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.
Pakistan’s textile industry has started preparing a policy
framework to achieve an export target of $50 billion in five
years. This will attract huge investments and generate direct
employment for 15 million people.
The Ministry of textiles has so far paid Rs 52.5 billion to the
local textile industry under Prime Minister’s Exports
Enhancement Package since July 2017, to help boost exports from
the country, said senior official in the ministry.
The special committee on agricultural products of National
Assembly (NA) decided to introduce a resolution to consider
placing import duty of 10%-15% on cotton. A meeting chaired by
assembly speaker Asad Qaiser instructed authorities to determine
the feasibility of the suggested increase in import duty, which
is zero at present.
The advisor to Prime Minister on Commerce, Textile and Industry,
said that all possible resources would be utilized for the
revival of the cotton sector and efforts were underway to
enhance cotton production and achieve 15 million cotton bales'
target set for next year.
The Saudi investors and businessmen have shown their keen
interest in importing traditional and world-class handmade
carpets, apparel, and chemical products from Pakistan,
underlining the need for further enhancing collaboration with
the Pakistan industry.
The textile exports remained flat at US$ 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
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
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.