Industry News

No sales tax, customs duty on cotton imports in Pakistan

The Pakistani Government last week withdrew sales tax and customs duty on cotton imports with effect from January 8 to meet the shortfall of silver fibre, a key input in the country’s textile industry. The Economic Coordination Committee (ECC) of the cabinet approved a proposal regarding the same at a meeting headed by Prime Minister …

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ASEAN & South Asia Dyestuff for Textile Market to Reach $1,938.9 Million by 2023: P&S Market Research

According to the new study published by P&S Market Research, the ASEAN & South Asia dyestuff for textile market is forecasted to Reach $1,938.9 Million by 2023. The growth of the ASEAN and South Asia dyestuff for textile market is mainly driven by the tremendously high demand of dyestuff from the home textile and automotive …

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PEW demands leather promotion for economic growth

The Pakistan Economy Watch (PEW) has asked the government of Pakistan for the development and promotion of the local leather industry for positive growth on the economy. A request has been made to the policymakers for more relaxations in the taxing system so that Pakistan leather industry could regain its position in the international market. …

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PYMA urges govt for elimination of tax on yarn import

The Pakistan Yarn Merchants Association (PYMA) has urged the Pakistan government for removal of the regulatory duty on the import of yarn. An appeal has been made to Dr Miftah Ismail, advisor to the Prime Minister on finance, revenue & economic affairs, for supply of affordable raw materials to the textile industry to increase the …

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Industry hopes textile exports will jump to $13b this year

FAISALABAD: Textile exports have been going up steadily since the start of the current fiscal year in a positive sign that raises expectations that full-year proceeds will touch $13 billion after a hiatus of two years. Textile shipments jumped 7.66% year-on-year to $5.51 billion in the first five months (July-November) of the current fiscal year, …

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Uzbekistan, South Korea mull implementation of textile Techno Park project

The delegation of Uzbekistan visited South Korea to discuss the implementation of the project to create a textile Techno Park in the city of Tashkent. During the visit, the Uzbek delegation held talks with representatives of the Korean Institute of Industrial Technology (KITECH). The sides exchanged views on the state of implementation of the project …

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Govt disburses Rs14bn for textile sector under PM ‘s Export Enhancement Package

ISLAMABAD: The government has disbursed Rs 14 billion among the textile sector against claims for Rs 21 billion through the State Bank of Pakistan under the Prime Minister’s Export Enhancement Package till December 21. The Rs 162 billion Export Enhancement Package was aimed at helping the textile sector to gain competitiveness in the international market …

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Textile brands get behind China’s green shift

Consumers are willing to spend more on eco-friendly clothing and products, writes Helen Roxburgh When Sherry Poon set up her childrenswear clothing business, Wobabybasics, nine years ago, finding eco-friendly factories in China was a struggle, and finding organic cotton suppliers was nearly impossible. “We originally wanted everything to be both sourced and made in China, …

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Textile exports up 8 percent to $5.51bln in July-Nov

KARACHI: Textile exports increased around eight percent to $5.51 billion during the first five months of the current fiscal year of 2017/18 as value-added sector posted a decent growth, official data showed on Thursday. Pakistan Bureau of Statistics (PBS) data showed that textile industry, which accounts for over 60 percent of the country’s exports, fetched …

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