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Pakistan textile, clothing products exports recorded over 7pc growth

Related Keywords: cash subsidy, current fiscal year, during four months July to October, exports enhancement package, offered under the prime minister, Pakistan textile and clothing products, recorded over 7 percent growth in exports

Pakistan’s textile and clothing products due to the cash subsidy offered under the prime minister’s exports enhancement package recorded over 7 percent growth in exports during four months (July-October) of the current fiscal year.

Textile and clothing products exports worth $4.4 billion took place during July-October period of the year 2017-18 as against $4.1 billion of the corresponding period of the previous year, according to the Pakistan Bureau of Statistics (PBS).

Incentive announced for textile sector to boost exports

Related Keywords: boost exports, cash subsidy, duty exemption on plants and machinery, incentive package carries, long term loan, number of exogenous and indigenous factors, Pakistan textile policy, remained stagnant, special DBK, textile and clothing sector, textile sector in Pakistan

The textile sector in Pakistan had remained stagnant over the last decade due to a number of exogenous and indigenous factors. Under the Pakistan textile policy (2015-19), incentive of Rs 64.15 billion cash subsidy to the textile and clothing sector has been announced which would boost the exports to $ 26 billion by 2019. The incentive package carries special duty-drawback rates, duty exemption on plants and machinery and subsidy on long-term loans.

Textile and clothing sector to get Rs.64.15 incentives to boost exports to $26 bn by 2019

Related Keywords: cash subsidy, cotton to ginning, dyeing and finishing made ups and garments, important manufacturing sector, inherent potential for value addition, longest production chain, Pakistan textile industry, provide incentives, spinning fabric, textile policy, to boost exports

The Pakistan textile industry is the most important manufacturing sector having longest production chain with inherent potential for value addition at each stage of processing, from cotton to ginning, spinning, fabric, dyeing and finishing, made -ups and garments. Under the textile policy, incentive of Rs. 64.15 billion cash subsidy to textile and clothing sector will be provided to boost exports to $ 26 billion by 2019.

PJMA urges govt to promote eco and human friendly packaging in jute bags

Related Keywords: cash subsidy, eco friendly packaging, food grain packaging, jute good exports, jute sack, natural fibre, Pakistan jute sector, PJMA, recycling, storage

Pakistan Jute Mills Association (PJMA) has urged the government of Pakistan to follow the measures adopted by Bangladesh government to support its Jute sack Industry. Pakistan’s government has been frequently neglecting the jute sector, which was supporting more than 125,000 people directly and indirectly.

Pakistan Jute Mills Association (PJMA) Secretary General Mohammad Younus pointed out that Bangladesh’s Appellate Division of the Supreme Court had supported their government’s decision to make use of jute bags necessary for rice packaging.

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