Page 4 - July-August-2020

Clean Technology. 05

Smart Factory. New Textile Policy, Government

to promote export-led growth

The PTI government is actively industry must be regained, the
working on a new textile package share which has been long lost in
Editor-in-Chief to increase exports. The payment the international marketplace.
Yousaf Fareed of refund had been pending for the
last many years and hopefully it A total of 46 potential sites have
Editor would also be settled once for all been identified in Pakistan for
Hassan Saeed by December this year. establishment of Special Economic
Zones (SEZs) along various routes
Sub-Editor The PTI Government has come into of the China-Pakistan Economic
Ezzah Aqeel power it has paid Rs25.7 billion to Corridor (CPEC). 46 Special
Alexandros Ali Khan the textile sector under the first Economic Zones would be
phase of Prime Minister’s Trade established at 41,715 acres of land
Advisory Board: Enhancement Package by June across the country.
Dr. Tanveer Hussain 30. Rs 2.6 billion were disbursed to
Dr. Muhammad Tausif the textile sector in first two According to Mr Abdul Razzaq
months. Dawood, Advisor to Prime Minister
Marketing Manager on Commerce, the incumbent
Kaiynat Khan Textile division has identified three government is determined to
Saeed Ahmed pressing export impediments as promote regional trade and export
well as enlisted many reasons for led growth of economy. He further
Layouts not achieving the targets including added that Pakistan trade deficit
Faizan Khan lack of skills development, would benefit from regional trade
infrastructure, product and market by an increase in exports. The
Marketing Incharge diversification, compliance, cotton government would give priority to
Abdul Mughees standards, cluster development, promotion of export-led growth by
cost of doing business & ease of enhancing exports and reduce
Adddress doing business, combined effluent dependence on imports, adding
C-302, City Towers treatment plant, revitalization of that it had identified many sectors
Main Boulevard, Gulberg II textile and garment cities, that would boost exports.
From Melt to Yarn, Lahore-Pakistan unnecessary import of textile

Fibers and Nonwovens Phone: + 92 42 35 788 700 goods, increase in cotton yield and Highlighting the importance of
value addition, he added that
production of long staple cotton,
Fax: + 92 42 35 788 700 SME development, pending agriculture exports alone cannot
liabilities, tariff rationalization and enhance the country exports. The
Oerlikon Manmade Fibers Segment with the product brands Oerlikon Barmag, Oerlikon Email: info@textalks.com regulatory regime. advisor further drew attention to
Neumag and Oerlikon Nonwoven is one of the leading provider for filament spinning systems, Skype: textalks the significance of regional
texturing machines and BCF carpet yarn, staple fiber spinning as well as nonwovens solutions. APTMA spokesperson highlighted economic and trade integration
www.textalks.com that the growing trade deficit can promotion to increase trade with
For further information visit us at www.oerlikon.com/manmade-fibers
solely be met by fashioning an regional countries which include
export led growth policy. Therefore, Iran, Afghanistan, India and Central
those advocating for the support of Asian States. This promotion
Spinning Creeling Drying Cutting
Continuous Polycondensation local industry don’t seem to be strategy will be based on
well-wishers of Pakistan as well as increasing the country’s exports to
Transfer Line
the government, since the compete with regional as well as
Gear Metering Drawing/Cooling Baling
Pumps restoration of competitive global players in the international
Spinning/ advantage of the export led market.
Quenching
Take-up/Winding Doffi ng
Texturing

July/August 2020

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