FAISALABAD: Power looms is an integral part of the textile sector which play a key role in earning precious foreign exchange in addition to providing jobs to the millions of workers; hence problems faced by it should be resolved on top priority basis, said Mian Muhammad Adrees a leader of the National Group, former President FPCCI, FCCI and former International Director Lions Club.
Talking to a delegation of the All Pakistan Cotton Power Looms Association (APCPA), he assured full support to resolve the genuine issues at the federal, provincial level. He asked them to write a comprehensive letter to the Chief Minister Punjab and Provincial Minister SM Tanvir so that he could arrange a meeting of the APCPA for the expeditious resolution of their problems.
About the increase in electricity rates, he said that it is a federal issue; however the government should revisit its decision for the survival of the industrial sector. He said that the closure of power loom units will open a floodgate of unemployment in addition to having a negative impact on the national exports.
He contended that unemployment would further deteriorate law and order situation hence the reasonable electricity rates may be offered to the industrial sector.
He appreciated the efforts of the government to control pollution by encouraging renewable energy resources and in this connection, the government must provide 50% subsidy to the small and medium units for the purchase of costly solar panels.
He said that the caretaker government must understand the economic crisis in the country and in the prevailing situation it should not use coercive measures to recover social security and EOBI contribution from the crisis ridden power loom sector.
He also supported the exemption of withholding tax in electricity bills once for all, instead of forcing them to get this exemption every year. He assured to take up the issue of weaving city in FIEDMC with the concerned quarters.
He said that a meeting of APCPA with SM Tanvir would be arranged during next week so that they could directly interact with the Minister and convey their grievances directly and in a most convincing manner.
The meeting was also attended by Ejaz Ahmed Nagra, Chairman APCPA, Chaudhary Muhammad Nawaz, Rana Aamir, Khurram Akhlaq, Chaudhry Abdul Quddus, Chaudhry Mushtaq Ahmad and Kashif Zia of PHMA. Later they also discussed the general business and chamber related issues.
Copyright Business Recorder, 2023
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