Page 11 - April-May-2017

Chinese cotton sales will 11

keep imports low

Leading associations of textile industry have payment of outstanding sales tax refunds against
demanded steps from the federal government for RPOs already issued.
revival of textile industry. The leadership from All
Pakistan Textile Mills Association (APTMA), Pakistan The joint communiqué said there should be one
Textile Exporters Association (PTEA), All Pakistan energy price across the country in order to remove
Textile Processing Mills Association (APTPMA), disparity in energy price for industry. In this respect, it
Pakistan Hosiery Manufacturers Association (PHMA), is proposed that the five exporting sectors being zero
Pakistan Readymade Garments Manufacturers & rated by the FBR should be also zero rated from
Exporters Association (PRGMEA) and Towel surcharges of Rs. 3.63 including TR, FC & NJ
Manufacturers Association (TMA) held a joint press surcharge to bring the tariff in line with the regional
conference at the APTMA Punjab office. competitors. Electricity tariff should not be more than
Rs.7/kWh and the RLNG should be merged with the
The industry associations demanded payment of system gas to arrive at weighted average cost of gas ITMA highlights innovation for its
refunds, duty drawbacks against exports and (WACOG) in order to provide uniform pricing to the
competitive energy price, enabling textile industry to industry. The rate should not be more than
perform. Rs.600/MMBTU inclusive of GIDC which is closer to second Barcelona edition
the rate of international competitors, it added.
The joint communique demanded reimbursement of
duty drawback amount under the Prime Minister’s Speaking on the occasion, Chairman APTMA Aamir ITMA 2019 online space application opens in May
“Export led Growth package” announced on Jan 10, Fayyaz urged the Prime Minister and Finance
2017, should be immediately made to the claimants Minister to immediately pay sales tax refunds and ITMA, the world's largest textile and garment enquiries for participation.
and all future payments be timely made to the drawbacks to the exporters. technology showcase will continue its focus on
manufacturers cum exporters on realization of export innovation for its upcoming edition in Barcelona in Mr A.E. Roberts, Chairman of ITMA Services, said:
proceeds. It also sought withdrawal of FBR Leadership from other associations stressed the June 2019, with the main theme of the show being "ITMA was last held in Barcelona in 2011. We expect
instructions to roll back RPOs, enabling immediate federal government 'Innovating the World of Textiles'. strong response when the exhibition returns to the
city after eight years. A host of exciting highlights and
Mr Fritz P. Mayer, president of CEMATEX, the knowledge-sharing activities have been planned
European Committee of Textile Machinery which give added value to exhibitors and visitors
Manufacturers, which owns the ITMA exhibition, alike.”
explained: "The increasingly high level of automation
Chinese textile industry exploring and digitisation in combination with real time data ITMA 2019 is expected to feature over 1,500
tracking and interconnection has spawned the 4th
exhibitors from 45 countries spread over 100,000
opportunities in Pakistan industrial revolution and the emergence of smart square metres of net exhibition space. It will be held
from 20 to 26 June at Fira de Barcelona, Gran Via
factories. ITMA is a unique showcase of live
machinery demonstrations and innovative solutions
venue.
that boost productivity and profitability.
At times when CPEC has made Pakistan a place Textile Mills Association (APTMA). While Online space application will open on 4 May 2017.
of great interest for the investors, the increasing addressing the attendees he also placed an "For this latest edition of ITMA, we have chosen to Interested participants can visit www.itma.com to find
business costs and alarming environmental issues emphasis on the need of adjustments to promote focus the industry's attention on innovation which out more about the show, including the sector
in China has made Pakistan an ideal place to the textile industry. He added to his discussion, “It creates a competitive advantage for manufacturers. allocation plan, exhibition schedule and attractive
relocate the textile industry of china said was so by will help in balancing trade of both nations.” He Sustainable innovation that drives growth for the space rental package. For participation enquiries,
the leader of a Chinese delegation and the VP of also said that the aim is to promote a textile and garment industry will continue to be please email: application@itma.com.
Tianjin People’s Association for Friendship with the multidisciplinary, multiple formats and diversified emphasised at the exhibition.”
Foreign States, Mr. Chen Weiming. development of the modern textile industry. The last ITMA exhibition, held in Milan in 2015,
Speaking on the occasion, the VC of APTMA Mr. As many leading textile machinery and raw material featured exhibits from the entire textile and garment
The thoughts were shared while addressing the Zahid Mazhar welcomed joint ventures in the manufacturers, and service providers look forward to making value-chain spread over 108,268 square
attendees of a meeting of members of All Pakistan textile sector. the exhibition to launch or promote their latest metres of net exhibition space. It drew the
innovations, the organiser of ITMA 2019, ITMA participation of 1691 exhibitors from 46 countries and
Services, has already been receiving numerous visitorship of almost 123,000 from 147 countries.