Textile Briefs National


1. Pakistan’s textile and clothing exports fell 1.98% year-on-year to $11.234 billion during the first 11 months of the current fiscal year. The decline in export proceeds was also evident in rupee terms during the July-May period of 2016-17. 

2. Pakistan cotton industry has requested the Ministry of Textile and Cotton Crop Assessment Committee to protect the cotton crop from possible damage due to rain and virus attack. Representatives from the industry have sought technical support for the growers. They have also asked for the supply of certified cotton seeds for improved production of quality crops.

3. The free market policy will continue and the government will pull completely out of cotton business and focus mainly on regulation, said Aamer Irshad Chief Food and Agriculture Planning Commission. He said cotton will continue as an important contributor to the national economy and private sector will be encouraged to lead innovation, bring knowledge and investment in cotton technology.

4. 4All Pakistan Textile Mills Association (Aptma) said that annual exports of textiles have declined from $13.5 billion in FY-14 to $10.5 billion in FY-17. It may go down further on the back of the growing foreign competition from China and India, as well as from such newcomers as Vietnam, and non-cotton-growing Bangladesh.

5. Pakistan Hosiery Manufacturers and Exporters Association (PHMA) Chairman Adil Butt has expressed concern over the decline in textile exports, which have dropped 1.98% in the first 11 months of the current fiscal year. He said the government is responsible for the constant decline in textile exports because of delay in the release of tax refunds of exporters and asked it to immediately release all the pending sales tax refund and customs rebate claims as well as withholding tax claims.

6. The Federal government has released Rs 3 billion for immediate payment of refund claims to textile exporters whereas more funds are being arranged to resolve the issue completely, said Hasan Iqbal, Federal Secretary for Textile Industry. Addressing a meeting of Pakistan Hosiery Manufacturers and Exporters Association (PHMEA). 

7. The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) and China Chamber of Commerce for Import and Export of Textile and Apparel (CCCT) had signed a memorandum of understanding (MoU) to promote trade between China. Wang Vu, Vice Chairman of the Association said that Pakistan, one of the top five cotton producers in the world has growth potential for value-added garments and apparel sector.

 

 
Copyright 2017 Ptj.com.pk   Design: PTJ Graphics