Textile Briefs National


1.  According to APTMA, textile sales in the local market currently stand at $13.7 billion out of the combined local and foreign sales of $26 billion. Textile exports for the year 2016-17 stood at $12.3 billion. In this context, the smuggled or informal (24%) and imported goods (44%) make up the rest of the textile products being sold in Pakistan.

2. The Pakistan Textile Exporters Association (PTEA) has expressed grave concern over sluggish growth in exports. The high cost of production, competitiveness, inconsistency in government policies and uncompetitive energy prices have contributed to this crisis-like situation.

3. The private banks have refused to reschedule loans for the revival of sustainable sick textile units. The revival of textile units running under capacity was aimed at increasing the exports in the textile sector, and turning down the request will further exacerbate the crisis.

4. Cotton Crop Assessment Committee (CCAC) has estimated the cotton production at 12.6 million bales during the crop season 2017-18 against the set targets of 14.04 million bales. 

5. The Pakistan Cotton Ginners Association (PCGA) Dr. Jasso Mal demanded of the government to fix electricity tariff at Rs 5 per unit for ginners and impose a complete ban on the import of cotton till the consumption of local produce.   

6. Pakistan and Indonesia have agreed on concession for 20 different items during bilateral negotiation under Preferential Trade Agreement (PTA). Both sides discussed 20 tariff lines and Indonesia agreed to give concession on major exports from Pakistan including textile, rice, ethanol, kinnow and mangoes, as per information revealed by a senior official of Ministry of Commerce.

7. According to official sources efforts are also being undertaken including Free Trade Agreement (FTA) negotiations with Turkey, Thailand and Iran to gain access to Pakistani products in these potential markets.  Over Rs. 6.0 billion has been allocated in the current financial year to facilitate exporters under the Textile Policy 2014-2019.

8. The Economic Coordination Committee (ECC) has approved a proposal that 50 percent of the export package incentive for eligible textile and non-textile sectors, announced in Prime Minister’s Export Package, be provided on the same terms as for the period January to June 2017 without a condition of increment. Remaining 50 percent of the rate of incentive would be provided if the exporter achieves an increase of 10 percent or more in exports as compared to the corresponding period of the last year.

 

 
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