Govt should take notice of India’s industrial terrorism: PBIF president

[Trisonics]

Pakistan Businessmen and Intellectuals Forum (PBIF) President, AKIA President, FPCCI Businessmen Panel Senior Vice Chairman and former provincial minister Mian Zahid Hussain on Monday asked the government to take note of India’s industrial terrorism as it was bent upon destroying Pakistan’s textile sector, the backbone of economy.

In a statement issued here on Monday, he said that India was working on a multi-pronged strategy to damage Pakistan beyond repairs. It has initiated water terrorism followed by successfully pushing issue of Kalabagh Dam into controversies, he added.

He said that India was targeting China Pakistan Economic Corridor (CPEC) and now it has started industrial terrorism to damage Pakistan’s textile sector and bankrupt our country.

The PBIF president said that Indian prime minister was overseeing external sector personally, it has started giving hidden subsidies to the textile sector while banks have been directed to issue loans on zero per cent interest which has reduced cost of doing business of the competitors.

Mian Zahid Hussain said that on the other hand Pakistan’s textile industry was going down by the passage of every day due to increased cost of doing business.

The situation of investment and remittances was not satisfactory, exports was the only option left to bridge budget deficit otherwise the country will have to rely on foreign loans which have already reached to worrying proportions, he added.

He demanded the immediate refund to all export industries, steps to reduce cost of doing business and extra attention to the value-added sector.

Industrialists should be provided relief by simplifying taxation system and reducing the number of government departments dealing with them to save their time, he added.

http://www.pakistantoday.com.pk/201...f-indias-industrial-terrorism-pbif-president/


A few firsts:
Pakistan Businessmen and Intellectuals : Somehow in Pakistan being a Business man and an intellectual is not possible and hence a forum that include the two are created.

Industrial terrorism: Kudos for inventing such a powerful word!

Obsession with India? sigh that's a given. Never a dull moment when following Pakistani media.

 

[Stephen Cohen]

Modi is doing the right thing

 

[cloud4000]

The author should take issue with Pakistan government. It's not India's fault that Pakistan textile industry cannot compete. What he calls "industrial terrorism" is nothing more than competition.

 

[IHK_PK]

U are asking this from Nawaz Shari govt?

Hahahhahaha... forget it man.

 

[dadeechi]

What does Pakistan expect here?

Of course PM of India is supposed to work for the betterment of India and its Industry.

This would be the same with any country in the world.

Even China would not support Pakistan's Industry at the expense of its own Industry.

 

[Nothing]

I think so China and BD is doing more damages than Indian textile industry. See what Pakistan export to china is all raw material for textile production and China exports it to world.

I am sure companies in India not getting zero percent loan unless proven by document or ate least name of bank and company got it. China provides much more subsidies to its export industry. Looks at world steel market, what China did.
Many developed country like Japan provides zero or near zero percentage loans.

Being nationalistic is one thing but when you cross line it's more like being stupid

 

[aamerjamal]

U are asking this from Nawaz Shari govt?

Hahahhahaha... forget it man.

Obviously He is PM, not a chotiya try to block country progress.....

 

[unbiasedopinion]

Industrial terrorism

HAHAHAHA!!! hats off for coining this word....

 

[Tom M]

Is it Terrorism or Competition ?? If this is industrial terrorism, then the government of India should also take notice of Chinese Industrial terrorism against India. LOL

 

[Ryuzaki]

Is it Terrorism or Competition ?? If this is industrial terrorism, then the government of India should also take notice of Chinese Industrial terrorism against India. LOL

What about Chinese financial & industrial terrorism by China in Pakistan?Loans at exhorbitant rates with soverign guarantees and duty free shipment backed by economies of scale?

 

[Indo-Pak]

He said that India was targeting China Pakistan Economic Corridor (CPEC) and now it has started industrial terrorism to damage Pakistan’s textile sector and bankrupt our country.

I am waiting for CPEC to be operational , We will see how Pakistani industries will responds when Cheap (Price and Quality) chinese products will dump..

Unlike India Pakistan (who love China) won't boycot chinese products..

 

[Tom M]

What about Chinese financial & industrial terrorism by China in Pakistan?Loans at exhorbitant rates with soverign guarantees and duty free shipment backed by economies of scale?

Not our headache. LOL

 

[itachii]

What an a*s ? the businessmen of pak should be more concerned with BD and vietnam that took over pak (they took over even India in this sector)... India is just trying to regain the lost ground.