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
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