1. As per the United States Department of Agriculture, Pakistan
is no longer the fourth largest producer of cotton as Brazil has
recently overtaken it.
2. During the past two years Pakistan have
steep plunge in imports of textile machinery once again. Textile
machinery imports for FY18 clocked in at $325 million which is
the lowest since the bottom of $252 million in FY09.
3. Textile sector recorded the highest amount
of non-performing loans (NPLs) at Rs185.6 billion in 2QCY18 with
an infection ratio of 18.9%, reported the State Bank of Pakistan
in Statistical Bulletin-December 2018.
4. US-based Tukatech opened three computer
design labs in October for digital pattern, textile, and apparel
design, including 50 TUKAcad stations for digital pattern-making
and several TUKA3D stations for virtual sample-making at the
National Textile University (NTU) in Faisalabad.
5. Federal Minister for National Food
Security and Research Sahibzada Muhammad Mehboob Sultan said
that a long-term strategy is being devised to meet the needs of
textile industry in the country. The minister in a statement
said all available resources would be mobilized in collaboration
with provinces to achieve the set target of 15 million bales
cotton production next year.
6. The All Pakistan Textile Mills Association
(APTMA) urged the government to settle more than Rs 100 billion
in outstanding sales tax refunds that have resulted in a serious
liquidity crunch for manufacturers and exporters.
7. Organic cotton cultivated in Pakistan,
primarily in Balochistan, will be certified by global agencies
from next year, the World Wildlife Fund-Pakistan (WWF-P) and the
Karachi Cotton Association (KCA) announced in February.
8. State Bank of Pakistan (SBP) in a recent
report observed that with adequate availability of raw materials
in the country, Pakistan could have excelled in global synthetic
textiles market such as Vietnam, Bangladesh, and Cambodia, which
are leading exporters of synthetic textiles following China.
9. Chief coordinator Pakistan Readymade
Garments Manufacturers and Exporters Association (PRGMEA) Ijaz
A. Khokhar urged upon the government to take effective steps for
making the value-added textile industry competitive and vibrant
in global market.
10. As the tariff war between China and the
United States has not eased, Pakistan’s textile industry is
likely to get higher orders from US importers. Pakistan’s
textile industry is receiving a large number of import queries
from the US.