Home / Knowledge / News / Textiles / Textile Ministry asked to set up separate export fund
Textile Ministry asked to set up separate export fund
Sep '11
Pakistan's Ministry of Textiles has been asked by the National Assembly Standing Committee to initiate steps to set up a separate Export Development Fund (EDF), which would be used to boost the country's textile exports.

The Standing Committee was informed that the textile sector alone fetched foreign exchange worth US$ 12 billion during last year and significantly contributed to the EDF, but around 40 percent of the textile sector's own contribution was not utilized to boost its exports.

Considering this, the Committee arrived at a conclusion that as the Government has permitted formation of a separate Ministry of Textiles, different from the Ministry of Commerce, EDF for textiles sector should also be separated in order to ensure that the textiles EDF is utilised for promotion of the much valuable sector.

Several textile association representatives revealed that around PKR 23 billion were accumulated in the EDF by now, but in the absence of any specific norms, most of these sums were utilized for political purposes.

They called upon the Government to constitute a special Board for EDF in the Textile Ministry comprising of representatives of different textile industry associations.

Besides, they also urged the Committee that a part of the EDF should be spent towards facilitating textile exporters.

EDF's Abrar Aalam informed the Committee that there are set norms for utilisation of the funds generated from exports of all items including textiles.

As per the norms set under the EDF Act, 1999, the funds so accumulated can be utilised for 12 specified categories, and also the EDF Board comprises of concerned representatives of all the sectors, including textiles, he added.

Against this, representatives of several textile industry stakeholders stated before the Committee that the EDF Board refused their request for acquiring Effluent Treatment Plant (ETP), which is a basic requirement for complying with social responsibility norms by several overseas countries.

If the Government is unable to install the ETP, foreign economies may discontinue importing goods from Pakistan, which would prove highly detrimental for the country.

They, thus, stated that if the Textile Ministry institutes its separate EDF, compliance with such international norms would become easier.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search