KARACHI: Asif Inam, chairman of the southern zone of All Pakistan Textile Mills Association (APTMA), has urged the government to allow immediate release of textile machines and their spare parts that are stuck up due to restrictions on import of items covered under chapters 84 and 85 of the Customs Tariff.
Mr Inam in a statement issued on Thursday said that if import of machinery and the parts which are essential for smooth running of power plants and plants and machineries for production is halted the industry would stop running gradually.
He further said that members are facing severe problems in running their mills due to the ban.
He said that the textile industry is the major export-oriented industry of the country, earning more than 60 percent of foreign exchange revenues through exports. He requested Prime Minister Mian Shahbaz Sharif and Minister for Finance Miftah Ismail to take notice of the situation and issue directives to the relevant authorities to allow import of textile machinery and spare parts covered under chapters 84 and 85 of the Customs Tariff without any further delay in the best interest of the economy in general and the export-oriented textile industry in particular; otherwise the production activities of the textile industry will be disrupted and as a result the country will lose the export markets.
Copyright Business Recorder, 2022
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