Textile Briefs National


1.  According to World Bank officials the tax system should be predictable and responsive to the needs of the private sector. The tax authorities need to realize that two-thirds of imports are inputs for the manufacturing sector and therefore tariffs on inputs should be lowered.

2.  According to a report released by Intermarket Securities (IMS), Pakistan’s textile exports may only fall by 5-10% in the 2021 financial year rather than the 20% or more that was predicted earlier. The report said the coronavirus pandemic and its socio-economic impacts have led to the worst global crisis since the financial crisis of 2008-09.

3.  The Towel Manufacturers Association of Pakistan has urged the government not to impose debt servicing surcharge on the industry, especially on the export-oriented sector, as the textile industry is already facing a financial problem.

4.  Ijaz Khokhar, who is also the Regional President of International Apparel Federation (IAF), said that owing to Covid-19 all trade shows are canceled, so marketing trends have now moved to Digital Exhibitions.

5.  The cotton sector which is playing a very important part in the economy and providing jobs to millions should no more be ignored. Mian Zahid Hussain said that cotton production is declining since the last few years and the production for the current year will be eight million bales against the target of 15 million bales.

6.  The PHMA official demanded that the government review its decision and restore zero-rating on GST, no payment no refund system, for the textile sector or reduce GST from 17% to 4%.

7.  All Pakistan Textile Mills Association’s (APTMA) Punjab unit Chairman Adil Bashir recently said frequent power outages, inadequate supply of gas, and extremely low gas pressure are posing a serious problem for the manufacturing units in the province.

8.  Protective masks, everyday masks, disinfecting wipes, and surgical gowns are goods in demand in times of COVID-19. In their manufacture, textile machines are at the beginning of the production chain.

9.  All Pakistan Textile Mills Association (APTMA) wrote a letter to Secretary Petroleum Mian Asad Hayauddin informing about the gloomy picture of gas availability, saying that COVID-19 had adversely impacted textile exports, but the industry is on the way to recovery and unless it is unable to meet the export order deadlines.

 

 
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