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Pakistani govt implementing medium, long-term textile initiatives
14
Oct '11
The Government of Pakistan is actively working for effectively carrying out medium and long-term initiatives aimed at the growth of textile sector in the country, Secretary, Ministry of Textiles, Shahid Rashid has said.

Speaking at the Textile Policy Implementation and Liaison Committee meeting, he said efforts are on for implementation of medium and long term initiatives like development of technology upgradation standards and skill and infrastructure development projects in association with the private sector.

He added that short term initiatives are already being implemented.

The meeting was aimed at reviewing the status of implementation of the Textile Policy and discuss the future course of action with regard to draft Textile Law, Technology Upgradation Fund Scheme (TUFS) and disbursement plan for the first phase of the short-term schemes.

Several textile industry stakeholders including All Pakistan Textile Mills Association (APTMA) Chairman, representatives of the National Textile University (NTU), All Pakistan Bedsheet and Upholstery Manufacturers Association (APBUMA), Fibre Group, Filament Yarn and Engineering Development Board (EDB) attended the meeting.

During the meeting, the eligibility norms and technology parameters proposed for qualifying for the TUFS were presented to all concerned, who asked for two weeks' time for providing feedback.
Besides, a draft copy of the Textile Law was also discussed at the meeting.

Mr. Rashid informed that a sum of PKR 7.5 billion has been sanctioned for the current fiscal under drawbacks on local taxes and levies (DLTL) and the Ministry of Textiles had requested the Ministry of Finance to release PKR 3 billion, but only PKR 1 billion have been released by now.

Fibre2fashion News Desk - India

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