Home / Knowledge / News / Textiles / Pakistan's FPCCI urges govt for value-addition in textiles
Pakistan's FPCCI urges govt for value-addition in textiles
31
Dec '13
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the Government to make a detailed plan in order to stimulate value addition in textiles and other sectors in the country to encourage exports and employment for fully benefitting from the Generalized System of Preferences Plus (GSP+) status granted by the European Union (EU).
 
FPCCI president Zubair Ahmad Malik, while speaking to a business community in Islamabad said the country lags behind value-addition, which is a reason behind unemployment and lower volume of exports, reports APP.
 
Mr. Malik said the textile sector should be made a priority as it contributes 8 percent to the country’s Gross Domestic Product (GDP) and accounts for 54 percent of the overall exports, producing 24 percent of industrial value-added goods, and employing 40 percent of urban labor whilst absorbing 40 percent of bank credit.
 
The FPCCI official said China generates around US$ 4 billion business from one million cotton bales and India US$ 2 billion from its cotton output, whereas Pakistan only generated US$ 1 billion due to lack of value addition.
 
Appreciating the Prime Minister’s Youth Loan Scheme, Mr. Malik said that those getting loans should prefer to invest in different small businesses related to textiles to ensure safety of their funds and get better returns.
 
The FPCCI head asked the business community to step forward and take part in the power generation projects to overcome energy crisis in the country, so that textile and other industries can function at full capacity.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Kerem Durdag
Biovation II LLC

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

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

Mike Hoffman
Gildan Activewear SRL

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

Bani Batra

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search