Home / Knowledge / News / Textiles / PCMEA seeks representation on EDF Board
PCMEA seeks representation on EDF Board
20
Mar '14
courtesy: PCMEA
courtesy: PCMEA
Stating that hand knotted carpet industry is one of the key export-oriented industries of Pakistan, the Pakistan Carpet Manufacturers & Exporters Association (PCMEA) has sought its representation on the Board of Export Development Fund (EDF).
 
In a letter to the Commerce Secretary, Ministry of Commerce and Textile Industry, PCMEA central zone chairman Akhtar Nazir Khan Cooki and north zone vice chairman Kamran Razi highlighted that the hand knotted carpet industry of Pakistan is a 100 percent export-oriented industry facilitating about 600 percent value addition for local products. In spite of this the industry lacks a representation on EDF Board, and that too when hand knotted carpet exporters significantly contribute to this fund, they added.
 
The PCMEA officials further pointed out that the hand knotted carpet industry is a major foreign exchange and employment generator for the country, and hence it deserves a representation on EDF Board. The industry employs over one million people, 70 percent of whom are home-based women workers, they added.
 
They demanded that PCMEA, which is the sole registered representative of the industry, be appointed to represent the industry on EDF Board. They stressed that it should be made obligatory for commercial counselors to meet PCMEA representatives before assuming charges in foreign offices, so that they can jointly work out a strategy to boost exports of hand knotted carpets from Pakistan.
 
Representing the biggest cottage industry of the country, the hand knotted carpet industry is one of the most unorganized manufacturing sectors of Pakistan. 
 
The sector also plays a major part in checking migration of workforce from villages to cities, Mr. Razi said.
 
During July-January 2013-14 period, Pakistan’s carpets, rugs and mats exports earned US$ 76.968 million, growing at 9.83 percent year-on-year, according to the data from Pakistan Bureau of Statistics.
 
Since 1999, the Pakistan Government levies an Export Development Surcharge at 0.25 percent of export proceeds on all exports. The amount so collected is to be used for strengthening and developing infrastructure for promotion of exports.
 
The EDF Board, which is headed by the Commerce Minister, approves projects such as exhibitions, marketing campaigns, establishment of trade offices in foreign countries, etc., wherein the collected surcharge is used. 
 
Although the business community is represented on the EDF Board through heads of various business associations, the control of the fund lies with the Ministry of Commerce.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Silvia Venturini Fendi
Fendi s.r.l

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

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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