| Textile sector starts getting export
orders
The textile sector has started receiving export
orders from the foreign buyers following February 18 polls that would
restore political stability and gear up economic activity in the
country, sources said.
A meeting held between the textile industrialists
and Textile Industry Minister Shahzada Alam Monnoo, discussed that the
Government should extend the R&D facility to the garment sector for at
least five years (till 2013) because this facility is vital for the
survival of value-added export industry. They emphasized that the
financial impact of such step will add Rs 182 million per year to the
national revenue.
The industrialists said there should be zero duty
on the import of gas generators. In approximately 64 countries of the
world, 3% R&D is given on the 'fabric' and in 32 countries, 6% R&D is
provided to the garment sector.
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