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Chairing the meeting, PRGMEA Chief Coordinator Ijaz Khokhar said textile exports from Pakistan had already recorded a flat growth and stood at $11.1 billion in first 10 months of the current fiscal year.
The International Apparel Federation Secretary General Matthijs Crietee, accompanied by PRGMEA Chief Coordinator Ijaz Khokhar while addressing a press conference on the second day of TEXPO here on Friday at Expo Cnetre, observed that IAF is the only global federation, which represents apparel associations from 60 countries, having overall membership of more than 150,000 companies.
The PRGMEA coordinator said the Trade Development Authority of Pakistan (TDAP) was organising a textile exhibition (TEXPO) on April 11-14 at Expo Centre Lahore.
He assured that PRGMEA will support the government for achieving the target of economic growth and overcome the trade deficit.
He said that the provincial and federal governments along with PRGMEA have undertaken several necessary legislations to remove discrepancies with the ratified ILO Conventions.
He further said that Textile sector had a great potential and PRGMEA would enhace the export besides bringing innovation in the products.
The PRGMEA leader pointed out that the incumbent government had fulfilled its commitments made to the exporters within very short span, particularly lowering gas tariff to $6.5/MMBTU and reducing electricity rates to Rs7.50 cents/kwh to the exporting industry.
Shaikh Mohammad Shafiq, Chairman Central, Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) brief about the facts that The Textile and Clothing Industry has been the main driver of the economy for the last 50 years in terms of foreign currency earnings and jobs creation.
On the contrary, commerce minister and secretary assured PRGMEA chairman that they are doing their best to overcome these issues and informed that the government has leased Rs5 billion to State Bank of Pakistan (SBP) for the payment of PM package scheme and will release another Rs6 Billion by the next week.
'The government will have to provide a level playing field to the whole textile chain instead of supporting only yarn manufacturers, which have around 350 units against the value-added sector comprising 10,000 units across the country,' said Prgmea Chief Coordinator Ijaz Khokhar in the press release.
Aziz said that long-term business deals between the two countries will help flourish bilateral trade and Pakistan's value-added sector could be given a big boost, adding that PRGMEA has asked the Indian government to reduce the duty tariff on Pakistan's garments and remove non-tariff barriers imposed by Indian government on its exports, the Express Tribune reported.
PRGMEA announced the Global Fashion Awards 2019, while its deadline for submission of applications is 7th August 2019.
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