Page 22 - November-December-2017

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Textile exporters demand

reduction in energy tariff

In an official meeting on November 4, 2017, the The meeting discussed a multitude of issues being
exporters of various textile products have demanded faced by the largest export industry of Pakistan and
the government to reduce the tariff of electricity and the facilitation given by the federal government.
gas for their industry to reduce the cost of doing Representatives of the associations appreciated the
business. The meeting of Federal Textile Board was federal government for providing policy and
chaired by Federal Minister of Commerce and Textile budgetary facilitations to textile industry of the
Mr Muhammad Pervaiz Malik and the State Minister country which resulted in an increase of textile
of Commerce and Textile Haji Akram Ansari. exports as compared to last year. Some demands
regarding the betterment of the industry situations
Other event attendees include the Textile Division were also placed at the meeting including the
secretary along with Ministry of National Food reduction of tariff, GIDC, custom refunds and sales
Security and Research secretary, senior officials of tax matter etc.
Textile Division, Commerce Division, Ministry of
Industries and Production and Finance Division. The In his closing remarks the minister said that the
chairmen and senior representatives of various textile government had taken bold steps to reduce
associations, including All Pakistan Textile Mills the cost of doing business and in this connection;
Association, Pakistan Readymade Garment this meeting had been called to finalize the
Manufacturers and Exporters Association, Pakistan proposals of the textile sector. He added that he
Textile Exporters Association, All Pakistan Textile would take up these matters with the prime minister
Processing Mills Association and others also to provide a platform for the development of the
attended the meeting. textile sector.

15.65% increase in readymade

garments exports in two months

The exports of readymade garments from the country 8.09%. The exports of towel decrease of 0.67 %.
during first two months of current financial year Towels worth US$ 116.782 million exported in first two
increased by 15.65% as compared the exports of the months of current financial year as compared the
corresponding period of last year. During the period exports of US$ 117.574 million of same period last
from July-August, 2017, around 6,326 thousand year, the data reveled.
dozens of readymade garments worth US$ 418.631
million exported as compared the exports of 5,217 Exports of textile group increased by 5.81% in first
thousand dozens valuing US$ 361.971 million of two-months of current financial year and were
same period last year. recorded at US$ 2.179 billion as compared to US$
2.059 billion of same period last year. The exports of
Meanwhile, exports of knitwear grew by 7.53% as raw cotton during first two-month was recorded at
about 20,334 thousand dozen of knitwear valuing 5,225 metric tons worth US$ 8.697 million as
US$ 439.258 million exported during the period compared the exports of US$ 10.197 million of same
under review as compared the exports of 17,776 period last year. During first two-months, exports of
thousand dozen worth of US$ 408.495 million of other textile materials grew by 13.29 % as above
same period last year said PBS. During the period mention products worth US$ 75.744 million exported
as compared the exports of US$ 66.85 million of
under review, exports of bed-wear increased by
same period last year.

November/December 2017