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Tag: All Pakistan Textile Mills Association

APTMA

APTMA Demands Significant Interest Rate Cut of at Least 4%

October 25, 2024October 25, 2024Mrs. Anjum Shahnawaz

Islamabad, October 25, 2024 – The All Pakistan Textile Mills Association (APTMA) has made a strong appeal for a substantial reduction in interest rates, calling for a 4% cut to help stimulate economic recovery, create fiscal space for public expenditures, and support the survival of key industries.

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APTMA

APTMA Urges Revisions to IPP Deals to Rescue Textile Sector

July 23, 2024July 23, 2024Mrs. Anjum Shahnawaz

Lahore, July 23, 2024 – The All Pakistan Textile Mills Association (APTMA) has called upon the government to urgently reconsider its agreements with Independent Power Producers (IPPs) to safeguard the textile industry, particularly its export-oriented segment.

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APTMA

APTMA Unveils Roadmap for $50 Billion Textile Exports by 2029

March 20, 2024March 20, 2024Faisal Shahnawaz

Islamabad, March 20, 2024 – The All Pakistan Textile Mills Association (APTMA) has presented a comprehensive policy roadmap to Commerce Minister Jam Kamal, aiming to elevate the country’s textile exports to $50 billion by 2029.

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APTMA

APTMA Strongly Condemns Soaring Gas Tariffs

March 7, 2024March 7, 2024Shahnawaz Akhter

Karachi, March 7, 2024 – The All Pakistan Textile Mills Association (APTMA) vehemently rejected the recent surge of 223 percent in gas tariffs over the past year, deeming it highly detrimental to the export-oriented textile industry of Pakistan.

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APTMA

APTMA Warns of 50% Shutdown in Textile Sector

February 14, 2024February 14, 2024Shahnawaz Akhter

Karachi, February 14, 2024 – The All Pakistan Textile Mills Association (APTMA) issued a stern warning to the government on Wednesday, cautioning that over 50 percent of firms in the textile and apparel sector are at high risk of shutting down in the coming weeks unless urgent corrective measures are taken.

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APTMA

IMF Assistance to Address Pakistan’s Immediate Financial Challenges, APTMA Says

June 30, 2023June 30, 2023Mrs. Anjum Shahnawaz

Islamabad, June 30, 2023: In a recent announcement, the All Pakistan Textile Mills Association (APTMA) highlighted the crucial support provided by the International Monetary Fund (IMF) to address Pakistan’s immediate financial challenges.

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APTMA

Severe gas shortage forces textile industry to halt production: APTMA

May 23, 2023May 23, 2023Hamza Shahnawaz

KARACHI: The All Pakistan Textile Mills Association (APTMA) Tuesday May 23, 2023 announced that the textile industry is being compelled to suspend production due to a severe shortage of gas.

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FBR plans achieving annual target through broadening tax base

January 5, 2023January 5, 2023Faisal Shahnawaz

KARACHI: Federal Board of Revenue (FBR) is working hard to broaden the tax base for achieving Rs7.5 trillion collection target for fiscal year 2022/2023.

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APTMA

APTMA demands restoring controversial SRO for sales tax refunds

November 23, 2022November 23, 2022Mrs. Anjum Shahnawaz

KARACHI: All Pakistan Textile Mills (APTMA) has demanded the tax authorities to restore a very controversial SRO for settlement the issue of sales tax refunds. The textile millers demanded the FBR to restore SRO 1125(I)/2011 i.e. zero rating for the textile value chain to enable the industry to survive and maintain export momentum. Gohar Ejaz, […]

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APTMA

APTMA urges PM to save textile industry from total closure

November 14, 2022November 14, 2022Hamza Shahnawaz

KARACHI: All Pakistan Textile Mills Association (APTMA) has urged Prime Minister Shehbaz Sharif to save export oriented textile industry of Sindh and Balochistan from total closure due to denial of gas. In a statement issued on Monday, APTMA Chairman Zahid Mazhar, Southern Zone has urged the Prime Minister of Pakistan, Mian Shahbaz Shareef and the […]

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