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Related Keywords: announced that its members are ready to establish, APTMA, embroiled in for years, install half a million stitching machines, near major textile producing cities, one thousand garment manufacturing plants, resolve the crisis the industry, total investment of $7 billion, which will boost annual production to three billion pieces.

The All Pakistan Textile Mills Association (Aptma) to resolve the crisis the industry has been embroiled in for years has announced that its members are ready to establish 1,000 garment manufacturing plants with a total investment of $7 billion near major textile producing cities like Lahore, Sheikhupura, Faisalabad, Kasur, Multan, Sialkot, Rawalpindi, Karachi and Peshawar.

The proposed 1,000 plants will install half a million stitching machines, which will boost annual production to three billion pieces.

Related Keywords: 7.49 percent more cotton this season, APTMA, as against 10.685m bales in last season, cotton crop cultivation area, create new cotton seeds, high yield and pest resistance qualities, in total 11.485 million bales, lack of research and development, less cultivation area, Pakistan managed to produce, up to Feb 15

Pakistan has managed to produce in total 11.485 million bales up to Feb 15, as against 10.685m bales in last season and 7.49 percent more cotton this season (2017-18) over the corresponding period last year.

The nominal increase in cotton production is a strong indication that the crop continues to face multiple issues —including less cultivation area and lack of research and development — for the last three consecutive seasons.

Related Keywords: APTMA, expedite finalization, Minister for Commerce and Textile, Muhammad Pervaiz Malik, mulish on boosting declining textile exports, Pakistan newly appointed, PHMA, Preferential and Free Trade Agreement, process paying tax refunds, resolving traders issues, take all appropriate measures, textile exports

Pakistan’s newly appointed Minister for Commerce and Textile Muhammad Pervaiz Malik is mulish on boosting the country’s declining textile exports on priority by resolving traders’ issues. After assuming charge on August 8, Malik said that the government will take all appropriate measures to expedite the finalization of Preferential and Free Trade Agreements with various countries.

Also informed that the process of paying tax refunds to the exporters will be expedited, one of the main issues of the business community.

Related Keywords: All Pakistan Textile Mills Association, announcing closing down, APTMA, cotton prices, delay in releasing refunds, global prices, higher cost of doing business, local markets, over dull attitude of the government, slow and diminish trend, Textile mills, witnessed sharp drop

All Pakistan Textile Mills Association (APTMA) after announcing its decision that they are closing down their textile mills over dull attitude of the government, delay in releasing refunds and higher cost of doing business, the local markets witnessed sharp drop in cotton prices.

The chairman Cotton Ginners Forum, Ahsanulhaq from Rahim Yar Khan said that on the first day of trading session at cotton market, the cotton prices dropped sharply by Rs 300 to Rs 6100 per maund.

Related Keywords: All Pakistan Textile Mills Association, APTMA, before the federal budget, called for announcement of relief package, called for making indirect exports eligible under LTFF, crisis-hit textile sector, exporters on realisation of export proceeds, Khyber Pakhtunkhwa zone, payments of drawbacks on taxes, prime minister’s export-led growth package

All Pakistan Textile Mills Association (APTMA), Khyber Pakhtunkhwa zone, has called for announcement of relief package for the crisis-hit textile sector before the federal budget 2017-18.

Related Keywords: accelerate Pakistan’s textile industry, APTMA, entering into joint ventures, environmental challenges in China, high cost of doing business, invited Chinese investors, Pakistan an ideal destination, Pakistani entrepreneurs in the textile industry, relocation of Chinese textile industry, take advantage of the liberal trade and investment policies

All Pakistan Textile Mills Association (APTMA) Senior Vice Chairman Zahid Mazhar with a keen interest to accelerate Pakistan’s textile industry invited Chinese investors to take advantage of the liberal trade and investment policies in the country by entering into joint ventures with Pakistani entrepreneurs in the textile industry.

Related Keywords: APTMA, bridge the gap between production and consumption, cotton production is expected to be insufficient, import of cotton bales, largest raw cotton exporter, meet local demand, Pakistan, raw cotton, to foot a bill of around billion

Pakistan, one of the largest raw cotton exporter to bridge the gap between the production and consumption of raw cotton will have to foot a bill of around $1.58 billion for the import of 4.5 million bales (170kg each) as cotton production is expected to be around 10.54m bales in 2016-17.

Pakistan has been an importer for the last two years. Last year, Pakistan imported around 2.7m bales from India at a cost of $800m. With cotton production clocking up at 15m bales in 2014-15 and 9.5m bales in 2015-16.

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: APTMA, enhance trade volume, explore investment opportunities in Pakistan, explore Pakistani potential, FCCi, inked six MoU, Italian Foreign Trade Association, Italian Ministry of Economic Development, Pakistan Italy Investment and Business Forum, PHMA, PRGMEA, promotion of bilateral commerce and trade, Punjab Board of Investment and Trade

Italian Ministry of Economic Development, Ivan Scalfarotto during his visit of 60 member delegation has inked with the Punjab Board of Investment and Trade (PBIT) six Memorandum of Understandings (MoU for promotion of bilateral commerce and trade between the two nations.

The Italian Textile Manufacturing Association signed three separate MoUs with All Pakistan Textile Mills Association (APTMA), Pakistan Hosiery Manufacturing Association (PHMA), and Pakistan Readymade Garment Manufacturer and Exporters Association (PRGMEA).

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.