APTMA as the premier Association takes immense pride in achieving industrial goals benefiting the entire nation. Our biggest achievement so far is the formulation of the Textile Policy 2020-25 which has been approved by ECC and will be implemented soon. The Policy will support the entire Textile Value Chain enabling textile products to be regionally competitive, resulting in enhanced exports for several years to come and contributing to sustainable export-led economic growth. The Policy encompasses continuous implementation of viable energy tariffs, export/investment strategy including export sustainability, implementation of Special Economic Zones (SEZ), discounted finance packages ensuring liquidity and credit availability for SMEs, and reduction in Turnover Tax. The achievement of this unprecedented milestone is completely attributed to the relentless efforts and dedication of APTMA. As a facilitating body APTMA has always been proactive in addressing the most pressing issues threatening the viability of our businesses in a timely manner
APTMA’s initiative in reviving the cotton crop is a pro-poor strategy that will not only uplift the country’s economic outlook in the coming years but will also serve our future generations. Once the lifeline of our farmers, the cotton crop has seen its worst in recent years. APTMA has thus formed a Cotton Task Force as a strategic alliance with the Punjab government to revamp and revive the production and yield of cotton crops in Pakistan. APTMA have already made strides by getting in touch with embassies of many countries including the USA, China, Turkey, Brazil, Uzbekistan, Turkmenistan, and Brazil to seek and opt for their seed development technologies, establish affiliations with their top scientific research institutions and enhance bilateral trade. Addressing this critical issue, APTMA is putting together a Cotton Secretariat spearheaded by our Patron-In-Chief, Dr Gohar Ejaz, along with a dedicated team of researchers and seasoned consultants to sustainably steer the sector in the right direction. Now APTMA also participate in and contribute to the monthly Cotton Crop Assessment Meetings. Being the largest association, APTMA ensures that its presence is not only valued but has a material impact.
Following the roadmap for innovative practices, APTMA has benefited from the persistent guidance and the direction laid out by Dr Gohar Ejaz, starting an initiative to revive cotton in Pakistan. APTMA Cotton Foundation (ACF) is a flagship project of APTMA, a model farming concept that will revolutionize cotton production. This will involve developing and testing various methodologies to improve crop productivity and enhance yield. The farm will also have an onsite biotechnology laboratory for seed and soil testing and developing technologically advanced seeds. ACF will also support farmers in providing technical trainings and equip them with knowledge on international best practices to cultivate high-quality cotton.
Dr Gohar Ejaz, Patron-In-Chief, APTMA is the pioneer of ACF project with a goal to revive cotton crop by introducing innovative technologies in seed variety development, certified approval systems for seed production, educating the farmers, launching training programs and proposing policy recommendations to government.
ACF will revolutionize cotton farming at domestic level with outstanding future implications – help alleviate poverty for many, furnish domestic cotton demand, reduce import bill, and pave way for an export-led economic development of Pakistan.
APTMA is the strongest proponent of having regionally competitive tariffs for Export Oriented Units in the country, which, after years of APTMA’s persistent struggle, are implemented resulting in enhanced exports. Through continuous correspondence, APTMA played a significant role in convincing the State Bank of Pakistan to reduce interest rates to benefit industries, especially during the pandemic.
Similarly, APTMA repeatedly voiced credit and liquidity crises hampering business operations during the pandemic, which resulted in launching schemes such as TERF/ITERF, Salary & Wages Package, etc
Moreover, while ensuring inclusivity, APTMA requested a special focus on SMEs and those textile units that are struggling for survival – APTMA liaised with the SBP and the Ministry of Commerce to convince them for launching a separate buyout scheme amounting to USD $300 million, which is under consideration.
Most significantly, APTMA arranged a focused meeting with the Deputy Director of SBP to request an extension in LTFF for indirect exporters – which has been affirmed by DG, SBP.
APTMA has preemptively approached the Ministry to oppose Duty on Yarn as it would prove counterproductive to the industry, and the same has been abolished by the government. APTMA further nudged the Ministry on fronts like Duty Drawbacks on exports to Export Processing Zones, an extension of zero-rating certificates, granting zero-rated facility to consumers of LIEDA and their reimbursement against tariff differential, etc.
There have been numerous occasions where APTMA’s timely intervention worked for the APTMA fare of the industry. A recent instance is when NEPRA tried implementing increased charges on Wheeling and Captive, APTMA’s Principal Office timely intervened and prevented these exorbitant charges that could have cost the industry billions.
Likewise, the decision on GIDC was challenged by APTMA, making a strong case to only obtain a justified amount from consumers, saving the industry billions. On another occasion where NEECA bombarded the industry with efficacy audits of captive power plants, APTMA categorically refuted on logical and legal grounds and has delayed the same.
The core team at Principal Office, with their professional interconnectedness with government and non-government institutions, is working without any vested interest to provide a level playing field to the textile industry