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Related Keywords: competing countries, due to high energy cost, expressing concerns over widening trade deficit, fixing rates of inputs in line, immediate announcement of textile package, other factors, Pakistan textile exporters association, PTEA, reduce cost of business, shrinking exports, urge government

Pakistan Textile Exporters Association (PTEA) expressing concerns over widening trade deficit and shrinking exports due to high energy cost and other factors concerning cost of doing business has urge the government for immediate announcement of textile package.

Related Keywords: Faisalabad, garment and textile industry, health, ILO, improve industrial relation, nature of employment, occupational safety, Pakistan textile industry, promote decent work environment, PTEA, sign agreement, training, wage

Pakistan Textile Exporters Association (PTEA) to promote decent work environment in the garment and textile industry in Faisalabad have signed an agreement with the International Labour Organisation (ILO).

The agreement includes a framework on improving industrial relations through training and compliance with international labour standards including occupational safety and health, wages, nature of employment, discrimination and other forms of mal-practices.

Related Keywords: Ambassador of Nepal, economic ties, Pakistan and Nepal, promote bilateral business, PTEA, regional trade, tariff measures, Textile exporters, trading restriction

Pakistan and Nepal need to focus on the promotion of bilateral business relations ensuring continued partnership for progress. The Ambassador of Nepal Bharat Raj Paudyal addressing the members of Pakistan Textile Exporters Association (PTEA) said that economic ties between the two countries can be enhanced to the best possibility.

Improved regional trade will trigger pace of development in the whole SAARC region. Nepal greatly valued its relations with Pakistan that were based on mutual respect, trust and shared perceptions on regional and international issues.

Related Keywords: bedwear, cotton cloth, energy shortage, GSP Plus scheme, lack of working capital, madeups, Pakistan textile export, plunge in december, PTEA, towels, value added items

Pakistan textile exports witnessed plunge of 6.38 percent in December 2014 despite the availability of GSP Plus scheme. The major factors behind the substantial drop in exports are energy shortage and lack of working capital.

According to the Pakistan Textile Exporters Association (PTEA) details, the country exported textile goods worth $1.175 billion in December against exports of $1.255 billion in the same month of previous year.

Value-added items also recorded a negative growth as cotton cloth exports declined by 13.62%, bed wear 11.54%, towels 11.39% and made-ups 10.04%.

Related Keywords: APTMA, Global Textile Market Outlook, joint declaration, labour laws and implementation, Pakistan textil summit, PM Nawaz Sharif, PTEA, sustainability of Textile Sector, textile industry in Pakistan, Textile Ministry, textile sector

The first Pakistan Textile Summit that is jointly organized by the textile ministry, All Pakistan Textile Mills Association (Aptma) and Pakistan Textile Exporters Association (PTEA) is scheduled to be held at a local hotel on November 27 (Tomorrow).

The summit will have detailed discussions on the challenges being faced by the textile sector. There will be three sessions -- Textile Industry in Pakistan, Global Textile Market Outlook and Sustainability of Textile Sector.

Related Keywords: economic transformation, enhance export, entrepreneurship development, Pakistan Vision 2025, policy measure, PTEA, Textile Exporters Association

Pakistan requires economic transformation for which the Vision 2025 was launched which will provide the base. The Vision 2025 is a road map designed to develop the country into economically strong and prosperous nation and enhance exports to USD 150 billion by 2025, according to Textile Exporters Association (PTEA).

Implementation of this long term development plan has the potential to put Pakistan on sustainable economic growth as well as improve its global competitiveness and bring prosperity to the country.