Home / Knowledge / News / Textiles / 'Textile Industry Act 2011' to assess strength of Pakistani industry
'Textile Industry Act 2011' to assess strength of Pakistani industry
05
Nov '11
Pakistan's Ministry of Textile Industry has invited suggestions and comments from various stakeholders on a draft 'Textile Industry (Development, Promotion and Standards) Act 2011'.

The Textile Ministry will hold a final round of discussion with the stakeholders in the coming days and the draft is expected to be finalized by November-end. It would be subsequently tabled in the National Assembly.

According to the Ministry, the Act is aimed at development, promotion, regulation and setting of standards for textile industry in Pakistan to achieve sustainable growth, employment generation, increased productivity and value-addition throughout the textile chain.

Explaining the pros and cons of the draft Act to fibre2fashion, Mr. Ijaz Khokhar, Chief Coordinator, Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA), said, “The main aim of the Textile Ministry behind introducing the draft is to assess the strength of the country's textile industry by acquiring exact data on how many companies are registered, what is their man-power, etc.”

“Another reason is for the upgradation of the industry and to have an efficient law for cotton trade. The draft envisages establishment of a Textile Board consisting of representatives from both the private and public sector, who will review the results on a quarterly or monthly basis,” he added.

Mr. Khohkar informed, “Previously there was no interaction between the stakeholders and the Ministry. So, this law will bind both the private and public sector and hold a meeting for the promotion and implementation of the policies and to monitor the developments that are taking place.”

He stated that the general reaction among the country's textile industry towards the draft is mixed, mainly because some additional taxes are being implemented through the Act. “They have proposed to charge a 1 percent tax on textile manufacturers, dealers of textiles and textile allied industry in Pakistan,” he revealed.

The textile industry is not in favor of paying any additional tax as they are already paying a lot of taxes, including cotton cess, education cess and textile engineering cess. “We do not want the textile industry to bear any additional tax which is not applicable to export of other goods of Pakistan,” he affirmed.

However, the PRGMEA Chief Coordinator was hopeful that the stakeholders would be able to convince the Ministry officials for withdrawal of the one percent tax.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search