No supports expelled underneath trade package: APTMA
LAHORE: All Pakistan Textile Mills Association (Aptma) Chairman Amir Fayyaz pronounced on Wednesday that a supervision had unsuccessful to exercise a Rs180 billion trade package announced by Prime Minister Nawaz Sharif as a attention has nonetheless to accept any funds.
Speaking during a press conference, Fayyaz pronounced a supervision due Rs30 billion to a weave industry. “While a primary apportion positive us that a Rs180 billion package will be postulated over a subsequent 18 months with Rs10 billion per month, a supervision has already defaulted on payments value Rs30 billion,” he said. The Aptma authority decried a appetite predicament in Punjab and a reward paid by weave units on electricity consumption.
“We are profitable 30% some-more for electricity than competing exporters in a region, joined with an roughly double tariff on gas than other provinces,” he said, adding that it had done a attention uncompetitive.
Published in The Express Tribune, Mar 30th, 2017.
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Article source: https://tribune.com.pk/story/1369091/no-funds-released-export-package-aptma/