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Related Keywords: Abbas Khan Afridi, federal minister for textile, forthcoming textile policy, Pakistan textile sector, Small and Medium enterprises, SME sector, UNISAME

The small and Medium Enterprises (SME) textile sector is the majority sector and plays an important part in the economy of Pakistan. Hence the Union of Small and Medium Enterprises (UNISAME) has urged the federal minister for textiles and industries Abbas Khan Afridi to sharpen the forthcoming textile policy to facilitate the SME sector and address the issues of the majority sector conscientiously.

Related Keywords: Abbas Khan Afridi, cotton farmers, cotton yarn imports, ECC, Minister for textile and industry, Pakistan cotton industry, TCP, textile package

The Pakistan government has announced Rs 3,000 per 40 kilograms support price of cotton. This was informed by Minister for Textile and Industry Abbas Khan Afridi on Wednesday at the National Assembly.

Also, Trading Corporation of Pakistan (TCP) has been directed to purchase the cotton from the farmers. The Minister said that the government was committed to protect the interest of the farmers and TCP had started to purchase cotton from the farmers.

Related Keywords: Abbas Khan Afridi, Economic Coordination Committee, Federal textile board, GSP Plus scheme, MINTEX, multi-pronged strategy, Pakistan Central Cotton Committee, Pakistan textile policy, textile business community, textile cess, textile exports

The Secretary Ministry of Textile Industry (MINTEX) at the first meeting of Federal Textile Board held on Monday after its reconstitution in July 2014 chairing by Minister for Textile Industry Abbas Khan Afridi announced that the Pakistan’s textile policy would be presented in the next Economic Coordination Committee (ECC) of the Cabinet meeting also restructuring of Pakistan Central Cotton Committee (PCCC) was also on cards.

Related Keywords: Abbas Khan Afridi, business centre, export incentive, Pakistan textile industry, textile export, Textile Minister, textile policy

Pakistan textile exports which presently stand at $13 billion likely to see a boost with the implementation of textile policy. The textile policy is likely to be announced in the second week of July. Subsequent to the implementation of textile policy the people will see rapid growth in textile sector of the country and there will be an increase of at least $1 billion in the first year and $2 billion from the second year.