Pakistan - Textile Industry Overview
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1st INTERNATIONAL CONFERENCE ON VALUE ADDITION AND INNOVATION IN TEXTILESPakistan | TQ | 28 April 2011 Government of Pakistan, Ministry of Textile Industry2nd Floor, FBC Building, G-5/21st INTERNATIONAL CONFERENCE ON VALUE ADDITION AND INNOVATION IN TEXTILESNational Textile University (NTU), Faisalabad is the leading national institution of Pakistan imparting quality education in the field of textiles since 1962. The university maintains a strong linkage with the industry. Its strength can be gauged from the fact that more than 85% textile industry is being managed by its graduates. 2. The University has recently undertaken a number of steps to establish linkages with the leading universities/research institutions of the world to enhance the research activities in textiles. In order to increase the cohesion among the researchers, academics, process managers and engineers, university is organizing an International Conference on Value Addition and Innovation in Textiles (COVITEX-2011) on 14-15 March, 2011 in collaboration with HEC and some foreign universities in the NTU, Faisalabad. The main objective of the conference is to present, discuss and disseminate the state-of-the-art knowledge in textile material, research and innovation. Technical papers will be presented by textile experts on various topics from fibre to end products of textiles. More than 250 national and international textile professionals are expected to participate in this conference including delegates from United Kingdom, Australia, France, China, Iran, Turkey and Sri Lanka. 3. Further information in this regard can be obtained from the Website: www.covitex2011.com. The last date for registration is 8th of March, 2011. Electronic Government Directorate, Ministry of IT & Telecom, Government of Pakistan.All Rights Reserved. | Terms of Use | Privacy Policy | ... |
Rs.1.61Billion released against various Schemes of Textile Ministry:Pakistan | TQ | 9 February 2011 Islamabad: February 9th , 2011Federal Minister for Textile Industry, Rana M. Farooq Saeed Khan said that implementation of Textile Policy devised in 2009 was steering the textile sector in right direction as it can be seen by the sustained growth in textile exports for the last two years. The minister said this after announcing the release of funds to the tune of Rs.1.61 billion against various textile policy support schemes. Mr. Farooq also said that the timely release of funds by his ministry was proving helpful in supporting various textile initiatives.It may be noted that the textile ministry has previously released Rs.4825.00 million against various support schemes out of original allocation of Rs.7.5 billion. Moreover, a request has been sent to SBP (State Bank of Pakistan) to immediately disburse the released funds. Instructions regarding the remaining amount of Rs.1.065 billion out of total Rs.7.5 billion will be issued later on.“Textile Ministry under the visionary leadership of President Asif Ali Zardari will keep on working sincerely for the sustained expansion and growth of Textile sector”, added the minister.Electronic Government Directorate, Ministry of IT & Telecom, Government of Pakistan.All Rights Reserved. | Terms of Use | Privacy Policy | ... |
2nd Meeting of the Cabinet Committee on TextilePakistan | TQ | 1 January 2011 Federal Minister for Textile Industry, Rana. M. Farooq Saeed Khan presided over the 2nd meeting of the Cabinet Committee on Textile here today to review the production, prices and domestic availability of Cotton Yarn. Federal Secretary for Textile Industry Dr. Waqar Masood Khan briefed the meeting on the production trends, exports and availability of yarn for the value added export sector. After in-depth deliberation in which all factors were examined, it was decided that corrective measures are required to be taken urgently to provide a level playing field to all stakeholders in the textiles chain and need of all should be fulfilled in a competitive manner. The Cabinet Committee therefore, took the following decisions:- § Exports of yarn will be allowed only against L/Cs and advance cash received through normal banking channels and following registrations of contracts with the Trade Development Authority of Pakistan (TDAP). § Customs duty on import of cotton yarn falling under Chapter 52 of the Harmonized Tariff Schedule will be removed with immediate effect. § The Cabinet Committee will keep the Yarn exports under review and may take corrective measures if exports cross the level of 50 million kg per month.Meeting was attended by Mr. Nazer Muhammad Gondil, Federal Minister for Food & Agriculture, Ms. Hina Rabani Khar, State Minister for Finance, Mr. Zafar Mahmood, Secretary, Ministry of Commerce, Mr. Abdul Ghaffar Soomro, Secretary, Industries & Production, Mr. Muhammad Zia-ur-Rehman, Secretary, Food & Agriculture, Mr. Muhammad Saleem Khan, Secretary, Investment, Rao Manzar Hayat, Secretary, Industries Government of Punjab, Dr. S.M. Younus, Member, Planning Commission, Mr. Munir Qureshi, Member Customs, Federal Board of Revenue, Mr. Ahmed Hussain, Joint Secretary, Ministry of Finance, Mr. Tahir Hussain, Commissioner, Faisalabad and Mr. Mohid Ullah Shah, CE, TDAP and officers of Ministry of Textile Industry participated in the meeting. The next meeting of the Committee will be held on 8th January, 2010.Electronic Government Directorate, Ministry of IT & Telecom, Government of Pakistan.All Rights Reserved. | Terms of Use | Privacy Policy | ... |
Pakistan to export cotton to India after 16 years` gapPakistan | TQ | 1 January 2011 ISLAMABAD(Business Recorder): Pakistan will export 3,000 bales of raw cotton to Indiaafter a 16 years' gap, sources told Business Recorder on Friday. Textileexports during 2006-07, worth $10.8 billion, increased by 5 percent against$10.2 billion in 2005-06 but failed to achieve the $11.5 billion target set forthe year. This export consignment, of 3000 bales, will be of low grade cotton costing Rs35 million, at average rate of 48 to 50 cents per pound. Pakistan last exported cotton to India after 16 years back in 1991-92. India's current season cotton productionis around 27 million bales against consumption of 23.5 million bales, a surplusof 3.5 million bales but it exported 4.5 million bales, which created someshortage. India's exports have surged by 110percent, rising from $7.8 billion in 1999 to $18 billion in 2007. Pakistan may again miss the textile exporttarget of $11.40 billion for 2007-08 owing to increasing energy crisis due towater shortage in reservoirs. During July-December of 2007-08, total textileexports amounted to $5.228 billion as compared to $5.489 billion for thecorresponding period of 2006-07, showing 5 percent decline so far. The textile sector is going through severe crisis as almost 70 percentindustrial units have been closed due to the prevailing energy crisis thatincludes severe power load shedding and low gas pressure. Keeping this in view,the government has decided to follow the standards set by the World TradeOrganisation (WTO) for enhancing exports.Electronic Government Directorate, Ministry of IT & Telecom, Government of Pakistan.All Rights Reserved. | Terms of Use | Privacy Policy | ... |
Textile Ministry assures cooperation to Textile IndustryPakistan | TQ | 14 December 2010 Islamabad December 14th , 2010Rana M. Farooq Saeed KhanTextile Ministry assures cooperation to Textile Industry: Federal Minister for Textile Industry, Rana M. Farooq Saeed Khan, presided over a meeting here that was attended by representatives from various textile associations and stakeholders. The agenda of the meeting was to discuss RGST and its possible implications on textile industry. Ejaz Gohar, chairman of APTMA, said that APTMA was not against the imposition of RGST but to the mechanism of its collection. He said that the textile sector had a long value chain and under RGST Rs 517 billion refunds of textile chain would be stuck up with the government further exacerbating the already worried sector.The representatives of textile associations said that the government should not withdraw zero rated regime on textile exports as the industry was already facing liquidity crunch. They all agreed that domestic consumption should be taxed and that they would support it if the sole purpose of the government was to collect tax.Federal Minister said that government’s vision was clear which is ‘to protect the textile industry’ as it was the country’s economic backbone and a key sector.“The PPP government knows the importance of textile sector and all necessary steps would be taken in consultation with all the stakeholders to protect and promote the industry”, said the minister.Later, the heads of textile associations and stakeholders submitted a signed paper (containing their joint recommendations and proposals) to the minister and requested that these be forwarded to the government for consideration.The minister said that the government should introduce the tax but in consultation with all the stakeholders. The minister also welcomed the proposals and assured the participants of his ministry’s cooperation.“Textile Ministry would do all it can to alleviate the fears of textile industry”, added the minister. Electronic Government Directorate, Ministry of IT & Telecom, Government of Pakistan.All Rights Reserved. | Terms of Use | Privacy Policy | ... |
Meeting of the probationers of Commerce & Trade with Textile MinisterPakistan | TQ | 1 November 2010 A delegation of the under training officers of Commerce & Trade Group at Pakistan Institute of Trade and Development (PITAD) called on Rana M. Farooq Saeed Khan, Federal Minister for Textile Industry in Islamabad today. The delegation of PITAD was led by Director Shafiq Shezhad. Federal Minister apprised the under training officers about different steps and initiatives taken by the Textile Ministry for the development and promotion of the sector. He said that present age is the age of economic diplomacy and officers of the trade service are future of the country. The survival of the country lies in trade. Presently, Pakistan is passing through tough times as it is encountering huge trade deficit.Mr.Farooq said that the present Government of PPP has started a reform process in the textile sector by announcing the first ever Textile Policy of the country. The industry has started reaping fruits of the policy as is evident from the rising exports of the sector. Textile exports have increased by more than 20% in the first half of the current financial year. He also said that textile exports can cross the mark of US$ 15 billion in couple of years if un-interrupted supply of gas and electricity is ensured for the industry. The minister told the probationers that they are the future of the country and as CT&T officers their focus should be on exports of higher value-added products. Pakistan has the potential to export textile products of more than US$ 25 billion but for that we need to move higher up the ladder into high end markets. We cannot achieve this target by exporting our raw products to our competitors as we are doing this presently. He also advised the under training officers to work hard and serve the nation in a befitting manner as true civil servants of the country.Electronic Government Directorate, Ministry of IT & Telecom, Government of Pakistan.All Rights Reserved. | Terms of Use | Privacy Policy | ... |
EPZA participating in garment, textile exhibitionPakistan | TQ | 4 March 2008 KARACHI (April 16 2008): To attract investment in the value-added export oriented textile industry of Pakistan, the Export Processing Zones Authority (EPZA) is participating in theinternational Machinery Exhibition of Garment and Textile Technology (MEGATEX2008) at Expo Centre Karachi from April 15-18, 2008. To highlight EPZA's one window operation facility and easy procedures for doing business at the EPZ's of the country and to establish effective interaction with key personnel of the trade an exclusive briefing session on EPZA has been arranged on the subject of investment. Chairman EPZA, Kamran Mirza will give the briefing and investment executives of EPZA will interact with potential investors. EPZA is currently offering developed land along-with all infrastructure facilities, cheaper electricity,water and gas under one window operation in Export Processing Zones located in Karachi,Sialkot, Risalpur and Gujranwalafor garment and textile industry. The Karachi Export Processing Zone (KEPZ) consists of three phases including fully operational KEPZ Phase I with an area of 211 acres, KEPZ Phase-II with anarea of 94 acres where construction of factory buildings has already started and KEPZ Phase-III with an area of 200 acres which is right now in the designing/planning stage.Electronic Government Directorate, Ministry of IT & Telecom, Government of Pakistan.All Rights Reserved. | Terms of Use | Privacy Policy | ... |
Wide fluctuations on cotton marketPakistan | TQ | 1 August 2007 LAHORE-Business Recorder (August 24 2007): Cotton prices in the ready market have been very prone to fluctuate according to the weather condition, particularly rains which have been falling off and on with interruptions during the past couple of weeks in Sindh. Both Sindh styles and lint from Punjab lost nearly Rs 125 per maund (37.32 kgs) on Thursday morning compared to the overnight rates. Seedcotton (kapas/phutti) prices also conceded Rs 75 to Rs 100 per 40 kgs upon the perception that rains had ceased in the cotton growing areas in Sindh. Later in the evening, however, with news that fresh rains had fallen in such Sindh stations as Matiari, Tando Adam, Sanghar and Khipro, sellers tried to hold some offers but without much effect.Sindh styles which were selling between Rs 3,150 to Rs 3,175 per maund (37.32 kgs) on last Wednesday started selling at progressively lower rates on Thursday morning viz. Rs 3,125, Rs 3,100, Rs 3,075 and Rs 3,050 per maund. Punjab lint which was generally selling between Rs 3,250 to Rs 3,300 per maund on last Wednesday started selling decreasingly at lower rates in the afternoon ie Rs 3,125, Rs 3,100, Rs 3,075 and Rs 3,050 per maund.Seedcotton (kapas/phutti) which was selling from Rs 1,375 to Rs 1,410 per 40 kgs on last Wednesday in Sindh sold lower on Thursday between Rs 1,325 to Rs 1,350 per 40 kilogrammes. In the Punjab, seedcotton which was selling between Rs 1,550 to Rs 1,625 per 40 kgs sold lower on Thursday from Rs 1,500 to Rs 1,525 per 40 kilogrammes. According to one report, about 15,000 to 17,000 bales are now being ginned daily in both Sindh and Punjab. However, cotton prices may only come down when daily output figure goes to 35,000 bales or more which may take another few weeks.In the evening, though cotton prices started being quoted higher compared to prices prevailing earlier in the day, mills remained cautious buyers as they had covered some of their immediate requirements previously.Moreover, financial stringency and mostly depressed or uncertain New York futures put mills buying in a cautionary mode.Domestic cotton ... |