FCCI official demands new textile
In a bid to make Pakistan the world leader
in the textile sector, Faisalabad Chamber of Commerce and
Industry (FCCI) Senior Vice President Zafar Iqbal Sarwar has
proposed the announcement of a new textile policy for 2019-24 by
mainly focusing on value-added goods export.
Unfolding objectives of the textile
policy, he said that special emphasis should be given to
improving Pakistan’s global ranking in the ease of doing
business and reducing the cost of doing business.
He proposed a one-window operation for the
purposes of registration, incorporation, EOBI, social security,
taxation, fee collection, etc. He demanded levy of uniform
energy charges across the country in addition to the settlement
of the Gas Infrastructure Development Cess (GIDC) issue and
payables. Sarwar said that in order to stop the misuse of
subsidized energy and the Duty and Tax Remission for Export (DTRE)
scheme, the government must take appropriate steps in
consultation with the real stakeholders.
He said that efforts must be expedited to
increase cotton production by improving the product mix by
concentrating on research and development activity. He urged the
government to provide a subsidized credit facility, enhance
audit limits, and give mark-up support and incentives so that
textile exporters could invest in value addition of their
The official said that steps should also
be taken to facilitate additional capital investment and reduce
the cost of doing business. In this connection, he proposed the
constitution of dispute resolution committees consisting of
representatives of the Federal Board of Revenue (FBR), trade
bodies and the Institute of Chartered Accountants of Pakistan (ICAP).
Underlining the importance of small and
medium enterprises (SMEs), he said, “The government should also
focus on strengthening this important sector, which is full of
Sarwar proposed the setting up of a
textile research forum to enhance cotton yield by encouraging
the cultivation of genetically modified seeds, production of
organic cotton and establishing a production center in Pakistan.
He said that Pakistan-based testing
facilities must be put in place in addition to encouraging
internationally accredited labs with special focus on installing
testing equipment for the identification of harmful substances.
He added that the government should
encourage joint ventures and investment for the manufacturing of
textile machinery and production of various inputs used by
allied industries in Pakistan subject to the economic viability.
He stressed the need for introducing
Pakistan's brand and establishing a business facilitation center
for textile exporters so that they could explore new markets and
introduce their own brands in international markets.
The FCCI senior vice president demanded
that existing industrial zones should be improved by extending
the facility of “plug and play”, especially to the SME sector,
which was starved of finances. Similarly, vocational training
should be improved and women entrepreneurs must be encouraged so
that they could play their role through coordinated efforts with