PESHAWAR: All Pakistan Textile Mills Association Khyber Pakhtunkhwa (APTMAKP) chapter on Saturday termed the relief package allocated for the textile industry for the fiscal year 2017-18 as insufficient.
Talking to TNN, APTMAKP chairman Taimor Shah said that government had promised allocation of Rs 180 billion for the textile industry in the budget. However, the government did not honor its words and allocated only Rs 4 billion for the industry. He said that government had to allocated nothing for incentives promised before the budget.
He alleged that due to the unrealistic and poor approaches to the issues, out of ten factories in Gadoon Industry, four were shut down.
He asked the government to allocated Rs 180 billion as promised for effective support for industrial progress, increasing exports and enhancing the competitive edge of Pakistan’s goods in the international market.