1. The All
Pakistan Textile Mills Association (APTMA) urged the government
to immediately notify the zero-rating facility of sales tax on
import of machinery that expired on June 30 and, as a result,
machinery imported for balancing, modernisation and replacement
(BMR) and for investing in Greenfield projects is stranded at
Federal Cabinet devised an action plan for increasing the cotton
production and its cultivation areas by 45% by 2025 in the
country, with recommendations to rationalize existing incentives
Cotton Commissioner had claimed that Pakistan annually produces
13 million bales of cotton and therefore, the government has
re-imposed the duties on cotton.
Chief said that despite massive efforts, Pakistan's total
exports could hardly reach US$ 23.22 billion mark as against the
import of over US$ 60.8 billion by end of the fiscal year 2018.
He said among overall exports, the textile share is US$ 14
Pakistan is going to face a challenge from Vietnam after dealing
with similar challenges from China, India and Bangladesh.
According to one estimate, Vietnam’s textile exports will double
to US$ 55 billion between 2015 and 2025.
Agriculture Secretary Muhammad Mahmood disclosed that Provincial
Government is providing approved varieties of cottonseed up to
50% subsidized rate and also providing subsidy voucher at Rs 700
per cotton bag to the core area of cotton growers.
growth of 9.82% was recorded in exports of the textile sector
during the last eleven months (July 2017-May 2018) of the
current fiscal year and they increased to the US $12.336 billion
from the US $11.232 billion for the same period a year before.
Archroma, leader in colour and specialty chemicals, is working
with World Wide Fund for Nature (WWF Pakistan) for water
conservation in the textile sector. The two have signed a
Memorandum of Understanding (MoU) which paves the way for formal
cooperation between the two in Pakistan.
Senior Vice Chairman Zahid Mazhar said that area under cotton
cultivation has declined over the last few years as many cotton
farmers have shifted to sugarcane. Low yield is another problem
and this year about 48% of the area where cotton was cultivated
in Sindh was missed due to scarcity and poor management of
Caretaker Provincial Minister for Industry and Commerce Punjab
Mian Anjum Nisar said that the government was actively
considering several proposals to give maximum relief to textile
sector in the country for its upgradation on modern lines by
motivating the textile exporters towards the promotion of value
Rabbani of the Pakistan Yarn Merchants Association said that
textile policy 2014-19 has remained ineffective in achieving the
desired target to double value addition from US$1 billion per
million bales to US$2 billion per million bales in five years
and to double textile exports from US$ 13.1 billion to US$26