Page 5 - July-August-2017

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Budget 2017-18, the impact on

textile sector; Techtextil sets new
Editor-in-Chief
visitor and exhibitor records;
Yousaf Fareed

Editor FESPA print expo
Hassan Saeed
Proposed on 26th of May 2017, the trade and economic policy makers
Sub-Editor amount of budget of Pakistan is Rs. and the government of Pakistan. It
Saba Noor 5, 104 billion. The development also unfolds the latest arrangement
Alexandros Ali Khan expenditure for next year will be Rs. on the restoration of sustainability
Farooq Malik 1,001 billion, 40% higher than the Rs. and growth of the textile industry,
715 billion allocations last year. prepared by APTMA.
Advisory Board: Previously, the inflation was about
Dr. Tanveer Hussain 12% from 2008 to 13. In current year, On the other hand, Techtextil sets
Dr. Muhammad Tausif inflation is expected to be around new visitor and exhibitor records with
4.3%. Exports during the first ten user fairs of high-tech textile. Special
months of the current year have ‘Living in Space’ exhibition of
Marketing Manager shown an overall decrease of 1.28% Techtextil recorded over 33,670
Mohammad Ahmed compared to 7.8% decline during visitors from 104 countries who
Mohammad Khan the same period last year. made their way to Techtextil from 9 to
Abdul Haseeb 12 May 2017. A new record was also
The government has associated this set on the exhibitor side with 1,477
Layouts problem to timely support to companies from 55 countries taking
Faizan Khan exporters in shape of a part in the two fairs. The concurrent
comprehensive package of Rs.180 Texprocess, Leading International
Circulation Incharge billion in January 2017 and Trade Fair for Processing Textile and
Abdul Mughees commitment of the exporters. The Flexible Materials, attracted 312
major beneficiary of the said exhibitors from 35 countries and
package was assumed to be the 13,718 visitors from 109 countries.
Adddress textile industry. APTMA said that the The visitors at Texprocess also
C-302, City Towers budget 2017-18 has disappointed checked the products and services
Main Boulevard, Gulberg II the textile industry as the at the Techtextil. Other focused areas
Lahore-Pakistan government has not announced the included; Textile clothing and
implementation of the proposals technology, Meditech, mobi-tech,
Phone: + 92 42 35 788 700 given by the industry. Moving further sport-tech, cloth-tech, and apparel
Fax: + 92 42 35 788 700 in this regard the APTMA authority shows.
demanded further support from the
Email: info@textalks.com government. FESPA Dare to Print Different, the
Skype: textalks largest printing expo witnessed a
The inattention of the authorities has large number of visitors from around
led to the point where the Pakistan the globe. Occupying 10 halls with
www.textalks.com
had lost a prominent percentage of specially assigned zones for digital,
shares for textile exports in the screen and textile printing the event
global market. With a loss of about was successful at Hamburg Messes
23%, from 2.2% to 1.7%, the and became a biggest ever edition
situation is raising questions for the of the global print.