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Related Keywords: compared same month a year ago, Exports of bed wear remained flat, incentive package, knitwear export, Pakistan Bureau of Statistics, Pakistan government, posted major growth, Readymade garment exports, revive wilting foreign exchange revenue spinner, textile export sector, textile exports increased by three percent, year on year basis in July

Pakistan government’s incentive package for the export sector seemed to revive the wilting foreign exchange revenue spinner, its textile exports has increased by around three percent year-on-year to $1.006 billion in July as compared to textile exports of $979.414 million in the same month a year ago recorded Pakistan Bureau of Statistics (PBS).

Related Keywords: competitive power tariffs, cotton and textile value chain, currently spends over USD four billion, export to ECOWAS market, importation of fake, imported textile, incentive package, measures necessary to revive the industry, Nigerian Textile industry, NTMA, other ready made clothings, potential to produce for local market, substandard textiles

Nigeria has the potential to produce for the local market and also export to the Economic Community of West African States (ECOWAS) market of 175 million people, as well as to the developed world but of which various measures have become absolutely necessary to revive the textile industry. At present Nigeria spends over $4 billion, about N1.32 trillion, yearly on imported textile and other ready-made clothings.

Related Keywords: attract foreign investment, attract Thai entrepreneurs, Bangladesh, bilateral trade, cheap labour, cost competitive, duty and quote free market, exploit business potential, export woven, grab local and global market, incentive package, knitted products, MCCI, promising sectors for investment, strategic location, textile and garment sector

Bangladesh has numerous promising sectors for investment due to its cost competitiveness, strategic location and the incentive packages offered by the government. This has attracted Thai entrepreneurs to invest in the country and exploit its colossal business potential for which Thai entrepreneurs are in talks with some of the Bangladeshi businessmen.

Chokedee Kaewsang, deputy secretary general of Thailand Board of Investment said that as part of the efforts, they held a discussion with the leaders of the Metropolitan Chamber of Commerce and Industry (MCCI) in Dhaka.

Related Keywords: cash incentives, credit subsidies, delay the approval, Economic Coordination Committee, future exports and investment, Heimtextil fair, incentive package, Pakistan exporters, Pakistan textile policy, PRGMEA, tax exemptions

Pakistan exporters disappointed with the decision of the Economic Coordination Committee to delay the approval of the second five-year Pakistan textile policy 2014-19 for another couple of weeks, as they were eagerly awaiting cash incentives for their future exports and investments.

The textile policy was originally due in September. The sooner the policy is finalised, the better for the industry and textile exports, as the Heimtextil fair [in Germany] is fast approaching.