Page 4 - November-December-2020

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Textile Policy 2020-2025 industry bounces back
stronger; World Cotton Day celebrated in Lahore

The government is expected to million last year to $1510.129
Editor-in-Chief officially declare a five-year policy million during the current year,
Yousaf Fareed for the textile industry in the showing growth of 14.34 percent.
coming days. Reports propose
Editor that the government have set a World Cotton Day was being
Hassan Saeed target of about $20 billion for celebrated in different countries
export. The government also across the globe with various
Sub-Editor supporting the industry in events giving exposure to
Mehwish Sheikh achieving the target by providing stakeholders from the cotton
Dr Sharjeel Abid power, gas, water, and other community. In Pakistan, TEXtalks
Noor Amjad essential contributions at beneficial International and Cotton Council
Dr Shagufta Riaz rates or with decreased taxes. Ever International organized the
since the talk of the textile policy, celebrations of World Cotton Day
the mill owners have high hopes 2020 on October 07, 2020 in Pearl
Advisory Board: that the economy will regain its Continental Hotel Lahore. The
Dr. Tanveer Hussain place again. event gathered farmers,
Dr. Muhammad Tausif processors, researchers, fashion
The industry is exporting products designers, and retail brands to
Marketing Manager that are greater in value. This educate the participants on the
Memoona Karim statement is supported by the fact advantages of cotton fibre in the
Abdul Haseeb that yarn and grey cloth are not in textile value chain.
demand right now. The local cotton
Layouts prices have peaked to a 10-year A Panel discussion on the topic of
Faizan Khan high on account of a sharp drop of was also conducted, moderated
37.6pc in the cotton arrivals for by Mr Mazhar Mirza (Cotton
Marketing Incharge ginning to 4.6 million bales by Council International), among
Tanveer Ahmed December 3 compared with 7.4m renowned experts in the Cotton
bales last year. The exports during field. Participants for the Panel
Address July-November (2020-21) were were Mr Atif Dada (Dada Sons), Mr
C-302, City Towers recorded at $9.737 billion against Asad Imran (WWF-Pakistan), Dr
Main Boulevard, Gulberg II the exports of $9.536 billion in Zulfiqar Ali (National Textile
Lahore-Pakistan July-November (2019-20), showing University) and Dr Shafique Ahmed
growth of 2.11 percent according (Better Cotton Initiative). All
Phone: + 92 42 35 788 700 to PBS data. participants exchanged their views
Fax: + 92 42 35 788 700 on the importance of Cotton fiber,
Meanwhile, on year-on-year basis, shared their research for innovation
Email: info@textalks.com the textile exports increased by and the activates to uplift the
Skype: textalks 9.27 percent during the month of quality cotton production.
November 2020 as compared to
www.textalks.com the same month of last year. The On the occasion, a fashion
exports during November 2020 designing competition “Cotton
were recorded at $1286.063 million First” of products made with
against the exports of $1176.944 Cotton was also organized among
million. The textile commodities the students of different fashion
that contributed in positive trade institutions and cash prizes and
growth included knitwear, exports awards were distributed among the
of which increased from $1320.740 winning participants.

November/December 2020