Page 5 - November-December-2016
P. 5
5
Bailout package proposed for
textiles; 75th plenary meeting
Editor-in-Chief of ICAC; an up rise in cotton
Yousaf Fareed
crop of Pakistan in 2016/17
Editor
Hassan Saeed
Govt. of Pakistan recently proposes will be exhibiting their products in the
Sub-Editor a bailout package of 200 billion PKR event
Farah Mirza for the revival of textile sector in
Farooq Malik Pakistan. The Minister of Commerce 75th plenary meeting of ICAC
Saba Noor Engineer Khurram Dstagir provided (International Cotton Advisory
Qaiser Hameed the details to the media. The Committee) was held in Islamabad
summary says that the government from 30th October to 4th November
Advisory Board: will provide incentives to the industry 2016. 378 persons, including
Dr. Tanveer Hussain in shape of relief on taxes and representatives from 14 Members, 4
Dr. Yasir Nawab certain measures to enhance the international organizations and the
Dr. Muhammad Tausif value of the industry. A six mem- non-member countries attended the
bered committee of stakeholders meeting. Some of the main findings
from relevant industry reviewed the of the meeting are that; Cotton
Marketing Manager challenges faced by the textile demand exceeds production for the
Abdul Haseeb industries and formulated compre- second consecutive year; Competi-
Mohammad Ahmed hensive recommendations to tion from polyester is cotton’s
enhance the productivity of textile greatest competitive threat; Reduc-
Layouts industry in Pakistan. ing the water footprint of cotton and
Faizan Khan increasing farmers’ income go hand
In APTMA meeting, the Govt. of in hand; Tackling climate change
Circulation Incharge Pakistan was demanded an immedi- requires international collaboration
Mohammad Bilal Khan ate revival of packages to avoid any and World Trade Organization
further downfall in exports. Addition- supports reduction in export subsi-
ally, demands were placed for the dies and domestic support for
Adddress sustained and low price of resources cotton etc.
C-302, City Towers like electricity and provision of
Main Boulevard, Gulberg II facilities like gas in the industry. Recent reports suggest that Pakistan
Lahore-Pakistan is expected to witness an up rise in
Heimtextile is one of the most terms of cotton output in 2016/17.
Phone: + 92 42 35 788 700 important and mega international There is an improvement seen in the
Fax: + 92 42 35 788 700 trade fair that present contract and cotton crop this year and is expect-
home textile. The coming event is ed that the trend will remain the
Email: info@textalks.com planned to be held from 10th to 13th same in coming year as well.
Skype: textalks of January 2017, in Frankfurt. It will Favorable weather conditions are
be the first trade fair for the year said to be the main reason for this
2017 in textile sector. The event is satisfying result. An estimate is
www.textalks.com
important and considered as a trend made that the cotton crop in
barometer for the textile industry and Pakistan will be around 10.6 million
gives a preview of trend coming up bales this year which is slightly
in the year ahead. All the major higher than the previous year’s crop
player of home textiles in Pakistan of 9.7 million.
November/December 2016
