Textile Briefs National


1. Pakistani 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 training.

2. Pakistan 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 year.

3. In 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.

4. The 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.

5. The 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.

6. Pakistan 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.

7. Pakistan 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.

8. The 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.

9. Government 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 recently.

10. The 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.

 

 
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