1. Cotton output in
Pakistan during 2018-19 seasons has already surpassed the total
amount produced in the previous season. Ginneries in Pakistan
have received 10.707 million bales of cotton by March 1, 2019,
compared to the total arrival of 10.366 million bales in the
previous season, according to the Pakistan Cotton Ginners'
from Milan have asked textile exporters to become a part of
Milan Fashion Week 2019. Italian designer Stella Jean visited
Faisalabad’s textile factories and showed their interest in
working with Pakistani fabric.
Patron-in-Chief Gohar Ejaz urged the government to constitute a
task force on cotton production to achieve 15 million bales and
ensure its enhancement, sustainability, acquisition of high
yield cotton technology, and provision of agricultural extension
4. The value
added textile segments particularly knitwear and readymade
garments saw an increase of 16% and 10% respectively in Jan-19
on a year-on-year basis. The volume growth was also impressive,
with knitwear showing an increase of 36% in quantity.
Saleem, Chairman of Nishat Chunian Group highlighted the
severity of the problem which has left textile companies in a
liquidity crunch. Other industry stakeholders echo this
sentiment and give the shut-down of over 100 textile companies
as evidence of the liquidity issues due to a failure by
successive governments to address these issues.
6. The All
Pakistan Textile Mills Association (APTMA) Chairman Syed Ali
Ahsan has said that a competitive and viable domestic textile
industry is in the larger interest of the textile sector across
the value chain.
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. He
said all available resources would be mobilized in collaboration
with provinces to achieve the set target of 15 million bales
cotton production next year.
textile and clothing exports recorded 9.47% year-on-year decline
to $1.088 billion in March 2019, taking the nine-month
(July-March FY19) exports to $9.99 billion, as higher cost of
doing business and economic uncertainty kept the industry under