Textile Briefs National

1. In a move that will further widen the gulf between businessmen and the government, the textile sector questioned the credibility of Prime Minister Nawaz Sharif’s Rs 180 billion textile package after the Finance ministry allocated a meagre sum of Rs 4 billion to fund it.

2. Federal Minister for Commerce, Engr. Khurram Dastgir Khan said that the GSP Plus by the EU had played a positive role in boosting Pakistan’s exports. Pakistan’s exports to EU had increased by 38% from 4.25 billion Euros in 2013 to 6.28 Euros billion in 2016. Garments exports to European Union (EU) increased by 75%.

3. Secretary Trade Development Authority of Pakistan Inam-Ullah Khan has said that non-traditional markets are being focused on in order to enhance Pakistani exports. He said that efforts are under way to create strong links between businessmen of Pakistan and their counterparts in other countries.

4. Cotton has witnessed 12 percent increase during the current sowing season as compared the sowing of the same period of last year. Crop cultivation has been completed over 88.2 percent area against the targets set for current sowing season, as per information released by Ministry of Textile Industry, Dr Khalid Abdullah.

5. The Chairman of the All Pakistan Textile Mills Association (APTMA) called for a more competitive business environment in the country to boost the country’s exports. Now we want to compete with regional competitors such as India, Bangladesh, Sri Lanka and Vietnam. He added that enhancing the country’s exports would help achieve economic stability and growth.

6. Exports performance remained disappointing, but the Economic Survey 2016-17 pointed out that in some product categories, lower unit value marred the quantitative increase; failing to mention that in many items exports declined both in value and quantity.

7. The government has projected textile exports would fetch $13.2 billion in the year to come. In textile exports, cotton yarn exports are projected at $1.2 billion, cotton cloth at $2.2 billion, knitwear at $2.5 billion, bed wear at $2.2 billion, readymade garments at $2.5 billion and other textile products at $2.5 billion. 

8. Pakistan Bureau of Statistics (PBS) released data detailing a fall in textile and clothing exports from Pakistan in the first 11 months of the financial year 2016-17. A decline of 1.98% was recorded in textile and clothing exports reached $11.234 billion.


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