Textile Briefs National


1.  The country’s cotton output faces a shortfall of 0.664 million bales or 26.41 percent compared to the same period last year. The Pakistan Cotton Ginners’ Association (PCGA) Chairman said the promised incentives to cotton growers were never released by the government regarding achieving higher cotton production targets.

2.  Textile group exports saw very little growth of 2.30% in the first two months of the current fiscal year vis-à-vis the figures from the same period last year, largely due to the sluggish economy. According to the Pakistan Bureau of Statistics- (PBS) that different textile products worth US$ 2.215 billion were exported during July-August 2019-20, as against US$ 2.303 billion exported in the same period of the fiscal year 2018-19.

3.  The All Pakistan Textile Mills Association (APTMA) Punjab Chairman Adil Bashir has said that the textile industry is ready for adopting renewable (solar hybrid) energy solutions to deal with sustainability and competitiveness issues. While pointing out the energy affordability issue of Punjab-based industry, he emphasized the importance of energy in the whole energy mix of industry and stated that its share has become more than 35-40% in total conversion cost in the basic textiles, i.e., spinning and weaving.

4.  The All Pakistan Textile Mills Association (Aptma) urged the government to withdraw 3 percent regulatory duty, 2pc additional customs duty and 5pc sales tax on import of raw cotton. In a statement, Chairman APTMA said that with high upfront costs, the textile industry would not be able to fulfill its export commitments.

5.  The government is taking all steps to attract foreign and domestic investment for new plants and operationalization of sick units of the textile sector on a competitive basis, said Adviser to Prime Minister on Commerce, Textile, Industries, and Production Abdul Razak Dawood.

6.  Pakistan Readymade Garment Manufacturers and Exporters Association (PRGMEA) in collaboration with International Apparel Federation (IAF) will host the 35th World Fashion Convention for the first time in Lahore in November 2019. PRGMEA Chief Coordinator Ijaz Khokhar said that mega fashion show expected to attract delegates from over 45 countries.

 

 
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