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Related Keywords: approve a textile package, China Electrical and Mechanical Machinery Expo, ECC, explore possibilities of joint ventures, Federal Trade and Commerce Minister Pervaiz Malik, gas tariff is minimal, Pakistan machinery manufacturers, Pakistan’s Economic Coordination Committee, partnerships, textile industry is the country’s largest industry

Pakistan’s Economic Coordination Committee (ECC) at it upcoming meeting will be approving a textile package as the textile industry is the country’s largest industry, said Federal Trade and Commerce Minister Pervaiz Malik.

Malik at the China Electrical and Mechanical Machinery Expo 2017 held at the Lahore Expo Centre on Saturday, insisted that the recent hike in gas tariff is minimal and it would not cause harm to the industrial sector.

Related Keywords: ECC, financial package over Rs80 billion, improve fiber and product mix, new textile policy, Pakistan Ministry of Textile industry

The Pakistan Ministry of Textile Industry during a meeting with the Economic Coordination Committee (ECC) held on October 30 on the new proposed five year textile policy 2014-19 has put forward a strong case for a financial package of over Rs80 billion give a 100% boost to exports and strengthen the overall economy.

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: cotton yarn import, ECC, Pakistan textile industry, textile export

The Economic Coordination Committee (ECC) of the Cabinet, which met under the Chairmanship of the Federal Minister for Finance Mohammad Ishaq Dar last week, has decided to withdraw SRO 15(I)/2010, which exempted cotton yarn import from custom duty of 5 percent, in order to check import of cotton yarn.

The value added textile, which contributes around 80 percent to Pakistan’s overall textile exports, has expressed disappointment on the withdrawal of the duty exemption on cotton yarn import as it would negatively affect the export of value-added textiles from Pakistan.