Textile Briefs National


1. Pakistan Ambassador to China, Masood Khalid  has invited the Chinese companies to take advantage of investment-friendly policies of the government and come forward to invest in textile and garments sectors in Pakistan. Giving the details of the project, he said, it is aimed at development of textile and garment sector in Pakistan, as textile sector is one of main segments of Pakistan’s economy and Pakistan exports bulk of its textile products to China.

2. Ministry of Textile Industry has sought state protection and support price for cotton crop to arrest its continuing fall, as crop production came down from 14 million bales to 10 million bales during the last two years. According to the Secretary Ministry of Textile Industry Hassan Iqbal, huge foreign exchange earnings are lost on cotton imports due to shortfall in cotton crop to meet local industry requirements.

3. Pakistan Apparel Forum Chairman said the main reason behind rapid fall in exports is a tough competition from regional countries due to ever increasing cost of production and persistent liquidity crunch. He criticized the government for announcing textile export package just before the start of Heimtextil (10-13 Jan, 2017) due to which foreign buyers immediately demanded discounts from Pakistani exhibitors.

4. The Public Accounts Committee (PAC) while expressing anger over rolling back of Textile City Project in Karachi has directed the Secretary Textiles to provide all details of the project to the committee in the next meeting.

5. According to Pakistan Yarn Merchant Association, unfair subsidies given to US cotton producers are hurting Pakistan’s cotton growers, who are facing hardships due to higher cost of production.

6. The Sindh government has decided to continue Pakistan Textile City Limited in partnership with Port Qasim Authority (PQA), said Sindh Chief Minister Syed Murad Ali Shah, while presiding over a special meeting on the project.

7. The Senate Standing Committee on Textile Industry stressed the need for protecting local textile industry to enhance exports volume of the country. The committee gave a recommendation for proper execution of the “Trade Enhancement Package” amounting to Rs.180 billion for the industry, announced by Prime Minister Muhammad Nawaz Sharif for coming 18 months from January 2017 to June 2018.

8. During seven months (July-Jan 2016-17) total exports of textile products declined by 1.54% over last year. In the year 2010-11 (July-Jan) exports of textile were $7.45 billion while today these stand at $7.34 billion in seven months.

9. Pakistan Textile Exporters Association (PTEA) Chairman Ajmal Farooq demanded that the government immediately release refunds to the country’s textile exporters following the recent cash flow crunch the industry is facing.

10.  Peshawar High Court bench has struck down the imported cotton cess imposed on textile mills in Khyber Pakhtunkhwa declaring it illegal for violating the Cotton Cess Act, 1923.The Judges issued the orders by accepting a petition jointly filed by Mezan Textile Mills and five other such industrial units.The bench ruled that the cotton cess could not be imposed on imported cotton until the law concerned was changed.

 

 
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