Pak ministry proposes extension to PM package for 2018-19

2018/04 22 05:04

Pakistan’s textile ministry has reportedly proposed extending the prime minister’s export package worth Rs 180-billion to the next fiscal, which starts this July. The suggestion was said to be part of the ministry’s budget proposals. Announced in January 2017, the package’s first part ended on 30 June last year and the second part will conclude […]

Pakistani textile exporters’ delegation meets PM adviser

2018/01 31 06:01

A Pakistan Textile Exporters Association (PTEA) delegation led by its chairman Shaiq Jawed met adviser to the prime minister on finance Miftah Ismail recently to discuss issues related to textile exports in the country and requested him for fast processing of tax refund and drawback cases to resolve liquidity issues faced by exporters and manufacturers. […]

Pak govt, stakeholders blamed for cotton produce decline

2018/01 31 06:01

Experts in Pakistan recently attributed the decline in cotton production in the last decade to the indifferent approach of stakeholders and decision makers. In a seminar, they blamed the food security ministry, fertilizers and pesticide firms, tax authorities and the All Pakistan Textile Mills Association for lower per bale cotton price and per hectare yield. […]

Pakistan to provide cheap gas to textile industry

2018/01 29 08:01

Gas prices would be decreased further for the textile industry to reduce the cost of production to the maximum extent possible, Pakistani state minister for finance Rana Muhammad Afzal Khan recently told a meeting of the All Pakistan Textile Processing Mills Association (APTPMA) in Faisalabad. Electricity will be provided at a rate of Rs 7 […]

Pakistan’s FBR withdraws sales tax, duty on cotton imports

2018/01 29 08:01

Pakistan’s Federal Board of Revenue (FBR) recently withdrew 5 per cent sales tax and 4 per cent customs duty on cotton imports following a government order. The country’s textile sector will avail the benefits on imports of raw and ginned cotton retrospectively from January 8, a FBR notification said. The move, however, was resented by […]

Pakistan yet to tap potential to increase trade with EU

2018/01 29 08:01

Pakistan is yet to fully tap the potential to raise trade volume with the European Union (EU) despite achievements following the Generalised System of Preferences (GSP) Plus incentives, EU ambassador to Pakistan Jean-Francois Cautain told the Pakistan Textile Exporters Association (PTEA). EU will finalise a new plan to strengthen ties with Pakistan, he said. EU […]

Demand for end to duties on cotton yarn import in Pakistan

2018/01 25 12:01

Pakistan’s value-added textile export sector has urged Prime Minister Shahid Khaqan Abbasi to abolish all duties and taxes on cotton yarn import to help earn foreign exchange and reduce trade gap that touched $18 billion during the July-December period of fiscal 2017-18. Cotton yarn is not easily available in the domestic market owing to low […]

PM reviews progress of EU GSP+ status for Pakistan

2018/01 25 12:01

Pakistani commerce and textile minister Pervaiz Malik recently conveyed Prime Minister Shahid Khaqan Abbasi about a possible positive outcome of the review and rollover of Generalised System of Preferences Plus (GSP+) scheme for three more years. Abbasi was chairing a meeting to review the efforts for continuation of GSP+ status for Pakistan beyond 2018. The […]

Pak ginneries receive 11.334mn bales of cotton by Jan 15

2018/01 23 06:01

Over 11.334 million bales of cotton have arrived in 2017-18 season at various ginneries in Pakistan, as on January 15, 2017, up 7.58 per cent compared to arrival of 10.535 million bales during the corresponding period of last season, according to the latest fortnightly report on cotton arrivals, released by Pakistan Cotton Ginners’ Association (PCGA). […]

Pakistan’s PHMEA wants end to polyester yarn import duties

2018/01 18 12:01

The Pakistan Hosiery Manufacturers and Exporters Association (PHMEA) has expressed concern over increasing taxes on the import of polyester yarn, saying the step has directly affected the sportswear industry of Sialkot. The government had recently imposed a 5 per cent regulatory duty on such import with an average 7 per cent anti-dumping duty. The total […]

PRGMEA hails move to remove cotton yarn import duties

2018/01 16 12:01

The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) recently said the promised abolition of all duties on cotton yarn imports will enhance value-addition, improve exports and reduce trade deficit. According to PRGMEA chief coordinator Ijaz Khokhar, The step will help reduce business costs and bridge production-consumption gap. The sharp increase in cotton yarn prices […]