Home / Knowledge / News / Textiles / Pakistan govt to prioritize resolving textile sector woes
Pakistan govt to prioritize resolving textile sector woes
06
Nov '13
The Pakistani Commerce and Textile Ministry is making all the efforts to bring the textile sector of the country back on track by redressing the problems faced by the sector on a priority basis, said secretary of Textile Industry Division of the Ministry Rukhsana Shah during her recent visit to the Pakistan Textile Exporters Association (PTEA).
 
Addressing the country’s textile manufacturers and exporters, the secretary of Textile Industry Division said that all stakeholders would be taken on board for true exploitation of expected market access following the Generalized Preference System Plus (GSP+) status due to be attained from the European Union (EU) in the coming days.
 
Ms. Shah said the Government of Pakistan is fully aware of the problems faced by the textile sector and is working towards addressing these issues and finding proper alternatives.
 
The secretary said the anticipated GSP+ status would provide an impetus to the value-added textile exports to EU, generating significant economic activity in the country and helping Pakistan to build up its capacity to become more effective and competitive in international markets.
 
PTEA chairman Sheikh Ilyas Mahmood elucidated the secretary regarding the main problems creating a hindrance for the sector especially the fact that many domestic textile exporters are caught up in the drawback of local taxes, sales tax, customs rebate, and federal excise duty refund.
 
If the amounts are released, several exporters can deploy the capital towards expanding their businesses, which in turn would help Pakistan’s export earnings to grow, he added.
 
Ms. Shah assured that the country’s Textile Industry Division will make all efforts for immediate payment of pending refund claims of textile exporters and that all stakeholders will be taken on board while making policies directly or indirectly influencing the textile industry, especially its value addition sector.
 

Fibre2fashion News Desk - India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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
January 2017

January 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