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Related Keywords: GSP plus status for two year, Pakistan business community, Pakistan Readymade Garments Manufacturers and Exporters Association, Pakistani goods have duty-free access on 91 percent of EU tariff lines, PRGMEA, retain the generalized system of preferences, stressed need for aggressive marketing plan, welcomes European Union decision

The Pakistan business community welcomes the European Union decision to retain the generalized system of preferences (GSP) plus status for two year. Under GSP+ Pakistani goods have duty-free access on 91 percent of EU tariff lines. The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has stressed the need for an aggressive marketing plan, besides implementing the prime minister’s export package to maximise benefits from the decision.

Related Keywords: basic foundation, bridge gap, cotton spinners, encourage value addition, export competitiveness built, PRGMEA, production and consumption, reduce cost of doing business, relax duties on yarn import, textile chain, yarn manufacturer

Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) to encourage value addition, reduce cost of doing business and bridge the gap between production and consumption is urging the authorities to relax duties on yarn import.

PRGMEA official said that the availability of competitively priced and high-quality cotton yarn to value-added textile industry is the basic foundation on which export competitiveness is built.

Related Keywords: China Pakistan Economic Corridor, collaboration with Ecommerce gateway pakistan, organizing eighteenth Textile Asia International Exhibition, other Asian countries, Pakistan Readymade Garments Manufacturers & Exporters Association, PRGMEA, promote Pakistani Textile Industry, strong partnerships long-term sustainable growth

Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) is now organizing the 18th Textile Asia International 2017 Exhibition, after the success of Textile Asia Event in the past during Textile Asia 2015 and 2016 event in Lahore

Chairman of PRGMEA said the association is staging this event third time in Lahore in collaboration with Ecommerce Gateway Pakistan to promote Pakistani Textile Industry to other Asian countries.

Related Keywords: businessmen, cotton, displayed products, entire textile chain, exporters and citizen attended, international brands, large number of industrialists, organized three day International Textile Asia Exhibition, Pakistan Readymade Garments Manufacturers and Exporters Association, PRGMEA, value addition, various countries, yarn and gray fabric

The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has organized a three day ‘International Textile Asia Exhibition’ where more than 350 international brands from around 29 countries have displayed their products at more than 500 stalls at the Expo Centre. A large number of industrialists, businessmen, exporters and citizens attended the event on the first day.

Related Keywords: CCCT, decided to give a practical shape to the MoU, establishment of joint ventures, exchange of information and technology, fairs, Pakistan and Chinese, PRGMEA, Promote cooperation, r investment and level-playing field, signed MoU in March last year, textile and apparel companies, training, visits from both sides

To promote cooperation between Pakistan and Chinese textile and apparel companies, The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) and China Chamber of Commerce for Import and Export of Textile and Apparel (CCCT) had signed MoU in March 2016. The two associations have decided to give a practical shape to the MoU.

It is the first time that a Pakistani garment sector body signed such an agreement with the overseas stakeholders for strengthening mutual trade of garment and textile.

Related Keywords: at least Rs sixty billion, customs and sales tax rebate, drawback of local taxes and levies scheme, enhance exports, export oriented industry, PRGMEA, Prime minister package, release of stuck tax refund claims, upcoming budget under the prime ministes package, urged government to allocate, value-added textile industry

Appreciating the prime minister for announcing the Rs180 billion package for enhancing exports, The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has urged the government to allocate at least Rs60 billion for the export-oriented industry in the upcoming budget 2017-18 under the prime minister’s Rs180 billion package.

They have also asked for the release of stuck tax refund claims of exporters, including the drawback of local taxes and levies scheme, customs and sales tax rebate, etc.

Related Keywords: APTMA, enhance trade volume, explore investment opportunities in Pakistan, explore Pakistani potential, FCCi, inked six MoU, Italian Foreign Trade Association, Italian Ministry of Economic Development, Pakistan Italy Investment and Business Forum, PHMA, PRGMEA, promotion of bilateral commerce and trade, Punjab Board of Investment and Trade

Italian Ministry of Economic Development, Ivan Scalfarotto during his visit of 60 member delegation has inked with the Punjab Board of Investment and Trade (PBIT) six Memorandum of Understandings (MoU for promotion of bilateral commerce and trade between the two nations.

The Italian Textile Manufacturing Association signed three separate MoUs with All Pakistan Textile Mills Association (APTMA), Pakistan Hosiery Manufacturing Association (PHMA), and Pakistan Readymade Garment Manufacturer and Exporters Association (PRGMEA).

Related Keywords: artificial shortage of cotton yarn, created by spinning, facing severe cotton yarn shortage, further price hike, ginning industry, holding stock, immediate removal of regulatory duty, international buyers planning to place orders for Christmas, local garment industry, not entertaining buyers, Pakistan apparel industry, PRGMEA, price factor

Pakistan apparel industry has been facing severe shortage of cotton yarn at a time when international buyers are planning to place orders for Christmas. The local garment industry due to price factor and especially owing to artificial shortage of cotton yarn created by the spinning as well as ginning industry, which are holding stock in the hope of further price hike, are not able to entertain the international buyers, said Pakistan Readymade Garments Manufacturers & Exporters Association (Prgmea) chief coordinator Ijaz Khokhar.

Related Keywords: abolish additional regulatory duty, arrival of new crop, cartelization of local manufacturers, cotton yarn, Cotton yarn prices increased, import of yarn, impose a ban on the export of raw cotton, PRGMEA, short period, taking advantage of additional regulatory dutry, to rationalize the rates of yarn, whole value-added apparel sector hit hard

The prices of cotton yarn 10 count single yarn have increased by around 25 percent to reach Rs11500 per bag of 100 pounds from Rs9950 during the last one-and-a-half months and same is the case with other varieties of yarn, including 16 count 30 yarn and 16 count 20 yarn due to cartelization of local manufacturers who are taking advantage of 10 percent additional regulatory duty on the import of yarn.

Related Keywords: boost Pakistani export, drawback on local taxes and levies, duty drawback, including value added textile industry, Pakistan government, PRGMEA, refund payments against sales tax, support five export oriented industries, zero-rated regimes

The Pakistan Government has provided all its possible support to ensure inclusive growth and employment generation in five export oriented industries including the value added textile industry and boost Pakistani export.