Chairman APTMA Punjab S M Tanveer has welcomed the Economic Coordination Committee (ECC) decision of allocating 100mmcfd gas to Punjab-based textile industry during winter. He has appreciated Prime Minister Nawaz Sharif, Chief Minister Punjab Shahbaz Sharif, Federal Minister for Finance Ishaq Dar and Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi for their support to the Punjab-based textile industry in the wake of GSP plus status from the EU, likely to be operational from January 1, 2014.
He said a supply of 100mmcfd to the Punjab-based textile industry during winter would operationalise it to the optimum capacity through combination of electricity and gas supplies. Accordingly, this timely as well as prudent decision of the government would enable the Punjab-based textile industry to produce surplus export in order to avail opportunity of GSP plus, he added.
Chairman APTMA Punjab further said the government, as a matter of fact, had saved the industry from collapse and cutting a sorry figure before the GSP plus status from the EU. He said partially closed units would also get a big relief due to that strategic decision of the federal government.
He stressed that the textile industry might also undertake the investment decisions, pending since long, provided that the federal government ensured uninterrupted energy supply to the industry. He said Punjab-based textile industry, about 70 percent of total textile industry in Pakistan, carried the potential of producing surplus export to achieve the target and create job opportunities for youngsters of the nation at large.
He said textile industry in Punjab was totally in disarray over the prevailing energy crisis. However, the APTMA leadership, under the guidance of group leader Gohar Ejaz, chalked out a vision of doubling the textile sector exports to dollars 26 billion from dollars 13 billion in five years. He said APTMA leadership convinced the government functionaries about the importance of textile industry in the national growth and held successive meetings with the Chief Minister Punjab and Minister for Petroleum & Natural Resources.
Meanwhile, APTMA also pursued Governor Punjab Chaudhry Muhammad Sarwar to lobby for Pakistan in getting GSP plus from the EU and once Pakistan got it, APTMA organised a Textile & Clothing Show at the Governor House Punjab, where Federal Finance Minister Ishaq Dar made commitment of ensuring gas supply for the Punjab-based textile industry during winter. S M Tanveer said the APTMA members were proud of having a charismatic leader like Gohar Ejaz who had revived the glorious role of APTMA as a premier body of textile industry.