TMA for reforms to restore export competitiveness

The Towel Manufacturers' Association of Pakistan (TMA) has called for comprehensive policy reforms to address rising costs and restore the international competitiveness of Pakistan's export-oriented industries. Omer Anwar Lari, Vice Chairman of TMA, highlighted issues such as high energy costs, delayed tax refunds, expensive financing, inefficient logistics, and inadequate export incentives as putting pressure on manufacturers and exporters.

TMA emphasized the need for practical reforms that would enable exporters to compete effectively with regional rivals and contribute more to the country's foreign exchange earnings. The association specifically requested a review of industrial electricity tariffs, cross-subsidies, off-the-grid levies, gas and RLNG pricing mechanisms, Unaccounted-for-Gas (UFG) charges, sea-freight charges, and General Rate Increases (GRIs).

Additionally, TMA proposed the implementation of dedicated daily cargo train services to improve export logistics infrastructure and called for better access to affordable financing for micro, small, and medium-sized enterprises (MSMEs).

Brief written by urgent.news from Business Recorder's own syndicated text. Machine-written — may contain errors; check the original before relying on it.