Textile Briefs National

1.  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.

2.  Textile companies from Pakistan are continually establishing production units in Bangladesh due to the availability of better infrastructure, cheaper utility prices, and attractive tax incentives.

3.  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 processes.

4.  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.

5.  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 investor confidence.

6.  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.

7.  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.

8.  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.

9.  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.


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