Textile Briefs National


1.  The cotton production in Pakistan has plunged 34% to 5.57 million bales (of 155 kg per bale) in the current fiscal year 2020-21 compared to the same period of last year. This output was in line with the full-year production estimated at a four-decade low in the ongoing year.

2.  The Chinese Ambassador to Pakistan Nong Rong has said that the startling success of Challenge Textile Factory with the Chinese investment of $60 million has paved the way for numerous investments under CPEC.

3.  Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has called for the final approval of the new textile policy 2020-25 by the Economic Coordination Committee (ECC) of the Cabinet as it is vital for new investment and marketing plan in this major export-oriented sector.

4.  The July-February figures showed that growth in textile and clothing exports came from the value-added sector. The value of exports reached US$ 9.99 billion in the July-Feb period this year as against US$ 9.37 billion over the corresponding months of last year, showing a growth of 6.69%.

5.  Exporters are demanding that the textile industry should be provided electricity at 7.5 cents per unit for five years and the subsidy issue should be resolved between the Power Division, Petroleum Division and Finance Division but not through additional DLTL on gas and electricity.

6.  The Khyber Pakhtunkhwa Textile Mills Association (KPTMA) has rejected the decision of the federal cabinet committee on energy (CCoE) to place a moratorium on the supply of gas to textile units for self-generation of electricity.

7.  The government has withdrawn a 5% regulatory duty (RD) on the import of cotton yarn. The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said the move would greatly support the textile sector and contribute to economic stability.

8.  German Consul General Holger Ziegeler has advised Pakistan to pivot from traditional exports and promote high value-addition by utilising human capital and developing industries.

9.  Sapphire Textile Mills and Britain-based Carrington Textiles have formed a joint venture in Pakistan – Carrington Textiles International, with new textile dyeing and finishing operations in Lahore that would provide up to 20 million meters a year of dyed and grey fabric.

 

 
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