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Vast scope of enhancing Pak-German bilateral trade relations

Related Keywords: Commercial Specialist Economic & Trade Section, knitted clothing manufacturers and exporters, Pakistan Hosiery Manufacturers and Exporters Association, Pakistani textile exports to Germany, Pakistani textile manufacturers, value added textile sector

Umar Majeed Commercial Specialist Economic & Trade Section was also accompanied while exporters Dr Khuram Tariq, Qamar Aftab, Muhammad Amjad Khawaja and others were also present on the occasion. He said that a traders’ delegation from Germany would soon visit to Pakistan to explore business opportunities in Pakistani market.

Pakistan value added textile sector urge to clear TUF soon

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.

Delay in new textile policy poses big challenge for Pakistan textile industry

Related Keywords: global trade, GSP plus regime, Pakistan textile policy, readymade garment, textile sector, value added textile sector

The delay in reintroducing the textile policy poses a big challenge to the Pakistan textile sector to deal with the global buyers for the coming seasons. The entire textile sector is under stress for want of a policy and held up in midway to carry on their global trade especially with the EU under the GSP Plus regime as the textile policy lapsed last month. The policy that helps the industry boost.
 

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