Home / Knowledge / News / Textiles / PRGMEA recommends renewal package for textile sector
PRGMEA recommends renewal package for textile sector
09
Nov '10
Ejaz Khokhar – the recently elected central Chairman of Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has recommended a renewal package which includes limiting the prices of utilities for industry, removal of Export Development Fund (EDF), immediate collection, elimination of taxes together with the Reformed General Sales Tax, special mark up rate as well as unobstructed flow of raw materials to the textile auxiliary industry.

The Chairman apprehended that the continuing difficulty would, or else, lead to large-scale shutting down of textile units thereby causing widespread unemployment in the country. The auxiliary textile industry, mostly, the woven and knit apparels, has given 3.6 billion dollars to the national exchequer over the financial year 2009-2010 against the target 5 billion dollar set by the government. The auxiliary textile industry having 1,500 manufacturing units and a total workforce of 25 million direct as well as indirect laborers has registered considerable losses during the outgoing financial year.

According to him, the woven apparel units have registered a loss of 25 percent towards the end of 2009-10 in the midst of high cotton prices locally and cost-effective commitments to customers globally. The basic textile industry along with the spinning sector registered a profit of 25 percent during the fiscal 2009-10 with unexpected rise in the prices of cotton and yarn.

Ejaz revealed that spinners are the frontrunners of the industry. The association had efficiently followed the government the previous year to limit the export of yarn from Pakistan, which had failed drastically this year. At present, neither the Pakistan Hosiery Manufacturers Association (PHMA) nor the PRGMEA is emphasizing on the last year's stand of limiting the free export of cotton and yarn from Pakistan.

Fibre2fashion News Desk-India

Must ReadView All

Apparel/Garments | On 22nd Mar 2017

Amazon India introduces 'A-Z GST Guide' programme

Amazon India has introduced a programme called 'A-Z GST Guide' to...

Textiles | On 22nd Mar 2017

Dyeing textiles with bacteria

As an alternative to toxic synthetic dyes, scientists are exploring...

Courtesy: BCG

Apparel/Garments | On 22nd Mar 2017

Consumption in India to touch $4 trillion by 2025: Report

Consumption in India is likely to triple to $4 trillion by 2025 as...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Kevin Nelson
TissueGen

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silvia Venturini Fendi
Fendi s.r.l

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search