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Related Keywords: against requirement, All Pakistan Textile Mills Association, APTMA, bear the additional burden, compete in export market, countries with lower cost of raw cotton, likely to remain low this year, Local crop of Sindh-Balochistan zone, raw cotton, seeks immediate withdrawal four percent import duty, Textile Industry, without import incidential

As the local crop of Sindh-Balochistan zone is likely to remain low this year to 11.25 million bales against the requirement of 14.5 million bales. The All Pakistan Textile Mills Association (APTMA) seeks immediate withdrawal of four percent import duty on raw cotton by the government.

Related Keywords: All Pakistan Textile Mills Association, announced weekly sit-in on every Tuesday, APTMA, destroying local industry, electricity prices, impose a ban on trade from India, Indian textile products, industry demands for the textile package, outside APTMA Punjab office, Pakistan textile exports declined, solve the issue of disparity of gas

The All Pakistan Textile Mills Association (APTMA) has announced a weekly sit-in on every Tuesday outside the APTMA Punjab office from December 6, until the industry demands for the textile package are not considered by the government. As the textile package which help bring the industry out of crisis and also to solve the issue of disparity of gas and electricity prices between Punjab and other provinces.

Related Keywords: All Pakistan Textile Mills Association, DLTL scheme, government declaring zero rated tax regime, levies, lose markets internationally, make exports costlier, Pakistan textile industry, presumptive taxes, regional competitors, substantial drop in textile exports, surcharges and cess, Textile exporters, various taxes

The Pakistan textile industry likely to lose markets internationally despite government declaring zero rated tax regime, because of various taxes, levies, presumptive taxes, surcharges and cess, makes the exports 10 to 15 percent costlier against the regional competitors.

Pakistan's exports have come down by 12 percent against over $13 billion last fiscal year due to the incidentals of various taxes, levies and surcharges.

Related Keywords: All Pakistan Textile Mills Association, closure of textile mills, cost of doing business in Pakistan, cotton arrival in Pakistan, gas supply in Pakistan, Punjab’s textile mills, textile industry of Pakistan

All Pakistan Textile Mills Association (APTMA) Punjab Chairman Aamir Fayyaz stated on Monday that around 450 units of spinning, weaving and processing were being supplied gas just for four hours a day, which now has been halted completely.

Sui Northern Gas Pipelines Limited (SNGPL) has suspended gas supply to Punjab’s textile mills indefinitely, the factory owners association said.

Related Keywords: All Pakistan Textile Mills Association, import duty on PSF, import duty on viscose, Manmade fibre in Pakistan, textile import duty in Pakistan

The All Pakistan Textile Mills Association has urged the government to bring the import duty on polyester staple fibre down to zero. According to a press release, association’s acting chairman Wisal Monnoo stated that imports of all kind of specialty fibres including acrylic should be allowed at zero per cent import duty helping the industry to widen its product base.

Currently, 6 per cent customs duty and import incidental together with local PSF manufacturers’ margin make PSF available at around 20 per cent price differential.

Related Keywords: All Pakistan Textile Mills Association, APTMA, chairman S M Tanveer, fresh investment in textile, Pakistan Textile Policy 2014-19, Technology Upgradation Fund Scheme, textile industry in Pakistan

As the Pakistan federal government withheld the notifications of initiatives under the Textile Policy 2014-19 to avail of the terms of Technology Upgradation Fund Scheme (TUFS), the All Pakistan Textile Mills Association (Aptma) has lamented the delay, citing that it is hindering the industry from undertaking BMR and fresh investment initiatives for the textile industry.

Related Keywords: All Pakistan Textile Mills Association, bring down inflation rate, interest rate cut, LCCI, longstanding demand, Pakistan textile industry, State Bank of Pakistan, stimulate private sector growth

The longstanding demand of the Lahore Chamber of Commerce and Industry (LCCI) that the mark-up rate should be at the lowest to provide some breathing space to industries has been taken care of with the State Bank of Pakistan’s (SBP) decision to cut the interest rate by 100 basis points – from 9.5% to 8.5% which will not only help stimulate private sector growth but also bring down the inflation rate according to them.

Related Keywords: aggressive Indian marketing, All Pakistan Textile Mills Association, APTMA, India to Pakistan, international textile arena, massive subsidies, Ministry of Textile Industry, yarn import

All Pakistan Textile Mills Association (APTMA) has approached the Ministry of Textile Industry to take consequent and reciprocal measures by providing level playing field to compete with the international market place and immediately impose safeguard measures on import of Indian yarn into Pakistani commerce to stop the attrition of competitiveness of domestic textile industry.

Related Keywords: All Pakistan Textile Mills Association, APTMA, APTMA chairman Yasin Siddique, india Pakistan trade, non tariff barriers, NTB

In order to boost bilateral trade between the two neighbouring countries, the All Pakistan Textile Mills Association (APTMA) chairman Yasin Siddique has urged the Indian authorities to remove non-tariff barriers (NTBs) . Yasin, while speaking to visiting Indian journalists at APTMA house said, "We are in favour of promotion of trade with regional countries, especially with our neighbours to ensure peace, prosperity and economic revival".

Related Keywords: All Pakistan Textile Mills Association, APTMA, Chairman S M Tanveerm, textile export from Pakistan, Textiles in Pakistan

The All Pakistan Textile Mills Association (APTMA) has warned the government that the survival of textile industry would be at stake if gas supply is suspended to the Punjab industries.

The Punjab Chairman S M Tanveerm stated that the country could face a loss of over US$2 billion exports and urged the government to keep a check on the fast depleting foreign exchange reserves and the depreciating currency. He also urged the government to provide uninterrupted gas and electricity supplies to the Punjab-based textile industry, thereby enabling it to perform to its full potential.