1. PTEA Chairperson
Mian Shaiq Jawed said value-addition is key to success and the
government must focus on capturing a greater share in regional
and international trade through it.
Exports of textile and clothing products recorded an eight per
cent growth year-on-year to $11.2 billion in the 10 months of
2017-18. Exports of ready-made garments went up 11.96pc in value
and 13.44pc in quantity while those of knitwear edged up 14.65pc
in value and 3.7pc in quantity during these 10 months. Exports
of bedwear went up 4.77pc in value and 3.17pc in quantity.
The final cotton production figures released by Pakistan Cotton
ginners’ Association (PCGA) said that country produced 11.58
million bales during the cotton season 2017-18 which closed on
May 1, against 2016-17 when 10.72 million bales were produced
till April 15, 2017.
Swiss companies in the past ten years have invested CHF 1.5
billion in Pakistan making Switzerland stand among top ten
foreign director investors. Major exports from Switzerland to
Pakistan are pharmaceuticals, textile machines, and watches.
Economists expressed their dismay over budget 2018-19 and
lamented that no measures have been taken for industrialisation
and extension in PM export packages, said All Pakistan Textile
Mills Association Executive Member Gohar Ejaz.
PRGMEA Senior Vice Chairman appealed the Finance Ministry to
release the funds without any further delay, as more than 30%
cash flow has been blocked since long in the shape of sales tax
refund and customs rebate, which is adversely damaging cash
Consul General of Turkey, Tolga Ucak said that Turkish companies
are interested in textile and food sector of Pakistan. He was
talking to a gathering on business community at Korangi
Association of Trade & Industry (KATI).
Global businesses are shifting to South Asia and Pakistan will
survive in this changing environment only by virtue of its well
regulated Chambers of Commerce and Industries (CCI) and Trade
Organisations (TOs), said Directorate General Trade
Organisations (DGTO) Regulator Dr Waqar Ahmad Shah.
The Consul General and Patron of the Swiss Business Council Mr.
Philippe Crevoisier has said Swiss companies in the past ten
years have invested CHF 1.5 billion in Pakistan making
Switzerland stand among top ten foreign direct investors.
Switzerland is one of the main supplier country of textile
machinery and chemicals.
Rs.50 billion has been released by the government for the
textile sector during the current financial year and these steps
have arrested the declining trend of exports and now textile
exports during the current financial year have increased by
7.17% compared to last year according to the Commerce Ministry.