Home / Knowledge / News / Textiles / Govt to take remedial steps to boost falling textile exports
Govt to take remedial steps to boost falling textile exports
06
Jun '09
Remedial measures are being considered by the government of Pakistan to deal with the problems and issues faced by textile industry, on recommendations made by the stakeholders, to improve production and exports of the industry.

To uphold country's textile sector, the government is likely to announce a textile policy called National Textile Strategy in the middle of this month. Before finalizing the policy, the Textile Ministry has consulted all textile sector associations along with the Chamber of Commerce and Industry.

The ministry received recommendations for zero rating on import of textile machinery, zero rating exports, tariff reduction, nonstop energy supply to textile units. Along with this, issues related to market access and quality products with timely delivery and single digit mark up and special power tariff for the textile industry has also been recommended.

It has been suggested that the issues like duty-free market access to European Union and the US markets should be included in textile policy as Pakistan imports a huge amount of USA long staple cotton to the tune of $400 million to $500 million every year.

A Cabinet Committee has already been constituted by the Prime Minister, Mr. Yousuf Raza Gilani to evaluate the new textile policy as well as recommend measures to modernize the industry and make the industry more efficient.

Energy shortage in the country is the major issue which has made the textile sector to pass through a difficult phase, believe economic observers. Textile exports have experienced a decline of 9.27 percent during the July-April (2008-09) fiscal and stood at $7.898 billion against exports of $8.706 billion during the corresponding period of last fiscal.

In the same period, exports of cotton yarn fell by 15.98 percent, yarn other than cotton yarn dipped by 54.74 percent, knitwear dropped by 6.7 percent, bed wear tanked by 12.19 percent, tents, canvas and tarpaulin by 14.70 percent.

Ready made garments fell by 14.65 percent, art, silk and synthetic textile by 33.64 percent where as the exports of other textile materials declined by 15.43 percent.

Amid this decreasing trend, only two textile groups including raw cotton, cotton cloth and towels witnessed positive growth. The overseas sales of these three products witnessed an increase of 40.32, 0.75 and 3.26 percent respectively during the above said period compared to the same period of last year.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Jurgen Gauger
Spreadshirt

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

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Suresh Patel
Sidwin Fabric

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

news category


Related Categories:
May 2017

May 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