Gsp plus decision : SITE keeping fingers crossed till final nod

SITE Association said it was overwhelming to be granted GSP+ status, but 12 members had voted against Pakistan. PHOTO: FILE

KARACHI: 

The country’s leading industrial estate, the SITE Association of Industry has asked the government to remain on its toes until the final announcement of Pakistan’s inclusion in the GSP plus scheme is made by the European Union.

Younus M Bashir, chairman SITE Association,  insisted this is important as a few EU members are against seeing Pakistan benefiting from generalised system of preferences (GSP) plus scheme, which allows concessional import of a wide range of products from developing countries. SITE Association said it was overwhelming to be granted GSP+ status, but 12 members had voted against Pakistan.

The association appreciated the efforts of Prime Minister Nawaz Sharif and other government officials especially Khurram Dastgir Khan. However Bashir highlighted the dire conditions of the textile infrastructure, stating that production on current equipment seems difficult. He suggested a task force be created on Textile with the Prime Minister as its chairman.