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Innovating the World of Textiles with

Change Is The Only Constant ITMA; Textile budget proposal
2019-2020

ITMA 2019, the world’s largest At Techtextil and Texprocess the
Editor-in-Chief international textile and garment textile and apparel industries
Yousaf Fareed
technology exhibition, will return to displayed their most progressive
Barcelona, Spain, from 20-26 June side and even in challenging times
Editor 2019. The exhibition will take place inspired a positive mood
Hassan Saeed
at the Fira de Barcelona exhibition throughout the sector as a result.
centre, CEMATEX reports. Visitors Record numbers of exhibitors and
Sub-Editor at ITMA will have the chance to see the highest levels of international
Ezzah Aqeel how Industry 4.0 solutions are participation to date have once
Mehwish Sheikh
impacting the textiles process chain. again confirmed Frankfurt as the
sector’s global marketplace. A total
Advisory Board: With 1,700 plus exhibitors from of 1,818 exhibitors from 59
Dr. Tanveer Hussain some 45 countries, ITMA is countries and 47,000 trade visitors
Dr. Muhammad Tausif expecting visitor-ship of over from 116 countries participated at
Shagufta Riaz
120,000 from about 147 countries the four day event.
with some 220,000 square metres
Marketing Manager of gross exhibition space. ITMA’s The total amount of Federal
Sana Sadiq industry conference and forums Budget 2019-20 put forwarded a
Saeed Ahmed
are the right platform for 1st class payout of Rs 71.48 billion for the
networking with Key decision textile sector as compare to Rs 60
Layouts makers, influencers and industry billion in 2016. Mr Shabbar Zaidi,
Faizan Khan
experts with knowledge of Global Federal Board of Revenue (FBR)
Insights, trends and issues. Chairman gave a presentation
Marketing Incharge about the budget proposals for the
Muhammad Khan
19 sectors will be exhibiting 2019-2020 and proposed various
integrated solutions for the entire steps to expand the tax base and
Adddress value chain including: Finishing, increase revenues. The adviser
C-302, City Towers Printing, Colorants & Chemicals, directed FBR to make tax
Main Boulevard, Gulberg II Garment & Embroidery, collection process further easier
Lahore-Pakistan
Nonwovens and braiding, and initiate measures to
Spinning, Winding & Testing, broadening the tax base.
Phone: + 92 42 35 788 700
International Conference on Textiles Fax: + 92 42 35 788 700 Weaving, Knitting and Logistics.
Meanwhile, Mr Agha Saiddain, PTA
Discussing innovation, emerging global issues and the solutions for textile industry Email: info@textalks.com Two Finalists have been unveiled Chairman has termed any move to
August 02-03, 2019 | Pearl Continental Hotel | Lahore, Pakistan. Skype: textalks for the second ITMA Sustainable withdraw zero rating irrational.
Innovation Award. The two According to Mr Syed Ali Ahsan,
categories of the award are: ITMA Chairman APTMA, the withdrawal
www.textalks.com
Industry Excellence Award and proposal of zero rating regime will
ITMA Research & Innovation (R&I) have a negative impact on export
Excellence Award. The winners of production and investments.
the ITMA Sustainable Innovation Exports will drop by 35pc. The
Award will be announced at a prize policies would deter local as well
Ministry of Textile Industry
presentation ceremony at ITMA as foreign investments and would
2019 on June 20, immediately increase the probability of
following the press conference. industry closure.
C-302, City Towers, Main Boulevard, Gulberg II, Lahore-Pakistan.
Ph: + 92 42 35 788 700, Cell: + 92 300 843 98 69
Email: info@textalks.com. www.textalks.com
May/June 2019 May/June 2019