Textile Briefs National

1. Textile group exports during the first four months of the current financial year increased by 4.10 percent. During the period from July-October, 2019-20, textile products worth over the US $ 4.586 billion exported as against the exports of US $ 4.406 billion of the same period last year.

2.  Muhammad Pervez Lala, Chairman All Pakistan Textile Processing Mills Association (APTPMA) has said that a huge amount of sales tax refunds of the textile industry have been stuck due to a complicated refund system.

3. As the textile industry is facing power supply disconnections due to differences with respective power distribution companies (DISCOs) across the province, the All Pakistan Textile Mills Association (APTMA) leadership has called for re-connections of electricity supply to the textile mills at the committed tariff of 7.5 cents per kWh to the export-oriented industry. The leadership addressed a press conference at the APTMA Punjab office recently.

4.  Special Assistant to Prime Minister on Information and Broadcasting Dr. Firdous Ashiq Awan has said that with the implementation of Phase-II of China Pakistan Free Trade Agreement (CPFTA) Pakistani traders would get a chance to export 313 new products to Chinese markets.

5.  Poland Ambassador to Pakistan, Piotr A. Opalinski has said that his country wanted to further enhance bilateral trade with Pakistan as both countries have good potential to conduct trade in many items with each other. He was addressing the business community during his visit to Islamabad Chamber of Commerce & Industry.

6.  The value-added textile sector has opposed the merger of commerce and textile divisions citing that it will affect the overall performance of the sector. A statement jointly issued by Council of All Pakistan Textile Mills Associations Chairman Muhammad Zubair Motiwala and other textile industry stakeholders urged Prime Minister Imran Khan to withdraw the decision of merging commerce and textile divisions as it would damage the sector.

7.  In the first quarter of the current fiscal year, textile exports fetched US$ 3.3 billion. In the best-case scenario, the country can end the year in June 2020 with $13.8 billion in textile earnings, up from US$ 13.3 billion in FY19.


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