Textile Briefs National


1.  Muhammad Jawed Bilwani, Chairman Pakistan Apparel Forum (PAF), urged the government to restore the separate and dedicated Ministry for Textile industry, so that the issues of the sector can be resolved speedily.

2.  The apparel makers have sought the PM's help for attaining financial share from already allocated funds of Rs 42.5 billion under Textile Policy 2009-14 in order to upgrade their manufacturing plants.

3.  SME Sector of Pakistan has potential to grow at a much faster pace and internationalization of its products with their own brand names can help Pakistan to earn billions of dollars. This was said by Mr. Michael Fisher Reinhard Chief Executive Officer of the Expandeers Global Network Germany, while addressing a meeting of the members of Faisalabad Chamber of Commerce & Industry (FCCI).

4.  The Economic Coordination Committee (ECC) of the Cabinet approved the export package in a bid to give a boost to shrinking exports of the country. Under the package, 50% of the incentive will be offered to eligible textile and non-textile exporters on the same terms as given for the period January to June 2017 without the condition of 10% increase in shipments.

5.  Ministry of Finance and State Bank of Pakistan (SBP) have jointly devised a mechanism to timely compensate the exporters under the Prime Minister Incentives package to boost exports.

6.  China has continued to reduce its demand for Pakistani yarn and fabric as competing countries are undercutting their prices significantly. Moreover, China is now more inclined towards high-tech products instead of low-tech products like textiles and footwear.

7.  All Pakistan Textiles Mills Association (Aptma) has called for implementing the “Prime Minister Export Enhancement Package” in its true letter and spirit besides making steps for ensuring ease of doing business in order to make Pakistan’s exports competitive in the international markets.

 

 
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