KARACHI: Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Chairman Shaikh Mohammad Shafiq, said on Wednesday that the government had not given any price cushion to the consumers for many months despite the fact that oil prices have been falling constantly, which were as low as $30 per barrel on Tuesday 12th January, 2016.
He said the government should take drastic steps for enhancing exports and addressing the problems faced by industrial sector on top priority basis.
Despite certain hurdles, the business community engaged with readymade garments was making strenuous efforts for enhancing the export in the larger national interests and provided huge employment in this sector, he said.
However it’s a drop in the Ocean as the value added export oriented industrial sector of the country has still urged the authorities responsible for the implementation of the power tariff cut to ensure deduction of Rs 3 per unit for industries, as announced by Prime Minister Nawaz Sharif.
He further said that garment exporters complain of delays in sales tax refunds. Facing a liquidity crunch as they reiterated the demand of zero rating for the textile sector. Without zero rating facility industry could not survive, he concluded.