The Pakistan Textile Exporters Association (PTEA) appreciates Punjab Chief Minister Shahbaz Sharif and Finance Minister Ishaq Dar for taking stock grave situation of industrial crisis and taking proposal of gas restoration to industries in Punjab to save industrial and economic fabric of the country.

Expressing views, PTEA Chairman Sheikh Ilyas Mehmood and Vice Chairman Adil Tahir termed the government’s move as positive one. They appreciate the timely intervention by the Punjab CM and Finance Minister Ishaq Dar for saving the industry from collapse and giving proposal for restoration of gas to industries. The industry is totally confused as how to keep its viability intact in such a crisis like situation, as it has been left without gas for indefinite period but this would be a positive step of the present government towards the revival of economy and would really help to reap maximum benefits of forthcoming duty free market access to European markets,” the PTEA leaders argued.

They asserted that energy shortage had badly affected the manufacturing process and it was become difficult to meet deadline of export commitments but with gas restoration export commitments could be fulfilled well in time. They said that textile industry was capable of producing over a billion dollar exportable products on monthly basis and could achieve set milestone of economic development but this sector was facing huge economic challenges because of multiple factors like energy crisis and many other core issues due to which the economy was badly suffering while trade and industry were struggling for survival. They stressed that the government should pay attention to remove hurdles in the way of economic stability and ensure uninterrupted energy supply so that this sector could perform more than its capacity.

The PTEA office-bearers thanked the Punjab CM and Minister of Finance on taking immediate notice of industrial crisis and putting gas restoration proposal for industries to save industrial and economic fabric of the country. They also congratulate Prime Minister Nawaz Sharif, Punjab CM Shahbaz Sharif, Governor Ch Muhammad Sarwar and Minister of State for Commerce and Textile Industry Engr Khurram Dastgir for achieving the GSP plus status for Pakistan and lauded their strenuous efforts in this regard.