Page 19 - January-February-2018

18 19
Rs19bn disbursement in textile

sector by Govt.

The government disbursed Rs19 billion among the textile sector against claims for Rs 25 billion through the
State Bank of Pakistan under the Prime Minister’s Export Enhancement Package.

The Rs 162 billion Export Enhancement Package was aimed at helping the textile sector to gain
CPEC beneficial project for competitiveness in the international market in order to enhance the country’s exports, told a senior official of
Ministry of Commerce and textiles industry.
many countries: British HC “The government wants to revive confidence of the textile sector through the package. We are committed to
providing an enabling business environment to all the industrial sectors,” he added.

The official said, government had also given procedural and tax relaxations on the import of textile machinery
British High Commissioner in Pakistan Mr Thomas Drew Friday said for the modernization of industry and to enhance the capacity of the sector. Through this package, the cost of
the China-Pakistan Economic Corridor (CPEC) was a great project doing business would come down in the country.
which would also be beneficial for many other countries.

Addressing the business community here at the Multan Chamber of
Commerce and Industries (MCCI), he said Pakistan had great Schneider to head Cotton
importance for the UK which was providing assistance in different
projects. He said any country could get benefit of the CPEC, adding, Council International in 2018
British companies if given a chance would also take part in the mega
project by keeping in view their interest.
Ted Schneider, a producer from Lake Providence, LA, production. He currently chairs the NCC’s
will serve as president of Cotton Council International Sustainability Task Force and its Committee for the
He said Pakistan had great geographical importance in the world as it (CCI) for 2018. He and other CCI officers were Advancement of Cotton.
was sharing its borders with two big markets, including China and elected at the organization’s board meeting during
India. Besides this, Pakistan itself became a big market with a lot of the National Cotton Council’s (NCC) 2018 Annual
business opportunities, he added. Commenting on the issue for Meeting in Fort Worth, TX. CCI is the NCC’s export
getting British visa, Mr Thomas Drew said incomplete documentation promotion arm and carries out programs in more
or policy matters were the main reasons behind this issue. than 50 countries globally under the COTTON USA
Earlier, speaking on the occasion, President MCCI Malik Israr Ahmed trademark.
Awan said Pakistan and British had been enjoying friendly trade “As CCI’s president, I’m proud to lead its efforts in
relations for a long time. He demanded the British cooperation for the 2018 to show the global cotton supply chain that U.S.
development of value added sector. cotton is the cotton the world trusts because of its
quality, sustainability, innovation and premium value,”
Schneider said. “Our family farmers constantly use
and pursue the latest innovations and technologies
to farm sustainably and deliver uniform and
consistent cotton for less downtime, more
productivity and superior quality yarn, fabric and
products.”

Since 1984, Schneider has been the owner/operator Ted Schneider
of a 3,600-acre diversified farming operation located
in northeast Louisiana and southeast Arkansas that is
dedicated to sustainable, responsible agricultural

January/February 2018 January/February 2018