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13pc growth in exports, credit BREAK-THROUGH

goes to the GSP Plus extension INNOVATION WITH

The European Union’s extension in the GSP-Plus Appreciating PRGMEA’s role, he said the
status (Generalized System of Preferences) to government had identified textile as a key priority
Pakistan has resulted in increasing the exports of area and was striving to set the right policies and AN ECO-GREEN
value-added textile goods by up to 90%, leading to incentives that encouraged the private sector
exports growth by 13% during last eight months. investment in value-addition. He assured the
members of PRGMEA of resolving all their issues at
Addressing the launching ceremony of International the earliest.
Apparel Federation (IAF) membership in Pakistan A QUANTUM LEAP FORWARD IN AUTOMATIC WINDING.
INTRODUCING AN ENTIRELY NEW CONCEPT WHICH REMOVES
held at regional office of Pakistan Readymade While in his initial speech the PRGMEA Senior Vice LEVERAGE
Garments Manufacturers and Exporters Association Chairman Sheikh Luqman Amin treasured the THE EXISTING STRUCTURAL LIMITATIONS OF CONVENTIONAL
(PRGMEA), Federal Commerce Secretary Younus extension in the GSP-Plus. He said that “We have MACHINES.
Dhaga said the PM package in the shape of Duty succeeded in reaching this landmark simply due to
serious efforts of Ministry of Commerce and Textile.
Drawback on Taxes (DDT) for the exporters had also Renewal of GSP-Plus status is a golden opportunity
helped growth of textile exports. He added that for us to enhance our exports.” While he also
government was working on five-year Strategic Trade stressed on the need for formulating a clear policy in
Framework, according which branding, gender this regard, at the same time he called for ease of ENERGY SAVINGS UP TO 30%
ENHANCED PRODUCTIVITY UP TO 10%
equality and promotion of SMEs (Small and Medium business to jack up country’s industry to a much
Enterprises) to achieve exports target. competitive level.
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