Textile Briefs National

1. Textile industrialists have expressed dissatisfaction over the Federal Budget 2018-19 announced by the government stating that the Budget focused general industry & trade while export sector was neglected.

2. The government has been advised by foreign textile buying houses to set up a central compliance centre in the country to improve manufacturers’ compliance with social standards, a critical factor in apparel sourcing decisions. The government may consider setting up sourcing parks to ensure a single-window facility, they suggested.

3. The Pakistan Hosiery Manufacturers and Exporters Association (PHMEA) has expressed concern over increasing taxes on the import of polyester yarn, saying the step has directly affected the sportswear industry of Sialkot. The government had recently imposed a 5% regulatory duty on such import with an average 7% anti-dumping duty.

4. The All Pakistan Textile Mills Association (APTMA), in its budgetary proposals urged the government to boost the textile sector by focussing on exports through three-pronged strategy making available affordable electricity and gas, rationalising tariffs in the textile value-chain and encouraging investment to create export surplus.

5. Readymade Garments Manufacturers and Exporters Association (PRGMEA) has called for speedy implementation of revised PM package for exporters for 2017-18 along with aggressive marketing plan to enhance exports and get the maximum benefit of GSP Plus status.

6. Pakistan Bureau of Statistics data, showed country’s textile exports rose 7.2% to $8.79 billion during the first eight months of the current fiscal year of 2018 as value-added sector continued to post recovery in foreign earnings.

7. Federal Secretary for Textile Division (Ministry of Commerce and Textile) Hassan Iqbal has said that the government will ensure technological up gradation of the textile industry.

8. He said that advanced technology had become vital to flourish Pakistan's textile sector by encouraging the textile and garments' exporters at every level.

9. The Federal secretary announced 2% cash bonus for the textile and garments exporters for developing new product for the international markets. He said that the government was striving to boom the country's textile and garments sector. The government would also encourage the products under Prime Minister's Incentive Package.

10. The Pakistan Textile Exporters Association (PTEA) has praised the release of Rs 5 billion to clear claims of duty drawback of taxes (DDT) allowed under the Prime Minister’s Trade Enhancement Initiatives, saying the move will offer the needed flip to textile exports. PTEA chairman Shaiq Jawed termed the move a positive step for sustainable growth.


Copyright 2018 Ptj.com.pk   Design: PTJ Graphics