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Related Keywords: account for 30 percent, compete in international market, demand abolish all duties and taxes, import of polyester yarn, imposed total duties and taxes, including anti-dumping duty, Pakistan government, PHMEA, polyester-based sportswear industry of Sialkot

The Pakistan government had recently imposed total duties and taxes, including anti-dumping duty, account for 30 percent on the import of polyester yarn making it difficult for the polyester-based sportswear industry of Sialkot to compete in the international market.

The Pakistan Hosiery Manufacturers and Exporters Association (PHMEA) central chairman Khurram Anwar Khawaja expressed concern over increasing taxes on the import of polyester yarn, saying the step has directly affected the sportswear industry.

Related Keywords: allowed cotton imports from India, consignments from neighboring country, falls short of around four million bales a year, meet growing needs of key textile industry, Pakistan government, Pakistan world’s fourth largest cotton producing, same time tough set of rules imposed

Pakistan government to meet the growing needs of key textile industry has allowed cotton imports from India, but at the same time tough set of rules imposed for consignments from the neighboring country, officials said on Thursday. Pakistan, which is the world’s fourth largest cotton producing country, falls short of around four million bales a year to meet the local demand of nearly 16 million bales.

Related Keywords: Economic Coordination Committee, Pakistan government, Prime minister package, textile exports, Textile Ministry

The Ministry of Textiles of the Pakistan Government has issued a notification stating that in pursuance of entry 7 of item 39 of Schedule II of the Rules of Business, 1973, the Prime Minister package of incentives for exporters was approved by Economic Coordination Committee (ECC) of the Cabinet.

Related Keywords: 50 percent of the rate of incentive, already announced in the PM’s package, curtail trade deficit, eligible textile, exporter achieves 10 percent increase more in exportsb, give boost, new version of the package, non-textile sectors, notified export package incentive, Pakistan government, period January to June 2017, remaining 50, tumbling exports

The Pakistan government to give a boost to the tumbling exports and curtail trade deficit of the country has notified export package incentive for eligible textile and non-textile sectors.

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: cotton crop, cotton cultivation witnessed, crop growing area, crop season, eighteen percent rise, export purposes, fixed a target to cultivate the cotton crop, fulfill domestic requirements, over an area of three point eleven million hectares, Pakistan government, Textile Industry

The Pakistan government has fixed a target to cultivate the cotton crop over an area of 3.11 million hectares during the crop season 2017/18 to fulfill the domestic requirements of the commodity, as well as for export purposes, said Dr Khalid Abdullah, cotton commissioner in the ministry of textile industry on Wednesday.

During the current sowing season, Pakistan cotton cultivation witnessed 18 percent increase across the crop growing areas as compared to the sowing during the corresponding period of the last year.

Related Keywords: after a gap of nearly seven months, cotton import by the middle of July, five percent sales tax, impose a four percent customs duty, Pakistan government, plans to reinstate the tariff, response to recent large purchases from overseas

The Pakistan government plans to reinstate the tariff after a gap of nearly seven months in response to recent large purchases from overseas. It will impose a four percent customs duty and five percent sales tax on cotton import by the middle of July, a statement said on Tuesday.

On a proposal by the Finance Division, the ECC (The Economic Coordination Committee) of the Cabinet)) approved the restoration of import duty and sales tax on import of cotton with effect from 15th July 2017, the government statement said.

Related Keywords: after achieving increase on yearonyear in March, export of value-added products grew, eyeing more than USD five hundred million increase, knitwear grew, next three months, Pakistan government, readymade garments rose, textile exports

Pakistan government is eyeing more than $500 million increase in textile exports in next three months after achieving a 6.2 percent increase on year-on-year in March worth $1.064 billion.

The recent increase in the textile sector after a long dip is due to the decrease in duties, said officials at the Ministry of Textiles. They have zeroed customs duty from 4 percent. Likewise, sales tax has been zeroed from 5 percent. They have introduced made-ups.

Related Keywords: against risk of fluctuations in price, benefiting weak stakeholders., facilitating smooth flow of national and international trading in cotton, help economy by providing a cover, KCA, need to allow cotton hedge trading, Pakistan government, through Karachi Cotton Association

The Pakistan government need to allow cotton hedge trading through Karachi Cotton Association (KCA) as it will help economy by providing a cover against the risk of fluctuations in price, thereby facilitating smooth flow of national and international trading in cotton, said KCA Senior Member Ghulam Rabbani on Sunday.

This system will also increase liquidity prospects besides

Hedge trading is a special segment of trade. The utility of hedge trading in cotton has been re-affirmed by three Cotton Hedge Enquiry Committees set up by the government in 1953, 1965 and 1971.

Related Keywords: achieve ambitious export target, bring down industrial costs for the value-added textile sector, by next year, exploring every aspect under a multi-pronged strategy, improve the trade situation, Pakistan government, taking effective steps on all fronts, US dollar thirty five billion, zero-rated sales tax regime for top five textile sectors

The Pakistan government to achieve its ambitious export target of US dollar 35 billion by 2018 is taking effective steps on all fronts and also exploring every aspect under a multi-pronged strategy .

Monthly exports in Pakistan over the last few decades averaged at Rs38.82359 billion (USD 0.37 billion), reaching an all time high at Rs 275.483 billion (USD 2.63 billion) in September 2013. Pakistan’s main export partners are: 13.6 per cent United States,11 per cent China, 8.5 per cent each to United Arab Emirates and Saudi Arabia.