Textile Briefs National


1.  Vice Chairman Ammar Saeed said value added textile sector offers great potential for earning foreign exchange. He urged the government for immediate release of blocked refunds to enable the textile exporters to retain their hard earned export markets at this time of tough competition.

2.  Pakistan Textile Exporters Association has stressed for the continuation of Duty Drawback of Taxes for further three years to boost the value added textile exports and uplift the economy. DDT incentive has positively impacted the textile exports, which recorded a 7.7% growth year-on-year to US$ 9.99 billion in the first nine months of 2017-18.

3.  The Research and Development Department of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has identified various problems being faced by textile sector including high cost of doing business, approximately 11% multiple taxes and surcharges.

4.  The All Pakistan Textile Mills Association (APTMA) has rejected the textile package extended by the previous government, saying that would reverse the 15% exports growth. The previous government had also assured that rebate would be offered on indigenous materials, the extended package offers benefit on Indian products.

5.  Pakistan’s export growth is being hindered by high cost of business and issues of market access and exchange rate, but the government has been working on a five-year strategic trade policy framework to resolve these problems, said Commerce Secretary Younus Dagha.

6.  Epson and its subsidiaries, For.Tex. and Fratelli Robustelli, have appointed The Textile Engineers of Pakistan (TEP) to drive Monna Lisa digital textile printer expansion in the Pakistan market. The partnership main objectives to assistance throughout the production cycle that includes print heads, inks, products for pre and post-treatment up to mechanical assistance.

7.  Textile stakeholders have been left disappointed with the recent budget unveiling, calling it insufficient and inadequate to address the sector’s woes. The major demands of the All Pakistan Textile Mills Association (APTMA) have remained a wish-list as the expected relief in rising cost of production and pending sales tax issues still remains elusive.

8.  The previous government of Pakistan Muslim League-Nawaz (PML-N) has not proved beneficial for cotton farmers as the commodity’s production has recorded a drastic fall because of what many say the ruling party’s primary focus on pro-industry policies, says a report.

 

 
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