A delegation of the All Pakistan Textile Processing Mills Association (APTPMA) called on the Finance Minister, Senator Mohammad Ishaq Dar, here on Saturday.The delegation was led by Mr. Zubair Motiwala. The delegation presented APTPMA’s budget-related proposals and tax-related matters to the Finance Minister, which were discussed in detail.
The Finance Minister said that the Government maintains regular and proactive interaction with representatives of various industries, the business and traders community, economic experts and chambers of commerce & industries, especially during budget preparations. He appreciated the proposals and feedback of APTPMA, and said that these would be given due consideration during the finalization of the budget. He said that
the importance the government accords to the textile sector, as an important part of Pakistan’s economy, is evident from the Prime Minister’s Package of Incentives for Exporters worth Rs. 180 billion announced earlier this year. He encouraged the textile industry to make productive use of the package in order to enhance the country’s exports.
The Finance Minister highlighted the 5.28% GDP growth rate achieved by Pakistan during FY 2016-17, which is a ten-year high. He also mentioned the report recently published by PricewaterhouseCoopers (PwC) which has projected Pakistan to become the 20th largest economy by 2030 and the 16th largest economy by 2050. He encouraged all Pakistanis, including the textile industry, to play their due role in order to make this projection a reality.
Special Assistant to Prime Minister on Revenue, Mr. Haroon Akhtar Khan, Finance Secretary, Secretary EAD and senior officials of the Ministry of Finance and EAD also participated in the meeting.
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