ISLAMABAD:
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, reaffirmed the government’s steadfast commitment to addressing key challenges in taxation, energy, and financing to ensure the sustainable growth and long-term viability of Pakistan’s industrial sector.
The minister made these remarks during a meeting with representatives of the All Pakistan Textile Mills Association (APTMA), as stated in a press release issued by the finance ministry. The meeting was attended by senior officials, including the Chairman of the Federal Board of Revenue (FBR), the Secretary of the Commerce Division, and other high-ranking officers from the Finance Division and FBR.
Aurangzeb and his team welcomed the APTMA delegation and reiterated the government’s strong support for the textile sector. He acknowledged the pivotal role of the textile industry in Pakistan’s economy and assured the delegation of the government’s dedication to resolving their concerns.
The finance minister stressed that tackling the core challenges faced by the industry is essential for creating a favorable environment for industrial growth, ensuring economic stability, and supporting the country’s overall development. He assured the APTMA leadership that their recommendations would be carefully analyzed, with viable proposals incorporated into the upcoming federal budget.
Aurangzeb highlighted the importance of a consultative approach, emphasizing that any inconsistencies in the existing framework would be addressed. He reiterated the government’s commitment to engaging with key sectors to ensure their concerns are effectively reflected in the budget.
Earlier, the APTMA delegation, led by Chairman Kamran Arshad, presented a detailed overview of the challenges facing the textile sector, particularly in the areas of energy, taxation, and financing. The delegation also shared recommendations aimed at ensuring the sector’s long-term growth and sustainability.
The APTMA representatives expressed gratitude for the timely disbursement of tax refunds and urged the government to expedite the clearance of pending dues to further support the industry.
