March 2008

 
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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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