and Chinese experts have recently agreed to develop a Textile
Cooperation Framework under China Pakistan Economic Corridor (CPEC)
to enhance readymade garments, man-made fiber and textile skill
recently waived all duties and taxes on import of cotton and
allowed its import via the Torkham land border from Afghanistan
and Central Asia to meet the demand of the value added textile
sector. The decision will be effective from January 15 this
a meeting to review cotton policy and cultivation in the
country, Prime Minister Imran Khan issued directions to the
ministries of finance, national food security, and commerce
division to give proposals on fixing the support price of
cotton. He added that production of cotton crops played an
important role in the national economy.
Cotton Crop Assessment Committee (CCAC) recently estimated local
crop output season at 9.451 million bales as against the set
production targets of 12m bales.
draft of Pakistan Textile Policy for 2020-25 with a four tier
strategy and 21 recommendations is all set to be pitched any
time before the ECC (Economic Coordination Committee) for
approval. It will try to increase the country’s textile exports
target by 2025 to $25.3 billion and $50 billion by 2030. It was
$13.33 billion in 2018.
textile industrialists are willing to invest $5 billion in the
sector as China is pulling out of textiles, informed Group
Leader All Pakistan Textile Mills Association (APTMA) Gohar Ejaz.
He said that the only industry working in Pakistan at the moment
is the textile industry.
needs to apply new technology and benefit from the Chinese
experience to enhance its cotton production, says a Chinese
expert Cheng Xizhong. He said cotton growers had to switch to
alternative crops for survival because they can hardly afford
the present production cost.
Pakistan government has reiterated to continue with the
provision of electricity to the textile industry at the
concessional rate of 7.5 cents per unit; however, they will be
liable to quarterly adjustments and other chargeable rates.
has settled Rs17.6 billion worth of claims on account of duty
drawback of taxes and drawback of local taxes and levies pending
for over a decade to textile exporters, commerce secretary said
Ministry of Commerce has informed the National Assembly that as
a result of the Generalized Scheme of Preferences (GSP+),
Pakistan’s garments exports to European Union (EU) had increased
from $6.87 billion in 2013 to $7.98 billion in 2018.