LAHORE: Rukhsana Shah, federal secretary for Ministry of Commerce and Textile Industry, has observed that the value-added textile industry, which is very important in terms of export, as well as employment generation, needs to offer more diversified products to take benefit from the GSP Plus.
Addressing the Managing Committee of the Pakistan Readymade Garment Manufacturers and Exporters Association (Prgmea) during her visit to the North Zone office in Lahore, she assured the association of having separate statutory regulatory orders (SROs) for readymade garments industry soon.
“I will take up the issue with the Federal Board of Revenue (FBR) chairman, as time has come to acknowledge the high potential of this sector, which is important in terms of exports, as well as employment generation.”
The government is focused to maximise the benefits from the GSP Plus status to its selected textile, she said.
Shah said the development of synergies between local and international textile sectors is crucial for Pakistan to get advantage from the generalised system of preferences. Prgmea Senior Vice Chairman Jawwad A Chaudhry said that the association being one of the major value-added stakeholders is playing a pivotal role in earning foreign exchange, as well as generating employment opportunities without any gender discrimination. He demanded the import policy for raw materials for re-export such as duty-free import of fabrics and accessories, same as that of Bangladesh, besides simplifying MINTEX registration procedure.
Source: The NEWS