FPCCI, LCCI demand textile sector exemption from load shedding

Lahore

Lahore: Federation of Pakistan Chamber of Commerce & Industry FPCCI & Lahore Chamber of Commerce & Industry LCCI Saturday demanded that textile sector should be exempted from load shedding in order to avail recent 900 million Euro World Trade Organization WTO trade waiver for Pakistan’s 75 products.

They also demanded withdrawing hike in fuel prices including gas to strengthen economy, save industrial and agriculture sectors from irreparable loss. President FPCCI Senator Haji Ghulam Ali & LCCI Senior Vice President Mehar Kashif Younis said government in national interest should accord priority to industrial, agriculture and specially textile sector in view of two years WTO waiver to Pakistan.

They demanded uninterrupted gas, power supply throughout the year to achieve economic growth, boost export targets specially textiles and ensuring bumper crops. The government should reshape its load shedding policy and provide chance to industry to flourish. Hike in gas, power, petroleum prices affects manufacturers, already faced with gas, power load shedding.

They said high tariffs had created liquidity crunch for industrial raw materials importers. Keeping in view global business scenario, high mark up rate by banks be reduced to single digit for reducing cost of doing business. Government to fully encourage textiles export with reference to WTO waiver must provide excellent package of incentives cum concessions to compete with other countries in international markets.

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