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Related Keywords: achieve compliance with international standards, allocated Rs42.5 billion, bedwear and readymade garments, improve the sectors technological configuration, key exports revenue spinners, Knitwear, mark-up support, Pakistan Ministry of Textile industry, remove critical imbalances, textile policy, value added textile sector, value chain

The Pakistan Ministry of textile industry had allocated Rs42.5 billion worth of mark-up support and other incentives in April 2010 to improve the sector’s technological configuration, remove critical imbalances in the value-chain and help it achieve compliance with international standards.
But for the past two year, billions of rupees in refund claims under technology up-gradation fund (TUF) has been stuck which the value-added textile sector urged the government to clear it soon.

Related Keywords: allowed duty drawback of taxes for exporters, allowed for exports GDs, exporter would achieve an increase of ten percent or more, in the current financial over exports, manufacturing-cum-exporting units, Pakistan Ministry of Textile industry, Prime Minister package of incentives

The Pakistan Ministry of Textile Industry under the prime minister's package of incentives has allowed duty drawback of taxes for exporters. The duty drawbacks under this order shall be allowed for exports GDs, filed on or after Jan 16, 2017 to June 30, 2017. Further, duty drawback of taxes under this order shall be allowed for exports GSs, filed on or after July 1, 2017 to June 30, 2018, if the exporter would achieve an increase of 10 percent or more in exports over 2016-17 exports.

Related Keywords: APTMA is the single buyer, APTMA single buye According to the ministry officials, contaminated cotton, cotton growers estimated a loss of Rs twenty two billion, KCA spot rate, lack of qualitybased pricing system, non-practicing of cotton standardization system, Pakistan Ministry of Textile industry, Pakistani cotton is hand picked

Pakistan Ministry of Textile Industry has estimated a loss of Rs 22 billion to cotton growers during 2015-16, due to lack of quality-based pricing system and non-practicing of the cotton standardization system. According to the ministry officials, APTMA is the single buyer and acts as a cartel, which accounts for growers unable to get their due price.

Pakistani raw cotton is being traded at an average discount of 7 cents per pound in the international market.

Related Keywords: empower textile division, Federal textile board, introduce new legislation, laws and ordinances, monitor Textile Policy, multiple overlapping, Pakistan Ministry of Textile industry, strengthen structure of textile industries, textile value chain industry

The Pakistan Ministry of Textile Industry to introduce new legislation to undo multiple overlapping laws and ordinances. The final draft of the proposed Act is prepared in consultation with industry stakeholders would be discussion in the upcoming textile policy board meeting after submission to the Law Division for vetting soon. The new legislation aims at implementing the textile policy, strengthening the structure of textile industries and to maintain complete data on production of these units.

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.