"The Towel Manufacturers Association of Pakistan hail the efforts of the Senate Standing Committee on Textile Industry specially of Senator Mohsin Aziz and Senator Nihal Hashmi for initiating a meeting of textile exporters with Governor State Bank of Pakistan and other heads of financial institutions and DFI's to discuss the issues related to textile industry and its resolution thereof.
The main concentration of the meeting was on deteriorating country exports of textile which is going downward continuously since long. Textile stake holders highlighted the issues of the industry before Governor State Bank of Pakistan with special reference to non performing loans and revival of sick industry.
Those exporters who are facing NPL issue since some time back were leading Exporters of Textiles and were earning Precious Foreign Exchange for the beloved country. If such exporters are provided a change they will certainly help in increasing country forex reserves.
Towel Manufacturers Association of Pakistan delegation presented a working paper to the governor based on 9 points for revival of the textile industry and assured the Governor that, "if our proposals are given due weight age, we can assure that our country's exports will Increase manifold which will ultimately help the exporters to come out from the crises which they are facing since long as well as it will help the government in increasing foreign reserves which is badly needed for the country." It will also help in reducing trade deficit of the country and easing un-employment which lead to rise in crimes in the Country.-PR
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