Economic Coordination Committee (ECC) recently approved import
of cotton from Afghanistan and central Asian countries through
the land route to meet its shortfall in the textile sector.
The Pakistan Textile Exporters Association (PTEA) has demanded
immediate release of outstanding duty drawback of taxes (DDT)
claims to enhance exports. PTEA Chairman Khurram Mukhtar said
the cash crunch had squeezed the financial stream, making it
tough for exporters to meet commitments.
Central Cotton Research Institute’s (CCRI) variety Bt CIM-632
received the commercial license recently and farmers can now
cultivate this variety to increase production. The license was
issued by the Punjab Seed Council. The variety was tested by
CCRI for two years and approved by the National Coordinated
Varietal Trial (NCVT), a national level forum of scientists.
The All Pakistan Textile Mills Association (APTMA) has urged the
government to ensure low cost of inputs to cotton farmers,
implement a law relating to zoning system. This will ensure a
quick supply of quality cotton seed and extension services to
Archroma Pakistan, a global leader in colour and specialty
chemicals was granted the award in recognition of Archroma’s
best practice in human resource management, ethical marketing
management, and corporate social responsibility. Archroma always
strives to maintain the highest standards in occupational safety
and health fostering environmental protection through recycling
Islamabad Chamber of Small Traders said troubled Pakistani
textile industry considered as the backbone of the export sector
is facing new challenges which should be dealt with promptly.
The textile industry crumbling under high energy prices, stuck
up refunds and tight monetary policy is facing tough competition
from India, Bangladesh, Vietnam, Thailand and other countries in
the international market.
Textile exports remained flat at $5.506 billion during the first
five months of the current fiscal year of 2018-19 as the
value-added sector couldn’t perform up to the mark despite
constant rupee devaluation against the US dollar.
Pakistan’s cotton production can be raised up to 15 million
bales if the Cotton Control Act is properly implemented, said
Haji Muhammad Akram, Chairman of Pakistan Cotton Ginners
Association (PCGA). He said Cotton production would be around
11.5-12 million bales this year with production in Punjab
expected to rise and that in Sindh likely to fall.