Textile Briefs National


1. China has agreed to increase its imports from Pakistan to US$ 2.2 billion by end of 2018-19 from the existing level of US$ 1.2 billion and to US$3.2 billion by end of next fiscal year, said Adviser to Prime Minister on Commerce, Industry and Investment Abdul Razak Dawood.

2. China has agreed to increase its imports from Pakistan to US$ 2.2 billion by end of 2018-19 from the existing level of US$ 1.2 billion and to US$3.2 billion by end of next fiscal year, said Adviser to Prime Minister on Commerce, Industry and Investment Abdul Razak Dawood.

3. Federal Board of Revenue (FBR) has started receiving live transactions of sales of finished articles of textile and leather. The eligible persons integrating or having already integrated their systems with the FBR can now avail reduced rate of 6% on their sales as announced by the Federal Government, according to FBR statement.

4. The Pakistan Hosiery Manufacturers Association (PHMA) recently urged the government to direct its embassies and missions abroad to counter the ‘propaganda’ against the country’s textile industry, which constitutes more than 60% of total exports.

5. Pakistan’s exports to China amounted to US$ 1.75 billion in the fiscal year of 2017-18, while imports from China were recorded at US$ 11.5 billion, resulting in trade deficit of US$ 9.75 billion.

6. In a recent paper by (Aptma) to the textile ministry, China’s domestic textiles and clothing market is estimated to be US$ 500 billion. Pakistani textile exports only 3% of their textile and clothing, showed a huge potential.

7. During the last six months of the present fiscal year, Pakistan’s knitwear garments exports have shown growth of 10.5% and stand on top in the textile group and other sectors, said Muhammad Jawed Bilwani, Central Chairman of Pakistan Hosiery Manufacturers and Exporters Association (PHMA).

8. Pakistan has invited enterprises of the Nigerian textile industry to participate in the second edition of its international textile exhibition in Lahore in April,2019 according to Tahir Abbas, Commercial Secretary at the Pakistan Mission in Nigeria.

9. The textile industry wants Prime Minister Imran Khan to convince China’s leadership in his upcoming tour to set up a special credit line of US$ 5 billion for fresh investments and joint ventures between the manufacturers of the two countries.

 

 
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