FPCCI Set to Revive Pakistan Textile Industry

FPCCI Set to Revive Pakistan Textile Industry

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A revival of the Pakistan textile industry is being driven by The Federation of Pakistan Chambers of Commerce and Industry (FPCCI). The FPCCI has also appealed to the government to get on the bandwagon to support the development of textile industry.

In Pakistan, more than 60 per cent of the exports constitute of items from textiles contributing majorly in revenue generation.  The FPCCI also raised concerns over the recent protests held by the textile trade bodies. They fear that opposition through protest will affect the working of the industry and will also affect the economy of the country negatively.

The FPCCI urged the government to release the pending finances for efficient functioning of the Pakistan textile industry. They also advised that the export incentive package announced by the prime minister in January this year should be implemented at the earliest date possible. The FPCCI lastly appealed to the government to withdraw the levy of Rs 3.63 per kWh surcharge in the electricity bill and reduce textile related imports from China and India to salvage the textile industry from possible total collapse.