FIEDMC Chairman Mian Kashif Ashfaq said there was a vast scope
of enhancing Pak-German bilateral trade relations whereas German
investors were also taking keen interest to invest in various
sectors in Pakistan especially in FIEDMC.
Textile companies from Pakistan are continually establishing
production units in Bangladesh due to the availability of better
infrastructure, cheaper utility prices, and attractive tax
Chairman PTEA Khurram Mukhtar has said that owing to delay in
payment of tax refunds, industrialists are facing severe
liquidity issues that are causing a slowdown in their production
PRGMEA has welcomed the European Union's decision to retain
Pakistan’s GSP plus status for another two years and stressed
for aggressive marketing to enhance exports to the EU countries.
Pakistan’s continuous struggle for an increase in exports is
often marred by inconsistent government policies, mostly about
taxes. Export-oriented sectors have faced an increase in power
tariff by 35%, impacting industries’ competitiveness and
According to government reports, Pakistan’s share is 1.6% in the
world textile trade. Efforts are on to increase this to 3% by
2025. The potential of home-grown cotton will be fully utilized
augmented by manmade fiber/filament to boost value-added exports
and become a major player in the global textile supply chain.
Boosting apparel exports is the only option left for Pakistan in
textiles, as it stands no chance in substantially increasing its
yarn and fabric exports simply because most of its competitors’
have better and efficient basic textile technologies.
PHMA and PRGMEA are satisfied with the government’s decision to
supply electricity at a regionally competitive rate of 7.5 cents
per kWh and gas at 6.5 dollars per million British thermal units
(MMBTU) to the export sector. They feel the decision will
significantly boost value-added textile exports, according to
Pakistani media reports.
A variety of cotton produced by Central Cotton Research
Institute (CCRI) tops in Punjab and KPK whereas clinched second
position across the country results declared by Pakistan Central
Cotton Committee research showed.