PTEA demands restoration of system gas for textile industry.
Punjab based textile industry is already facing a serious blow of non-viability due to the high cost of doing business. Moreover switching of system gas to high priced RLNG supply would also cripple the textile industry which is presently at a comparative disadvantage in respect of production costs in the region.
Pakistan Textile Exporters Association (PTEA) has expressed severe concern over the suspension of system gas under quota regime and supply of high priced RLNG to export-oriented textile industries in Punjab as it would further add to the high cost of doing business and would hamper the export pace.
Vice Chairman Ammar Saeed is of the view that the rising cost of doing business over last several years has not only stalled fresh investment in textile industry but has also hampered the export growth and turnover.
The Punjab-based textile industry would be unable to compete even in the domestic and international market in case the irritants are not removed. PTEA urged the economic managers of the country to come forward and support the industry in regaining the phase of bringing back viability in the textile industry and economic prosperity of the country.
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|Title Annotation:||Pakistan Textile Exporters Association|
|Publication:||Pakistan Textile Journal|
|Article Type:||Brief article|
|Date:||Jan 31, 2018|
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