Page 5 - January-February-2021
P. 5
05
Virtual TEXPO was successfully executed, Pakistan
facing a direct loss due to cotton production drop
Trade Development Authority of to recover from the loses of billions
Editor-in-Chief Pakistan (TDAP) decided to make and secure the livelihoods.
Yousaf Fareed
the exhibition virtual due to the
COVID-19 situation. The 1st Going from 15 million bales to 5.5
Editor International Virtual Textile million bales, this is the lowest
Hassan Saeed
Exhibition (TEXPO) started on 1st production rate in three decades.
to 5th February 2021. Moreover, 700$ million worth of
Sub-Editor Cotton seed, animal feed (khal) of
Dr Sharjeel Abid The initiative was also supported $1.5 and cotton and wood used as
Noor Amjad by the leading textile exporters, fuel is an addition loss. This
Dr Shagufta Riaz
including Gul Ahmed, Interloop, highlights how ignorant the
Lucky Textile Mills, Chen One, government is being by not taking
Advisory Board: Soorty Enterprises, Masood quick action to fix this crisis which
Dr. Tanveer Hussain Textiles, and Bari Textile Mills. The has been affecting growers,
Dr. Muhammad Tausif
virtual environment allowed visitors ginners, as well as textile industry.
to locate and engage with
Marketing Manager exhibitors more quickly than they The global cotton production is
Memoona Karim would in a physical environment. expected to decline by 8% to 24
Abdul Haseeb
million tonnes in the coming
It remained operational 24/7 that season, with the double-digit
Layouts helped international visitors to decreases in crop size projected
Faizan Khan
explore the potential of Pakistan's in the United States, Brazil,
Textile Industries and their diverse Pakistan, West Africa, Turkey and
Marketing Incharge product portfolio irrespective of Uzbekistan. Due to those
Tanveer Ahmed
their time zone. The event boosted decreases, the decline is expected
Pakistan's textile industry and its to be in cotton consuming
Address potential globally. Fifty-seven countries that rely on domestic
C-302, City Towers exhibitors visited the TEXPO, and production to feed their mills;
Main Boulevard, Gulberg II this year, TEXPO has captured new global trade is projected to
Lahore-Pakistan
markets from Eastern Europe, Far rebound in 2020/21 to 9.3 million
East Asia, and the Central Asian tonnes. Two of the world’s top
Phone: + 92 42 35 788 700 Republic. exporters, the USA and Brazil, are
Fax: + 92 42 35 788 700
estimated to see 45% and 17%
The loss that the country is facing increases in the coming season,
Email: info@textalks.com due to the scarce production of respectively.
Skype: textalks
cotton has been the talk of the
textile town for quite some time On the other hand, Abdul Razak
www.textalks.com
now and still the government has Dawood, Adviser to Prime Minister
taken no action to make the for Commerce and Investment,
situation any better. Pakistan notified that trade order worth 2
Cotton Ginners Association million dollars were received by
(PCGA) is now demanding that Pakistan companies and 3 million
emergency measures be taken by dollars’ worth of deals were under
the government to boost cotton process in the International Trade
yield so that the country can start Fair held in Khartoum (Sudan).
January/February 2021
