Home / Knowledge / News / Textiles / Easing import rules on machinery boosts textile sector
Easing import rules on machinery boosts textile sector
Mar '11
Prime Minister's advisor on textile affairs, Mirza Ikhtiar Baig, lauded foreign investor's role in the development of its textile industry.

Inaugurating the Italian Textile Technology Seminar, organized by Italian Trade Commission - Pakistan, he said that the Italian textile machineries were contributing in a very big way. Italy is the 5th largest exporter of textile machineries to Pakistan with 10.11 percent share after China (22.7%), Japan (19.55%), Germany (18.22%) and Switzerland (14.9%).

Pakistan government's decision to withdraw duties on imported textile machineries under National Textile Strategy 2009-2014, has proved to be a big boost for its textile industry. After this decision, the country has registered a thumping growth rate of 25 percent in textile exports. It also helped to attract higher foreign investments in the country, he informed.

Introduction of BMR brought in investments of US $5 billion in to the textile sector, while IGATEX and Textile Asia were successful events. All these initiatives have been proved fruitful and equally rewarding to the industry, he added by saying.

Pakistan has become the 4th largest producer of raw cotton with the most modern textile technology, experienced and skilled workers due to these initiatives. It has set a target to enhance its textile exports to $25 billion by the year 2014.

Under National Textile Strategy 2009-2014, Pakistan announced withdrawal of custom duties and taxes on machineries in 2009. The Government announced financial support at low interest rate and LTFF too. After these steps, new investments in the textile sector have started coming in.

The country has witnessed 40 percent increase in the import of textile machineries last year. Pakistan imported textile machineries worth $297 million in 2009-10 compared to $211 million in the previous year.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Rajiv Sirohi

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

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

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


Browse Our Archives


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