AGL37.11▼ -0.99 (-0.03%)AIRLINK212.82▲ 3.27 (0.02%)BOP10.25▼ -0.21 (-0.02%)CNERGY7▼ -0.35 (-0.05%)DCL8.74▼ -0.16 (-0.02%)DFML38.69▼ -2.14 (-0.05%)DGKC97.45▼ -2.32 (-0.02%)FCCL33.47▼ -0.92 (-0.03%)FFL17.64▼ -0.41 (-0.02%)HUBC129.11▼ -3.38 (-0.03%)HUMNL13.86▼ -0.28 (-0.02%)KEL4.86▼ -0.17 (-0.03%)KOSM6.93▼ -0.14 (-0.02%)MLCF43.63▼ -1.57 (-0.03%)NBP61.39▼ -0.78 (-0.01%)OGDC212.95▼ -5.43 (-0.02%)PAEL41.17▼ -0.53 (-0.01%)PIBTL8.63▲ 0.08 (0.01%)PPL183.03▼ -6 (-0.03%)PRL39.63▼ -2.7 (-0.06%)PTC24.73▼ -0.44 (-0.02%)SEARL98.01▼ -5.95 (-0.06%)TELE9▼ -0.24 (-0.03%)TOMCL35.19▼ -0.2 (-0.01%)TPLP12.4▼ -0.7 (-0.05%)TREET23.62▼ -0.05 (0.00%)TRG65.68▼ -3.5 (-0.05%)UNITY33.98▼ -0.84 (-0.02%)WTL1.79▲ 0.08 (0.05%)

APBUMA demands elimination of cartels

Share
Tweet
WhatsApp
Share on Linkedin
[tta_listen_btn]
Faisalabad

All Pakistan Bed-sheets and Upholstery Manufactures Association (APBUMA) had demanded the government to eradicate cartels and mafias for putting the national economy on a sound footing.

Talking to the media here on Sunday, APBUMA Senior Vice Chairman Engineer Bilal Jamil said that due to government policies and especially the dynamic and active role of the SME sector, the national exports were witnessing a monthly increase of 2 billion dollars but the mafia created artificial shortage of yarn in the country to put it in back-gear.

He termed the SME sector as growth engine for national economy and said that big cartels and mafias were stealing all benefits while those working with little capital were deprived of this facility.

The government should adopt a mechanism to ensure that every person who contributes to exports gets his fair share of subsidy, he said. —APP

Related Posts

Get Alerts

© 2024 All rights reserved | Pakistan Observer