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Related Keywords: All Pakistan Textile Mills Association, Central Executive Committee, gains in exports, import duty on cotton, Textile Industry, textile package, yarn and fabric

The CEC apprehended that the imposition of import duty on cotton would erode the viability and competitiveness of industry and nullify the gains in exports during the last one year.

The CEC also rejected the imposition of 11 percent duty on import of cotton from July 15, as the domestic cotton production in the coming season is expected to be even less than 10 million bales and the industry will have to import more than five million bales to meet the shortage. The CEC also criticised reduction in rebate and exclusion of yarn and fabric from the list.

Related Keywords: export of textile products, Federation of Pakistan Chambers of Commerce and Industry, Global textile market, provision of raw materials to the textile sector, report consists of issues of the export-oriented sectors including the textile sector, textile package, textile sector

Bangladesh set an aim to attain textile exports of $60 billion, India set its target to increase exports to $30 billion, while Pakistan’s total exports have decreased from $25 billion to $20 billion, in which the textile sector’s share is 61 per cent.

The report evaluated that the China’s export of textile products share is 36 per cent, Vietnam contributes 12.4 per cent, similarly Pakistan’s share is 7 per cent, therefore a trilateral products specific agreement between China, Pakistan and Vietnam will acquire 50 per cent share of the Global Textile market.

Related Keywords: deemed import basis for PSF, enhance MMF content in export products, implemented an incentives-laden, Knitwear, Pakistan Bureau of Statistics, Pakistan export of value added textile product, ready garment export, rise in preferential access, textile package, to European union under GSP plus scheme, witnessed raise

Pakistan’s exports of value-added textile products witnessed raise by 7.5 percent to $4.517 billion in 2014-15 from $4.202bn a year ago. Also exports of readymade garments grew 10.5pc to $2.101bn from $1.909bn, and of knitwear raised 5.37pc to $2.416bn compared to $2.293bn during the previous year. The reason behind the rise is preferential access to the 28 nation European Union under GSP plus scheme, according to the Pakistan Bureau of Statistics said on Monday.

Related Keywords: Abbas Khan Afridi, cotton farmers, cotton yarn imports, ECC, Minister for textile and industry, Pakistan cotton industry, TCP, textile package

The Pakistan government has announced Rs 3,000 per 40 kilograms support price of cotton. This was informed by Minister for Textile and Industry Abbas Khan Afridi on Wednesday at the National Assembly.

Also, Trading Corporation of Pakistan (TCP) has been directed to purchase the cotton from the farmers. The Minister said that the government was committed to protect the interest of the farmers and TCP had started to purchase cotton from the farmers.

Related Keywords: Pakistan textile industry, power supply, SROs, Textile mills, textile package

Pakistan government plans to announce textile package through Statutory Regulatory Orders (SROs) for the textile Industry. Abbas Khan Afridi, the Federal Minister for Textile Industry on Monday assured a textile delegation while talking to a delegation, headed by Chairman, All Pak¬-istan Textile Mills Asso¬ciation (Aptma), Punjab S M Tanveer.
 
The SROs were sent to the Law Division for vetting and would be notified in the next few days.
 

Related Keywords: cotton, export growth, fabric, Pakistan textile and clothing, textile package, textile products, value added products

Pakistan textile and clothing products exports witnessed escalation by 5.96 per cent in July-May 2014 from a year ago, mainly owing to a trivial increase in export of value-added products. But only nine textile products witnessed positive export growth among all textile and clothing categories.

In May, exports of textile and clothing saw a marginal growth of 1.19percent over the corresponding period of last year.