PAKISTAN: US Should Sign Free Trade Agreement.
Islamabad: Minister for Textile Industry Rana Farooq Saeed Khan urged the United State (US) authorities to sign free trade agreement with Pakistan. He said this while talking to a delegation of industrialists from value added textile industry who called upon Ms Faryal Talpur President PPP Women Wing and Rana Farooq…
Egytex News Desk
Source: www.bharattextile.com
He said that US government pledge to give free exhibition stalls to the Pakistani Industrialists is a welcome step but stressed that free access be given to Pakistani products in US market
The delegation discussed the problems faced by the value-added textile sector and pointed that increase in exports of the sector for financial year 2009-10 have been less than the target.
They termed the poor law and order situation in the country, liquidity problems, high mark up rates and impending VAT regime as the factors responsible for not achieving the targets.
The delegation demanded uninterrupted gas supply to the industry, reduction in mark-up rates, curtailment of cross subsidy to the fertiliser sector at the expense of textile industry, settlement of the pending claims of drawbacks and others and availability of funds for the effective implementation of the Textile Policy and requested Ms Faryal Talpur to play her role to fulfil these demands.
Ms Talpur acknowledged issues and demands raised by the delegation and assured of her full support to redress the problems faced by this important sector. She however advised the industrials to meet the President and Prime Minister to raise their problems directly at the highest level.
The delegation included Zubair Motiwala, Mian Lateef, Rana Mushtaq, Shahid Nazeer, Rafiq Godal, Javed Balwani, Mian Hamid Javed, Waqar Alam, Dr. Shehzad, and Yaqoob Balwani.
Source: www.bharattextile.com
From the Egytex news archive, first published on 29 June 2010. Figures and names are as reported at the time.
