Malik Asrar awan lamented that value-added textile exporters were battling hard for their survival in the global market in the face of severe competition with the regional countries. Terming funds blockage as main cause of continuous drop in exports, he said that export industry was unable to tap its potential in accordance with capacity.
MCCI President said the government initiative, if implemented timely, will surely provide relief to the exporters who are presently facing severe liquidity crunch. He, however, made it clear that these measures are short-term solution, as the government would have to provide conducive environment by reducing cost of inputs to achieve export targets.
MCCI hopes the government will fulfill its commitment this time to restore the confidence of the exporters before the collapse of the industry. The prime minister decided to give package to the exporters, but it is not being implemented. Every passing day is crucial for the industry at a time when exports have been constantly declining. He also asked the government to honour its pledge to clear pending tax refunds of exporters, without any delay.
The MCCI senior vice President Begum Romana Tanvir A Sheikh appealed to the prime minister to personally pass orders for swift implementation of the package.
It is a matter of concern for the country that despite GSP Plus status, exports of the country are not increasing and related workforce is losing their jobs. The government should adopt
pro-export policies and ensure their effective implementation so that the country could continue its journey to development and prosperity. The exports of the country are a major source of providing employment and earning foreign exchange, but they are under heavy internal and external pressures.Therefore, export industry should be given priorities in solution of their problems so that economic prosperity can be achieved.
