Textile Briefs National


1.
The recent decision of the Economic Coordination Committee (ECC) of the Cabinet to withdraw 5% duty exemption on import of cotton yarn has sounded alarm bells afor the value-added textile exports, said M Jawed Bilwani, Chairman of the Pakistan Apparel Forum, and Chief Coordinator of the Value-Added Textile Forum.

2. The appreciation of rupee against the US dollar has adversely affected export-oriented sectors, including textiles, and the Finance Ministry should look into resolving these issues, said Trade Development Authority of Pakistan (TDAP) Chairman SM Muneer.

3. Cotton Commissioner and Vice President of PCCC Dr Khalid Abdullah has said the new varieties of Bt cotton would be evolved for next season to boost up the cotton production and achieve the target in the country.

4. A delegation of industrialists  led by Chairman All Pakistan Textile Mills Association (APTMA) S.M Tanvir met Punjab Chief Minister, Muhammad Shahbaz Sharif. Chairman APTMA informed the Chief Minister about the problems of textile sector and the five years programme for the development of textile industry in the wake of granting of GSP Plus status to Pakistan.

5.5Ministry of Textile Industry will soon be submitting a summary to the Economic Coordination Committee (ECC) of the Federal Cabinet demanding allocation of funds for timely intervention in the cotton market, in order to bring stabilization in the domestic cotton market.

6. Chairman APTMA Punjab S M Tanveer has urged the US government to extend market access to Pakistan in line with the GSP plus facility from the EU. He was talking to a group of US Journalists who visited APTMA Punjab.

7. The US Deputy Counsellor Susan McFee said Pakistan is not the only country that is adversely affected by the labour standards certification. She suggested that Pakistan should immediately come up with a comprehensive strategy on labour standards in order to meet the International Labour Organization (ILO) requirements. .

8. Ministry of Textile Industry has released funds to make payments during the current financial year under Export Finance Mark-Up Rate Facility and mark-up Rate Support for Textile Sector against Long Term Loans.

9. In the first three quarters of Pakistani fiscal year 2013-14 that began on July 1, the exports of textiles and apparel increased by 7.99%  year-on-year to US$ 10.384 billion, with the US, the UK, China, Germany and Bangladesh being the top five destinations.

 

 
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