(Pakistan News & Features Services)
Ahmed Chinoy, Chairman, Pakistan Cloth Merchants Association (PCMA), has welcomed the Prime Minister’s announcement of major relief measures for exporters and the industrial sector, terming them a timely and positive step towards strengthening the country’s export competitiveness and industrial growth.
He appreciated the government’s decision to reduce the Export Refinance Scheme (ERS) rate by 300 basis points to 4.5% from 7.5%, stating that the move will significantly ease working capital constraints for exporters and improve their ability to compete in international markets.
He also lauded the reduction of approximately PKR 4 per kWh in industrial electricity tariffs, along with a PKR 4.04 per unit cut in wheeling charges, noting that lower energy costs will provide much-needed relief to industries facing high input costs.
“These measures send a strong pro-export and pro-industry signal. Reduced financing costs combined with lower energy tariffs will improve liquidity, reduce operational pressures, and enhance competitiveness across key sectors, particularly textiles and other energy-intensive industries,” Ahmed Chinoy observed.
The PCMA Chairman further noted that the relief package was expected to support export growth, improve debt-servicing capacity for exporters, and contribute to more stable and sustainable industrial activity.
While welcoming the announcement, he emphasized the importance of timely and transparent implementation guidelines to ensure that the benefits reach businesses efficiently and without delay.
“The PCMA looks forward to continued engagement with the government to further strengthen the textile value chain and support sustainable export-led growth,” Ahmed Chinoy concluded.













