Textile Briefs National

1.  Advisor to PM Abdul Razak Dawood has said the present government is working on a textile policy to achieve growth and business targets. The textile policy would be announced in the next some weeks. The focus has been given to agriculture and industrial sectors through CPEC projects.

2.  According to the business community, the textile sector is facing a shortage of raw materials as import consignments are stuck at Chinese ports and prices of locally available goods have shot up. Pakistan’s textile sector relies on imports to meet around 70 percent of its input needs.

3.  PRGMEA North Zone, Chairman Sohail Afzal has said that the value-added garments sector of the textile industry showed 3.03 percent growth in 2018-19 despite various challenges. He added that exporters should focus on market research and market their products.

4.  The Pakistani government recently decided to give autonomy to the Pakistan Central Cotton Committee (PCCC) by restructuring it through effective private-sector representation. The target is to strengthen research in the cotton sector.

5.  APTMA Punjab Chairman Adil Bashir has urged PM Imran Khan and relevant authorities to review the decision of add-ons/surcharges increasing power tariff to 70 percent retrospectively for the export-oriented industry. He said that the decision could lead to the closure of mills that would render hundreds and thousands of workers jobless.

6.  Minister of State for Parliamentary Affairs Ali Muhammad Khan informed the National Assembly that Prime Minister Emergency Programme is being launched to enhance cotton production in the country. In which new seed varieties will be provided to the farmers to enhance the productivity of the cotton crop. He said incentives will also be given to the farmers to woo them for cotton cultivation.

7.  Prime Minister Imran Khan has said the cotton crop has played an important role in the national economy and has given directives for amending the Seed Act and reconstituting the cotton committee immediately.

8.  Pakistan’s textile exports have recorded growth of 3.94% in the first six months (July to December) of the on-going financial year (FY2019-20) mainly due to cash support to various sectors and currency depreciation.

9.  The second phase of the China-Pakistan Free Trade Agreement (CPFTA) became fully operational from January 1, 2020. The free trade agreement will eliminate tariffs on hundreds of products, a move that is expected to provide a billion-dollar boost to bilateral trade. It will waive or ease 75% of tariffs imposed by each country for over 15 years.


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