PRGMEAPakistan Readymade Garments Manufacturers and Exporters Association
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The PRGMEA Chairman said the licensed TOs , offering collaboration, would be given the status of 'Coordinating TOs' for their lead role in holding these consultative sessions on the sustained basis.
The PRGMEA Coordinator welcoming the new government incentive Package designed to boost the country's Clothing and Textile exports said due to non-payment of refunds and sharp increase in cotton yarn prices the value-added textile industry were hit adversely.
He said that the PRGMEA had requested the PM during his visit to the Sialkot Chamber of Commerce and Industry to abolish all duties on cotton yarn import to reduce cost of doing business and bridge the gap between production and consumption.
Chairman PRGMEA praised the efforts of DGTO for holding the sessions which would be very helpful in post-licensing and renewal requirements as per the provision of law.
The finance ministry should invite export-oriented industry's representative bodies including PRGMEA for consultation in resolving issues.
PRGMEA chief coordinator said that provision of competitively priced quality cotton yarn to value-added textile industry was the foundation on which export competitiveness was built.
The meeting was attended among others by Add Secretary Kanwar Usman, PRGMEA Senior Vice Chairman Jawwad A.
The PRGMEA Chief Coordinator said that there was a great need of setting up 'Garment Export Promotion' for monitor production and export performance and formulate appropriate policy for Textile apparel sector.
The PRGMEA chairman highlighted the low cost of labour in Bangladesh goes in favour of exporters.
The availability of competitively priced and high-quality cotton yarn to value-added textile industry is the basic foundation on which export competitiveness is built,' the PRGMEA official said.
He said the PRGMEA and IAF had started taking all out sincere efforts to promote the 'soft image' of Pakistan around the globe.
We expect the government to share CPEC cost and benefit ratio with the local industry so we can plan for our future investments," said PRGMEA Central Chairman Ijaz Khokhar, adding that CPEC business wing should be established to safeguard the existing local industries as well as international investors.