Home / Knowledge / News / Textiles / Appreciating Taka favours home textile exporters – Textile Advisor
Appreciating Taka favours home textile exporters – Textile Advisor
07
Apr '09
Dr Mirza Ikhtiar Baig, Textiles Advisor
Dr Mirza Ikhtiar Baig, Textiles Advisor
Appreciation of the Bangladeshi taka is helping manufacturers of home textiles in Pakistan, since the last two weeks, they have now started received orders from their overseas buyers. This was revealed by the Advisor to the Textiles Ministry, Dr Baig.

He said, on the other hand the Pakistani rupee had depreciated considerably, making exports from Pakistan cheaper vis-à-vis other countries like Bangladesh, which had snatched away orders from Pakistani home textile exporters.

He added, “The textile Ministry has recommended to the government to declare the textile sector as duty, tax and levy free industry in the true sense in the forthcoming budget to be presented in mid-2009, which will help boost textile exports from the country.

He continued by saying that, “The sector was paying as many as 17 types of different taxes and levies, which was impeding the growth of the sector and along with that we have also suggested zero duty on textile machinery and spare parts imports too”.

He said, “The textile policy will be announced in the next month which will be comprehensive and address all the issues affecting the textile industry and also carry incentives which will help enhance the capability of the sector along with boosting exports”.

Speaking about the global consultants appointed to advise the sector, he said, a French consultancy has already visited the country and has also identified twelve leading brands from the country and will set up outlets in three countries to showcase these brands.

Fibre2fashion News Desk - India


Must ReadView All

Coats acquires yarn manufacturer Patrick Yarn Mill

Textiles | On 12th Dec 2017

Coats acquires yarn manufacturer Patrick Yarn Mill

Coats, the world’s leading industrial thread manufacturer, has...

India’s garment imports from Bangladesh up 56% post-GST

Apparel/Garments | On 12th Dec 2017

India’s garment imports from Bangladesh up 56% post-GST

India has imported $87.4 million worth of readymade garments from...

Courtesy: Badger Sportswear

Apparel/Garments | On 12th Dec 2017

Badger Sportswear acquires Alleson Athletic

Badger Sportswear, a leading manufacturer of athletic apparel and...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Kerem Durdag
Biovation II LLC

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

Lynda Kelly
Suominen Corporation

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

Giorgio Mantovani
Corman S.p.A

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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...

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

December 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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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