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Articles for tag: Abdul Aleem Khan, APTMA, Cotton, freight, goods transport strike, manufacturing, ports, textile exports

August 24, 2024

News Desk

APTMA warns of financial impact of withdrawal of sales tax exemption

Islamabad: The All Pakistan Textile Mills Association (APTMA) has expressed serious concerns over the recent withdrawal of sales tax exemption on local procurement for export production in the textile sector. The union warns that regressive tax policies are driving factory closings and mass unemployment across the industry. Despite multiple pleas from industry bodies, clear commitments from the finance minister and instructions from the prime minister to suspend SRO 350(I)/2024 till it is revised, the Federal Board of Revenue (FBR) continues to enforce the policy. APTMA claims that the current provisions of SRO 350 are causing widespread disruption to the textile

March 7, 2024

News Desk

APTMA warns of a decline in exports

Islamabad: The textile industry has warned the Special Investment Facilitation Council (SIFC) about the possibility of further decline in exports due to the absence of an economically viable source of energy for the industry. It has proposed a number of measures to enhance the competitiveness of textile exports in the world market. He pointed to the lack of an economically viable energy source for industry to sustain manufacturing and compete internationally. According to a presentation made at SIFC, textile industries have called for the abolition of cross-subsidies in non-productive sectors of the economy. The textile industry body, All Pakistan Textile

February 15, 2024

News Desk

50% of textile companies may close in the coming weeks

Islamabad: With more than 50% of textile and apparel companies at high risk of shutting down in the coming weeks, the All Pakistan Textiles Mills Association (APTMA) has called on the federal government to review energy rates to make textile exports competitive in the international market. The international competitiveness of Pakistan’s textile and apparel exports is constantly being eroded by persistently rising energy prices that are, on average, more than double those in competing countries. Moreover, electricity prices for industrial consumers are at 16.7 cents/kWh and natural gas price is increasing to Rs 2,950/MMBtu from Rs 2,200/MMBtu currently, a notable

January 25, 2024

News Desk

US consul general, APTMA discuss bilateral trade

LAHORE: United States Consul General in Lahore, Kristin K Hawkins participated in discussions with All Pakistan Textile Mills Association (APTMA) stakeholders to strengthen bilateral trade and economic relations between Pakistan and the United States. During the meeting, APTMA leaders, including President Kamran Arshad, Vice President Ahmad Shafi, and former presidents Adil Bashir and Hamid Zaman, along with Secretary General Raza Baqir, explored opportunities for cooperation inthe cotton and textile sectors while aiming toexpansion of trade and investment relations in other strategic areas. Both sides recognized Pakistan’s strong potential for growth in textile and other sectors. The APTMA president, in his

December 13, 2023

News Desk

Exporters are calling for reforms to boost growth

KARACHI: Exporters urged the government to attract foreign investment in export sectors, reduce energy costs and eliminate unprofessional red tape to help grow the beleaguered economy. They advocate promoting export-oriented industries, creating a level playing field and implementing substantial cuts in energy prices – aiming to match rates in South Asian countries such as Bangladesh, Sri Lanka and others. Export-oriented industries such as the textile and apparel sector not only generate massive employment but also contribute significantly to the national economy. Leading exporter Abdul Rehman Fudda, also former president of Pakistan Hosiery Manufacturers Association (PHMA) South Zone, spoke to The

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