FAISALABAD: The Pakistan Textile Exporters Association (PTEA) has urged the government to address the challenges in export sector as issues, including stuck up liquidity, high priced energy inputs and the imposition of duties and taxes on inputs/raw materials, are adversely impacting production.
In a statement here, PTEA chairman Khurram Mukhtar said that global markets were wide open and Pakistan could achieve a significant increase in exports by encouraging investment in addition to enhancing competitiveness. He said that extreme cash flow crunch had squeezed the financial streams and unavailability of sustainable energy package had increased the production cost while levy of anti-dumping duty on basic raw materials and withdrawal of exemption of sales tax and FED on locally procured input goods had disrupted the supply chain and slowed down the export pace.
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