Tag Archives: All Pakistan Textile Mills Association

Chairman All Pakistan Textile Mills Association hails announcement of Zero Rated Regime for Textile Sector

Karachi, June 06, 2016 (PPI-OT):Mr. Tariq Saud, Chairman, All Pakistan Textile Mills Association (APTMA) hailed the Government specially the Finance Minister, Mr. Muhammad Ishaq Dar and Special Assistant to the Prime Minister on Revenue, Mr. Haroon Akhtar Khan for reinstating Zero Rated Regime for the Five Major Export Oriented Sectors including Textiles.

In a statement issued to the press, Chairman APTMA, Mr. Tariq Saud said that reintroduction of Zero Rating or No-Tax and No-Refund Regime for the Textile Sector which is the major export oriented sector and contributes more than 55% of foreign exchange earnings through exports is a positive step toward the restoration of viability of the ailing textile sector. He said that APTMA was demanding zero-rating regime and met the Finance Minister last Sunday in this regard and convinced him that the viability of textile industry is must for the economic growth of the country.

Chairman APTMA thanked the Federal Minister for Finance and Economic Affairs who heard the issues of the industry and he is sure that the government would implement it in true letter and spirit. He further appreciated reduction in export refinance rate by 0.5%.

Mr. Tariq Saud said that the government should announce a comprehensive package for the textile industry as its exports are under pressure both in quantity and value terms. He said the high cost of doing business and an unrealistic value of the local currency has also played a role in this regard. He said the textile industry was not able to utilize resources due losses to sustained earlier and a liquidity shortage now a major hurdle to produce exportable surplus.

He has urged the government to liquidate pending sales tax refunds by the end of July as promised by the Finance Minister so that funds, presently lying and unproductive and use it meeting working capital requirement of the industrial operations in the best National and Economic interest.

He further demanded complete withdrawal of Gas Infrastructure Development Cess (GIDC) and Electricity Surcharges from entire textile chain, provide 5% DLTL against Exports to all textile value chain to remove incidentals of taxes, cess, levies and duties on all textile exports and provision of Long Term Financing Facility to entire textile chain to attract fresh investment and BMR of the existing plants and machineries. To safeguard the domestic commerce from under invoiced imports, government should levy 15 percent Regulatory Duty on Synthetic Yarn and Fabrics under Chapter 55, he demanded.

For more information, contact:
All Pakistan Textile Mills Association
APTMA House, 44-A, Lalazar,
Molvi Tamizuddin Khan Road,
Karachi -74000, Pakistan.
Tel: +92-21-111-700-000
Fax: +92-21-35611305
Email: info.po@aptma.org.pk
Website: www.aptma.org.pk

All Pakistan Textile Mills Association Chairman expresses gratitude to Prime Minister for Rs3 per unit reduction in electricity tariff for Industry

Karachi, January 12, 2016 (PPI-OT): The All Pakistan Textile Mills Association Chairman Tariq Saud has expressed his gratitude to Prime Minister Nawaz Sharif for Rs3 per unit reduction in electricity tariff for Industry, saying that this single step would greatly help textile industry for revival of its presently compromised viability.

He said the high cost of doing business had created a hole in the viability of textile industry, particularly the large section dependent on electricity supply in Punjab, which was resulting into fast closure of textile units, steep fall in textile exports and the consequent rampant unemployment.

He expressed the hope that reduction in industrial tariff by the prime minister would enable the textile industry to compete with immediate regional textile players through availability of level playing field. “The present weighted average net of fuel price adjustment tariff for industry is Rs.12/kwh. Supply of electricity at tariff less than Rs9 per unit would be a major step in restoring the industrial viability,” he stressed.

He has further urged the Prime Minister Nawaz Sharif to pass on the impact of falling oil prices in full to the industry. An early passing on the benefit would revive the closed capacities on the one hand and attract new investment to the textile sector on the other, he added.

He has further appealed for removal of the tariff rationalisation surcharge, while adjusting the Rs3 per unit reduction in industrial tariff. “Textile industry cannot pass on system inefficiencies and line losses wrongly inflicted upon it in the name of tariff rationalisation surcharge,” he stressed.

He has appealed to Prime Minister Nawaz Sharif to direct the Ministry of Water and Power for issuing a notification in this respect, as reduction in the industrial tariff is applicable from 1st January 2016. “It will enable the industry to book export orders without delay, as many textile millers are yet uncertain over the fate of tariff rationalisation surcharge,” he said.

He further added that only the prime minister can put an end to the ongoing indecisiveness by removing the tariff rationalisation surcharge from the industrial tariff. “A timely decision would enable the textile industry to deliver and materialise the prime minister’s dream of industrial revolution in Pakistan,” he vowed.

For more information, contact:
All Pakistan Textile Mills Association
APTMA House, 44-A, Lalazar,
Molvi Tamizuddin Khan Road,
Karachi -74000, Pakistan.
Tel: +92-21-111-700-000
Fax: +92-21-35611305
Email: info.po@aptma.org.pk
Website: www.aptma.org.pk

All Pakistan Textile Mills Association hails Sui-Northern Gas Pipelines limited’s plan to increase gas production by 7per cent

Karachi, January 13, 2014 (PPI-OT): The Chairman All Pakistan Textile Mills Association (APTMA) Yasin Siddik has appreciated the plan initiated by Sui-Northern Gas Pipelines limited (SNGPL) and Sui-Southern Gas Company Limited (SSGCL) as they have started implementing a plan to reduce Unaccounted for Gas (UfG) losses from 11 percent to 7 percent, which is a step in the right direction.

While emphasizing on the government to focus its plan on increasing local gas production by 7 percent or by 315 Million Cubic Feet per Day (MMCFD) by end December 2014, Yasin said that if implemented in letter and spirit both the measures would greatly help in overcoming ongoing gas crisis in the country and industrial sector would have some respite from gas shortage.

He said that Pakistan’s industry would support any serious move by the government to end energy crisis, the government and both the gas distribution companies must overcome their shortcomings and minimize UFG while at the same time increasing the gas production within its indigenous sources before opting for expensive sources of gas supply. He said that the country has gas reserves in abundance and it’s need of the hour to fully exploit them by speeding up exploration. Yasin Siddik said that serious efforts should also be made to reduce the theft of Gas and Electricity.

APTMA chief said that UfG is a real challenge which at the moment stood at 11 percent or 450 MMCFD. Oil and Gas Regulatory Authority (OGRA) was also pressing the gas distribution companies to reduce gas losses from 11 to 7 percent. He added that the gas companies should reduce UfG losses to 4.5 percent as per international standards.

He urged the Ministry of Petroleum that instead of increasing gas tariff and GIDC (Gas Infrastructure Development Cess (GIDC) these measures to reduce inefficiencies would be beneficial. He also pointed out that gas and electricity rates in Pakistan had already overtaken the tariffs in other countries in the region.

COMPARATIVE PRICE OF USED AS FUEL
VALUE IN US$
PAKISTAN 4.94
INDIA 4.20
BANGLADESH 2.05

For more information, contact:
All Pakistan Textile Mills Association
APTMA House, 44-A,Lalazar,
Off: Moulvi Tamizuddin Khan Road,
Karachi -74000, Pakistan.
Phone: 0092-21-111-700-000
Fax: 0092-21-5611305
E.Mail: aptma@cyber.net.pk
Web Site: www.aptma.org.pk

The post All Pakistan Textile Mills Association hails Sui-Northern Gas Pipelines limited’s plan to increase gas production by 7per cent appeared first on AsiaNet-Pakistan.

Pak industry must prepare for compliance of 27 Conventions – GSP Plus has been achieved after strenuous efforts – Governor Punjab

Karachi, December 27 2013 (PPI-OT): Pakistani industry must prepare for compliance of 27 Conventions signed by the government, in order to reap benefits from the GSP Plus status given by the European Union (EU) to Pakistan; this was stated by Governor Punjab Chaudhry Muhammad Sarwar. Speaking at the luncheon meeting at the All Pakistan Textile Mills Association (APTMA), the Governor Punjab said that Pakistan has obtained this preferential trade status after massive lobbying and efforts from the government level.

He said that Prime Minister Mian Nawaz Sharif had sent him to the European countries for seeking support from the member countries of EU in favour of Pakistan at a juncture when we were facing fierce opposition in the EU.

He said that he lobbied among as many as 100 parliament members of the EU to win support in Pakistan favour and even 8 delegates from France also voted in favour of Pakistan. He said that it is now up to Pakistan’s industry to get maximum benefit from GSP Plus.

He said that he intimated the opposing EU members that Pakistan has lost 50,000 lives in their war against terrorism. Ch Sarwar also announced to form Pakistan-EU Business Forum in order to provide help to reap maximum benefit from GSP Plus. Earlier, Chairman APTMA, Yasin Siddik said in his welcome address to bring textile exports to $26 billion from $13 billion in next five years after getting GSP Plus.

He said that it was the fruit of Governor Punjab’s sincere struggles that Pakistan today has achieved the status of GSP Plus. This preferential market access to the EU countries will be a helping hand to the economy of our country and the textile industry of Pakistan would be able to boost its exports to new markets and earn valuable foreign exchange.

He said that APTMA has undertaken a number of initiatives to keep the Textile Industry at par with global standards and expectations in respect of sustainability, corporate social responsibility, compliance, standards, conservation, best practices, gender balance and the like.

For the last six years the textile industry has been stagnant in terms of employment, exports, further investments due to infrastructural impairment on account of the war on terror, lost buyers, and lately shortage of energy. Exports of textiles which had gone up to $14 billion in the year 2010-11 were dropped to $13.1 billion in 2012-13. APTMA foresees textile exports from $13b to $26b in the next few years, an investment of $1 billion annually, creation of 1 million direct and indirect jobs every year, addition of 1 to 2% to GDP growth and a doubling of the cotton crop from 13 million to 26 million bales.

The GSP+ has once again opened the door to Pakistan to balance its trade deficits, if some crucial initiatives like securing raw material and supply of un-interrupted energy are taken at the government level, the Textile Industry can reach the country at a new heights of prosperity.

The present energy shortage poses a serious challenge to the sustainability of the industry as well as whittles down its potential to utilize cotton and to lend a helping hand to the government in meeting energy shortage, the industry is prepared to set up captive power plants run by fuels other than natural gas like solar energy, LPG mix, coal and hydel. Availability of subsidized finance, say at 3%, would help to initiate captive power generation on appreciable scale.

APTMA urge the government of Pakistan to make such an option feasible by the provision of low-cost finance. Likewise there is potential for increasing the yield of cotton crop from 13 million bales to 26 million bales by bringing about improvement in seed quality and developing remedy for Cotton Leaf Curl Virus, White Fly and Mealy Bugs.

Former Chairman APTMA, Gohar Ijaz paid rich tributes to the Governor Punjab for making sincere efforts in getting GSP Plus. APTMA Chairman (S.Z) Tariq Saud and S M Muneer and also spoke on the occasion.

For more information, contact:
All Pakistan Textile Mills Association
APTMA House, 44-A,Lalazar,
Off: Moulvi Tamizuddin Khan Road,
Karachi -74000, Pakistan.
Phone: 0092-21-111-700-000
Fax: 0092-21-5611305
E.Mail: aptma@cyber.net.pk
Web Site: www.aptma.org.pk

The post Pak industry must prepare for compliance of 27 Conventions – GSP Plus has been achieved after strenuous efforts – Governor Punjab appeared first on AsiaNet-Pakistan.

Chairman All Pakistan Textile Mills Association expresses gratitude on getting generalized system of preferences status for Pakistan

Karachi, December 12, 2013 (PPI-OT): The Chairman All Pakistan Textile Mills Association (APTMA) Yasin Siddik has expressed his gratitude on getting GSP (generalized system of preferences) status by European Parliament terming it a big success for Pakistan and good omen for country’s export oriented industry.

Yasin said that EU Parliament has approved GSP Plus status for Pakistan with 406 parliamentarians expressed their support for Pakistan and the status has been granted till 2017. He said that the status will prove to be of great benefit to Pakistan’s textile manufacturers and exporters who will now have duty free access to 27 European countries.

He said that textile exports had been declining in Pakistan, as manufacturers and exporters were finding it hard to compete with Sri Lanka and Bangladesh who already had duty-free access to European markets and were getting 11.5 per cent tariff cut.

APTMA Chief has further stated that it was heartening to note that EU countries’ leaders have supported to accommodate Pakistan in the new GSP Plus initiative from January 2014 onwards. Pakistan is fortunate to be a preferred, strategic and largest economic partner of EU.

The EU’s Parliament granted approval of this facility by a majority vote. The facility will provide duty free access to 3,500 products. There was duty of 11.5 percent on Pakistani textiles, which has been abolished with effect from January 1, 2014. Pakistan can earn an additional 550-700 million dollars per year through GSP Plus status, he added.

He said that the decision by the EU was the endorsement of our demand that Pakistan needs more trade and not just aid.

The objectives of the EU’s new GSP are to focus on help to those truly in need, to strength GSP plus as an incentive, to good governance and sustainable development. Yasin expressed hope that the textile and garment units which are running under capacity will resume production at full capacity. He emphasised the need of making efforts to improve law and order so that foreign buyers should also start coming to Pakistan for export deals.

For more information, contact:
All Pakistan Textile Mills Association
APTMA House, 44-A,Lalazar,
Off: Moulvi Tamizuddin Khan Road,
Karachi -74000, Pakistan.
Phone: 0092-21-111-700-000
Fax: 0092-21-5611305
E.Mail: aptma@cyber.net.pk
Web Site: www.aptma.org.pk

The post Chairman All Pakistan Textile Mills Association expresses gratitude on getting generalized system of preferences status for Pakistan appeared first on AsiaNet-Pakistan.

All Pakistan Textile Mills Association criticizes increase in Electricity Tariff

Karachi, August 01, 2013 (PPI-OT): Mr. Muhammad Yasin Siddik, Chairman, All Pakistan Textile Mills Association, Sindh Balochistan Region strongly criticizes announcement of increase in electricity prices upto 70% by the Government and urged to withdraw the rise in electricity tariff. He said that it is understandable if the tariff is raised by about 10% to 15%but not such a drastic increase of 70%.

Chairman – APTMA Sindh-Baluchistan Region said that the recent hike in electricity tariff would make textile export costlier and render Pakistani textile exports uncompetitive in the international market. Subsequently, India, China and Bangladesh would capture markets presently dominated by Pakistani exporters.

He suggested the government that before making any dramatic changes in the electricity prices, the stakeholders of the industry should have been taken into confidence and engaged to work out the electricity tariff.

He stated that the government is not in a position to provide uninterrupted power and gas supply to the industry due to which industry is facing increase in cost as a result of less than capacity output and now such a hefty tariff increase cannot be justified.

He said that since the country is passing through an era of economic uncertainty persistent inflation, high cost of doing business as a result of which industry is facing severe challenges such as war on terror and insecurity etc. such cost increases could lead to decrease in export earnings and escalating trade deficit. He feared that if the precautionary measures are not taken carefully the survival of the industry would become elusive.

For more information, contact:
All Pakistan Textile Mills Association
APTMA House, 44-A,Lalazar,
Off: Moulvi Tamizuddin Khan Road,
Karachi -74000, Pakistan.
Phone: 0092-21-111-700-000
Fax: 0092-21-5611305
E.Mail: aptma@cyber.net.pk
Web Site: www.aptma.org.pk