Textile exporters urge policy reversal to avoid sector collapse
• Seek urgent meeting with PM to address ‘restrictive policies’
• Sound alarm over tariff hurdles, supply chain disruptions
ISLAMABAD: Textile exporters have urged the federal government to reverse policy measures in the upcoming budget that are disrupting supply chains critical to sustaining over $9 billion in value-added exports.
In a joint letter to Prime Minister Shehbaz Sharif, the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) and the Pakistan Hosiery Manufacturers and Exporters Association (PHMA) requested an urgent meeting to resolve ongoing tariff-related barriers and restrictive policies that, they claim, are choking the supply chain.
A copy of the letter, seen by Dawn, outlines four key areas requiring immediate attention in the next fiscal year’s budget. The associations pointed out that recent changes to the Export Facilitation Scheme (EFS) had negatively impacted small and medium-sized enterprises (SMEs). They called for the restoration of the original scheme to ensure stability, international competitiveness and compliance with buyer needs.
The associations also demanded that the exporters’ final tax regime be restored in the upcoming budget, arguing that it would minimise compliance costs, administrative difficulties and help SME exporters maintain financial........
© Dawn Business
