Page 4 - July-August-2018

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Hopes on new government for
Editor-in-Chief
Yousaf Fareed industry revival; Textile sector

Editor potential to double exports
Hassan Saeed
After the elections, with the new process for the bilateral preferential
Sub-Editor government in charge, textile trade agreement that is likely to
Ezzah Aqeel industry has high hopes that the enhance local exports to the South
Alexandros Ali Khan new textile policy will turn things East Asian country by $210 million
around and will solve the issues a year.
Advisory Board: currently hampering the growth of
Dr. Tanveer Hussain textile manufacturing and exports During the last year, out of $23
Dr. Muhammad Tausif in the country. While the previous billion total exports, APTMA has
Imran Sarwar government also had decent policy contributed over $11 billion which
document, the poor is more than 50% of the total
Marketing Manager implementation failed to revive the country’s exports and it still has the
Kaiynat Khan textile sector. Hence, the challenge potential of adding of adding
Saeed Ahmed is to not only present good policies another $24 billion under enabling
but also implement these policies. business environment.
Layouts
Faizan Khan According to a senior official of the According to PBS data, in the first
ministry of commerce, Free Trade 11 months of the current fiscal year
Marketing Incharge Agreements (FTA) were under 2017-18, the textile exports rose
Abdul Mughees negotiations with Turkey, China, 9.82 percent to $12.336 billion. In
and Thailand. China has agreed to May, total exports stood at $2.144
Adddress provide market access to 58 items billion, up staggering 32.4 percent
C-302, City Towers shared by Pakistan, besides year-on-year, but they were
Main Boulevard, Gulberg II providing concession on all items marginally up 0.52 percent
Lahore-Pakistan included in the offer list. Also, month-on-month. The country's
signing the FTA with Thailand will total exports rose 15.3 percent to
Phone: + 92 42 35 788 700 get Pakistan benefits of $200 $21.345 billion in the July-May
Fax: + 92 42 35 788 700 million. Starting September, period.
Pakistan and Thailand would
Email: info@textalks.com present their final list for the FTA in The Ministry of Commerce and
Skype: textalks the coming round of negotiations. Textile has revealed that under the
Both sides have exchanged the prime minister’s trade
www.textalks.com final offer lists of items for free enhancement package by June 30
trade, including automobile and 2018, Rs 25.5 billion has been
textile sectors to remove the given to the textile sector in first
reservations of both sectors. He phase and Rs2.6 billion was
further added that Pakistan and disbursed to the textile sector in
Indonesia have finalized the review first two months during Phase II.

July/August 2018