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Related Keywords: energy crisis, energy projects are completed in time, high costs due to low infrastructure facilities, lack of transit agreements, missing links, newly announced trade policy, Rawalpindi Chamber of Commerce and Industry, release refunds claims of exporter, serve as a booster to export industry, South and Central Asian regions immense potential

The newly announced trade policy would serve as a booster to the existing export industry, said Rawalpindi Chamber of Commerce and Industry (RCCI) President Mian Humayun Parvez on Friday.

He said that despite immense potential, the South and Central Asian regions are among the least integrated regions of the world. It was encouraging that the government targeted key markets like Iran, China, Afghanistan and European Union.

Related Keywords: bilateral investment treaties, energy crisis, equipment for textile sector, explore investment opportunities, increase trade volume, Javier Carbajosa Sanchez, Minister of state and Board of investment, MoU with Pakistan, settle issue, sophisticated machinery, Spain boost bilateral ties, Spanish Ambassador in Pakistan, with Pakistan

Spain intends to boost bilateral ties with Pakistan, in this regard Spainish Ambassador in Pakistan Javier Carbajosa Sanchez had a meeting with Minister of State and Board of Investment (BOI) Chairman Dr Miftah Ismail to discuss and explore investment opportunities.

Sanchez said that to enhance bilateral ties it would settle issues of bilateral investment treaties and memoranda of understanding with Pakistan. Showing interest particularly in Pakistan’s wind, solar energy and tourism sectors as the country is facing immense energy crisis., he said that the

Related Keywords: energy crisis, Kanati Co., moving out of Pakistan, Pakistan, unfriendly business environment, Walt Disney, Western companies, World Bank

It is the ease of conducting business more than just the increasing cost of doing business that is forcing many western companies to drive away from Pakistan. Many companies find problems with the speed in which tasks are accomplished in Pakistan. With an energy crisis leaving many without power for hours a day and oil and gas shortages as just the tip of the iceberg; it is corruption that many are finding a problem in Pakistan.

Related Keywords: energy crisis, export target, long term initiative, Ministry of Textile Industry, new textile policy, Pakistan textile industry, Pakistan textile policy 2009-14, short term support action, Textile production, value addition, yarn production

The Pakistan Textile Policy 2009-14 has failed bleakly to achieve its target of doubling exports of the country’s textile industry. The plan comprised short-term support actions and long-term initiatives aimed at promoting value addition on a wider scale.

When the policy was unveiled, textile exports were touching $12 billion in 2009-10. Fast forward to 2012-13, the figure went up slightly at around $13 billion. However, the shipments were nowhere near the target of $25 billion.

The textile industry has an 8% share in the gross domestic product (GDP) of the country.

Related Keywords: APTMA, daily loss, energy crisis, foreign earning, international market, Punjab textile industry, shipment, trade and economic development, uncertain political crisis

All Pakistan Textile Mills Association has called the country’s current uncertain and unstable political crisis more critical than the persistent energy one. Although, the government is working to resolve the energy crisis and the law-and-order situation as priorities because energy and other problems hinder trade and economic development.

Related Keywords: althernative power solution, energy crisis, lower average cost of power, Pakistan textile industry, power issue entrepreneurs, save prodction cost, solar

With Pakistan textile industry facing energy crisis to overcome to this power issue, entrepreneurs in Punjab have step up efforts for alternative power solutions by going solar, this will lower the average cost of power that has turned the textile sector unviable.
 

Related Keywords: APTMA, energy crisis, Federal policy 2014-19, Pakistan textile industry, sales tax refunds, stalled liquidity, structural imbalance, textile growth

All Pakistan Textile Mills Association (Aptma) has urged the government to ensure uninterrupted electricity supply to textile industries and speedy processing and liquidation of sales tax refunds.
 
The textile industry’s sustainability and growth are being damaged due to constriction in energy supply and liquidity crunch, said Yasin Siddik, central chairman of Aptm.
 
Energy supply constraints have led to forced closures of production capacities to the extent of 40 to 50 percent.
 

Related Keywords: energy crisis, Paksitan textile industry

Japan has diverted its business to other textile producing countries Vietnam and Cambodia from China due to the political unrest between Beijing and Tokyo due to which Japanese textile imports from China has dropped from 86 percent to 74percent of its total purchases of $40b last year. Pakistan textile exporter from Faisalabad stand a chance as the Japan have shown keen interest on sourcing their imports from them but with the growing energy crisis faced in Pakistan, they are likely to lose this chance and would be in a position to grab big opportunities.