News Tags

Related Keywords: business concil, garment sector, GSP Plus status, Pakistan textile sector, Quaid-e-Azam Apparel Park, six working groups, special incentives

Pakistan government is taking comprehensive measures for further development of its garment and textile sector to boost exports. One of the measures is that the government has formed six working groups for the development of garments and textile sectors. The textile and garment sectors are offered more facilities to gain maximum benefit from GSP Plus status as well as creating new job opportunities in the country and increasing exports, this was stated by the Punjab Chief Minister Muhammad Shahbaz Sharif Friday.

Related Keywords: GSP Plus status, Pakistan textile industry

Pakistan gets backing from Germany in the GSP plus status. The German Ambassador, Dr Cyrill Nunn said that more cooperation between Germany and Pakistan can be ensured by removing hurdles in export credit guarantee, security situation, vocational training for skill development, energy supplies and implementation of social compliances by Pakistan.

The 30 percent increase in textile export orders in Heimtextile to Pakistan is an encouraging sign so far as the GSP plus facility for Pakistan is concerned.

Related Keywords: GSP Plus status, Pakistan textile industry, Textile exporter

Pakistan textile exporters have started picking up benefits by shipping consignments under the GSP plus arrangement. The routine business with the EU has started gaining momentum and actual benefit of the scheme will get clear by next six months.

Related Keywords: European Union, GSP Plus status, textile export from Pakistan, textile industry in Pakistan, textile manufacturers in pakistan, value added textile products

The textile industry in Pakistan is getting ready to take advantage of the GSP Plus status granted by the European Union to the country. At two listed textile companies have made significant expansion to increase the production of yarn, the basic raw material of the value-added textile products. Textile manufacturers are eyeing the GSP Plus status to come in to effect from January 2014, which will potentially result in increased textile exports.