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The new textile policy to be

finalized soon: Asad Umar Next, Byford &

Advance Denim

The textile industry is the backbone of Pakistan's GDP. The textile industry has been the focus of every
Government. Textile Sector employs about 45% of the total Labor force in the country. The revival of the textile
industry in the era of the current Government is exceptional. The stakeholders are curious about the
upcoming textile policy, which could have a considerable impact on exports. join US Cotton

Asad Umar, Minister for Planning and Development, said at a briefing of business people and industrialists in
Faisalabad that a new textile policy is being formulated, which will be finalized soon. The textile policy will
undoubtedly help the country maintain the current tempo, is nearing completion. Trust Protocol

Talking about his meeting with Faisalabad Industrial Estate Development and Management Company
(FIEDMC) officials, he said it centered on issues hampering work in the Allama Iqbal Industrial Estate. He
underlined that the Government was focusing on strengthening the manufacturing sector with Chinese Next and Byford are renowned brands of UK. The data collection and independent third-party
cooperation in the second phase of the China-Pakistan Economic Corridor (CPEC).
brands sign up to US Cotton Trust Protocol that will verification.
help them to source all cotton from responsible
Umar requested FCCI President Hafiz Ihtasham Javed to prepare a comprehensive report on the business
community's problems and their solutions to be incorporated into the budget for the next fiscal year. Speaking sources by 2025. The U.S. Cotton Trust Protocol Advance Denim, one of the top three Chinese denim
provides fashion brands and retailers with the critical
manufacturers, became a U.S. Cotton Trust Protocol
on occasion, Javed said that if electricity and gas subsidies were withdrawn, the industrialists would lose their information they need to show the cotton fiber member – noting that it joined because it wanted to
competitive edge in the international market.
element of their supply chain is responsibly grown. It source more sustainable fiber through this
works by providing member brands with verified sustainability initiative. Advance Denim joins more
data on the sustainability practices used on U.S. than 200 other Trust Protocol member mills and
cotton farms, with participating growers collecting manufacturers which play a key role in providing a
data in six key areas of sustainability: water use, more secure and transparent supply chain to brands
greenhouse gas emissions, energy use, soil carbon, and retailers.
Pakistan lands an enhanced position on soil loss, and land use efficiency. Advance Denim stated that as a Trust Protocol

Byford, founded in Leicester, UK with its origins
member, Advance Denim now can provide its
World Bank ease of doing business index dating back the early 20th century, is dedicated to customers with all-important confidence about the
quality garments, reflecting a commitment to high
U.S. cotton in their sourcing mix. Recent Google
standards of design and craftsmanship. Today, the Trends data reveals that online searches for new
As per World Bank’s latest rankings on ease of doing business for 2020, Pakistan has improved its position by brand has more than 1,500 sales points in over 20 denim styles have increased exponentially over the
28 points from 136 to 108 which is an unprecedented improvement, report said. After this integration, SECP’s markets around the world. Byford said that “By last year across the world, with a 1300% increase in
eServices is offering one window facility for company registration with FBR (NTN registration), EOBI, provincial working with them, we are now able to monitor and ‘denim masks’ and 110% increase in ’denim cargo
employees social security institutions (PESSI/SESSI), Labor Department and Excise and Taxation Department track sustainability improvements, including shorts.’
of Punjab and Sindh. greenhouse gas emissions. Our direction as a brand
is to use more authentic and ethically sourced fabrics Dr. Gary Adams, president of the U.S. Cotton Trust
This improvement is primarily due to integration of SECP e-Services with the Federal Board of Revenue (FBR) and the Trust Protocol gives us confidence the cotton Protocol, said, “The Trust Protocol’s emphasis on
and the Employees Old Age Benefits Institution (EOBI) at the Federal level and with Business Registration we purchase is from a more sustainable source.” measurement and independent verification provides
portals of Punjab and Sindh at the Provincial level. the confidence and trust that a brand is using
Next’s 2025 target to source 100% of its main raw responsibly grown cotton and producing a product
As a result of this reform, number of procedures to start a business as recorded in the Doing Business Report materials through known, responsible or certified that consumers can believe in. With each member
2020 have been reduced from 10 to 5 and Pakistan has been able to ranked at first in South Asia and 6th routes means that it will only use cotton produced in that joins, we have greater resources to help provide
among the top ten reformers globally. line with key sustainability performance indicators. tools and knowledge to U.S. cotton farmers to help
The U.S. Cotton Trust Protocol underpins and them continuously improve their sustainability
The administrative powers under the STA relating to operationalization of the STR have been entrusted to the verifies sustainability progress through sophisticated practices.”
Commission through the Financial Institutions (Secured Transactions) (Amendment) Ordinance, 2020. The
SECP, with financial support from DFID (UK), has launched the STR on April 30, 2020.

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