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Leading industrialist and Deputy Co-ordinator of
People's Business Forum, Dr Mirza Ikhtiar Baig has been
appointed as Advisor to Prime Minister on Ministry of Textile to
focus on this major exports sector of the country.
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All Pakistan Textile Mills Association (APTMA)
appealed to the Prime Minister and Head of Winter Load
Management Committee to ensure gas availability for the textile
mills in Punjab during winter season, otherwise it would be
difficult to continue mills’ operations
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Pakistan Cotton Ginners Association (PCGA) has
decided to export the ginned cotton to come out of the crisis
because textile cartel was not purchasing the cotton from the
ginneries to bring the rates at the lowest ebb
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Pakistan may increase production capability of its
textile industries by up to 20% with little effort, which will
help increase exports of the apparel industry, said Fayyaz Ahmed
Riaz, DGM Small and Medium Enterprise Development Authority (SMEDA).
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Sindh Minister for Commerce and Industries Rauf
Siddiqui has hope that no further enhancement will be made in
its current tariff by Karachi Electric Supply Company (KESC),
nor will it issue any disconnection orders for non-payment of
bills. This was disclosed by acting Chairman of All Pakistan
Textile Processing Mills Association (APTPMA) Mian Ajmal Farooq.
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Chairman All Pakistan Textile Mills Association (APTMA)
Muhammad Iqbal Ebrahim has said that due to unprecedented 60%
increase in electricity tariff, the entire textile industry
based on PEPCO/KESC would become unviable,closing down 150
textile units and leaving 100,000 workers unemployed, affecting
600,000 family members. He also said that due to high power
tariff, business activity worth Rs100 billion would be suspended
and there would be a decrease in direct and indirect exports of
about $1 billion and a loss in government revenue of about Rs700
billion.
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Pakistan's garment export to European Union and
Canada registered a decline while to the US market, the garment
export posted a slight increase, an IMF report revealed. The
garment export to EU market declined from 1.7% in 2003 to 1.5%
in 2007.
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The Ministry of Industries and Production has
proposed zero-rating of sales tax on supply of construction
material to the Gwadar Export Processing Zone and its investors
for development of infrastructure. The proposal was submitted in
the first meeting of the committee constituted by the ECC on
package of incentives for the Export Processing Zone.
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The present government has not taken comprehensive
measures so far to revive the status of its business community
abroad, as the community has been facing severe problems in
dealing with their counterparts in the western world since 9/11
incident, in particular, as it has left adverse affects on the
country's exports and trade. Speakers expressed these views
during a one-day workshop on "Evolving Paradigms in Pakistan's
Garment Industry," which was organised by Small Medium
Enterprises Development Authority (SMEDA).
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Turkish government has shown interest to transfer
its textile-related technology to Pakistan, as Turkey has
realised the importance of the sector, mainly because of cheap
labour, said Director General, Trade Development Authority (TDA)
of Pakistan, Sarfraz Ahmed, this while addressing the 103
participants of Pakistan Business Forum (PBF), who will
participate in six- day the International Trade Fair and
International Business Forum being held in Turkey on October 21,
2008.
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Allahdin Group of Companies has introduced a new
variety of cotton, "Bt-A One." Company Director said that the
main drawback in all the existing Bt cotton varieties is that
they drop their bolls during the severe heat whereas the process
to drop its bolls in this variety is almost zero.
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To meet the level of global competitiveness
effectively and efficiently, the creation of SEZs in Pakistan
has become an acute necessity to promote trade and investment.
The government will establish a powerful body headed by the
Prime Minister, which will grant special economic zone (SEZ)
status to all new and existing zones. The decision is a part of
the SEZ policy framework formally approved by the Economic
Coordination Committee (ECC).
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Owing to considerable share of energy in total
operating cost and anticipated higher cost of energy, Pakistan’s
textile sector faces significant challenges in local as well as
international markets. This was stated by speakers at a ceremony
held by the All Pakistan Textile Mills Association (APTMA) in
collaboration with GTZ (German Technical Cooperation) and SMEDA.
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The ever-rising cost of doing business in Pakistan
and power crisis are badly affecting country's industry in
general and textile sector in particular, said S M Naveed
textile industrialist. He said high inflation, decline in
growth, fiscal deficit and widening of trade gap and current
account deficit have left the economy in bad shape.
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All Pakistan Textile Mills Association (APTMA)
launched the Energy Management System Programme for the textile.
Under the Energy Management System Implementation Programme,
energy managers of a set of member mills representing spinning,
weaving and composite units will have extended and extensive
class room and hands on training spanning between 5 and 6
months.
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Ministry of Food, Agriculture and Livestock (MINFAL)
has submitted a summary of crops to Prime Minister and informed
him that the country may face a shortfall of around 2 million
cotton bales during crop season 2008-09 and country would be
able to achieve 13 million bales this season, said Minister for
Minfal, Nazar Muhammad Gondal.
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