Textile Briefs National


1.   The country’s knitwear apparel textile has shown significant growth as knitted garments’ export during first 10 months of the financial year from July 2018 to April 2019 has registered an increase of 8.76% to US$2.39 billion against US$ 2.20 billion of the same period of last year.

2.   Pakistan’s textile industry has started preparing a policy framework to achieve an export target of $50 billion in five years. This will attract huge investments and generate direct employment for 15 million people.

3.   The Ministry of textiles has so far paid Rs 52.5 billion to the local textile industry under Prime Minister’s Exports Enhancement Package since July 2017, to help boost exports from the country, said senior official in the ministry.

4.   The special committee on agricultural products of National Assembly (NA) decided to introduce a resolution to consider placing import duty of 10%-15% on cotton. A meeting chaired by assembly speaker Asad Qaiser instructed authorities to determine the feasibility of the suggested increase in import duty, which is zero at present.

5.   The advisor to Prime Minister on Commerce, Textile and Industry, said that all possible resources would be utilized for the revival of the cotton sector and efforts were underway to enhance cotton production and achieve 15 million cotton bales' target set for next year.

6.   The Saudi investors and businessmen have shown their keen interest in importing traditional and world-class handmade carpets, apparel, and chemical products from Pakistan, underlining the need for further enhancing collaboration with the Pakistan industry.

7.   The textile exports remained flat at US$ 11.1 billion in the first 10 months of the current fiscal year of 2018-19 over the corresponding period a year earlier, but value-added sector showed some improvement during the period owing to the government’s measures, including rupee devaluation, to boost outbound shipments.

8.   The PRGMEA recently urged the government to take steps to make the value-added textile industry competitive and vibrant in the international market. Special attention should be paid to establish sector-wise central, provincial and regional task forces.

9.   The government has decided to take back the energy package (RLNG at $6.5 per MMBTU, and electricity at 7.5 cents per unit) earlier extended to zero-rated sector till June 30, 2019.

 

 
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