Page 5 - November-December-2020

05
Editor-in-Chief
Yousaf Fareed
Editor
Hassan Saeed
Sub-Editor
Mehwish Sheikh
Dr Sharjeel Abid
Noor Amjad
Dr Shagufta Riaz
Advisory Board:
Dr. Tanveer Hussain
Dr. Muhammad Tausif
Marketing Manager
Memoona Karim
Abdul Haseeb
Layouts
Faizan Khan
Marketing Incharge
Tanveer Ahmed
Address
C-302, City Towers
Main Boulevard, Gulberg II
Lahore-Pakistan
Phone: + 92 42 35 788 700
Fax: + 92 42 35 788 700
Email: info@textalks.com
Skype: textalks
www.textalks.com
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
officially declare a five-year policy million during the current year,
for the textile industry in the showing growth of 14.34 percent.
coming days. Reports propose
that the government have set a World Cotton Day was being
target of about $20 billion for celebrated in different countries
export. The government also across the globe with various
supporting the industry in events giving exposure to
achieving the target by providing stakeholders from the cotton
power, gas, water, and other community. In Pakistan, TEXtalks
essential contributions at beneficial International and Cotton Council
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
that the economy will regain its Continental Hotel Lahore. The
place again. event gathered farmers,
processors, researchers, fashion
The industry is exporting products designers, and retail brands to
that are greater in value. This educate the participants on the
statement is supported by the fact advantages of cotton fibre in the
that yarn and grey cloth are not in textile value chain.
demand right now. The local cotton
prices have peaked to a 10-year A Panel discussion on the topic of
high on account of a sharp drop of was also conducted, moderated
37.6pc in the cotton arrivals for by Mr Mazhar Mirza (Cotton
ginning to 4.6 million bales by Council International), among
December 3 compared with 7.4m renowned experts in the Cotton
bales last year. The exports during field. Participants for the Panel
July-November (2020-21) were were Mr Atif Dada (Dada Sons), Mr
recorded at $9.737 billion against Asad Imran (WWF-Pakistan), Dr
the exports of $9.536 billion in Zulfiqar Ali (National Textile
July-November (2019-20), showing University) and Dr Shafique Ahmed
growth of 2.11 percent according (Better Cotton Initiative). All
to PBS data. participants exchanged their views
on the importance of Cotton fiber,
Meanwhile, on year-on-year basis, shared their research for innovation
the textile exports increased by and the activates to uplift the
9.27 percent during the month of quality cotton production.
November 2020 as compared to
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