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

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Kai Poehler
Voith Paper GmbH & Co. KG

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

Kevin Nelson
TissueGen

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles 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 ...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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