Fast collapsing textile sector


PAKISTAN’S textile industry is fast collapsing after the closure of around 100 textiles mills and their Non-Performing Loans (NPLs) are massively rising, causing more setbacks to the struggling economy.

Out of total of 250 textiles mills, these 100 mills located in Punjab and Sindh are feared to have added another Rs3 billion in the already piled up Rs630 billion NPLs by the end of June 2015, up 5.8 per cent from a year ago.

Though most of the increase in NPLs came from the

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Aptma opposes withdrawal of zero-rating facility for textile sector


LAHORE: All Pakistan Textile Mills Association (APTMA) has urged the government to immediately remove four percent customs duty and five percent sales tax on the import of cotton in order to enable the spinning industry function properly.

"The destruction of local industry is not in the interest of growers as well as the downstream sector, and such temporary benefits will result in long-term losses," APTMA chairman said in a statement issued on Wednesday.

He said the export

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Govt to fund innovation, research in textile sector




STAFF REPORT ISB: The Ministry of Commerce has planned to fund textile sector in research and innovation projects initiated by the National Textile University."The project would establish Textile Innovation Centre in the university, focus on the global demand for next-era fabric that includes technical and functional fabrics and would provide new initiatives in the field of design and value-addition," said Commerce Minister Khurram Dastgir Khan while chairing the third meeting

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Govt to fund innovation, research in textile sector


STAFF REPORT ISB: The Ministry of Commerce has planned to fund textile sector in research and innovation projects initiated



by the National Textile University.



"The project would establish Textile Innovation Centre in the university, focus on the global demand for next-era fabric that



includes technical and functional fabrics and would provide new initiatives in the field of design and value-addition," said



Commerce Minister Khurram Dastgir Khan

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Japanese show interest to boost Pak textile exports




STAFF REPORT ISB: The Japan International Cooperation Agency (JICA) is presently in discussions with the government of Pakistan about ways in which Japanese overseas development aid might be best put to use to assist this sector – of critical importance to the overall Pakistani economy.

JICA works closely with the Trade Development Authority of Pakistan (TDAP), which has sent a request for assistance, according to Daisuke Fukumori, Deputy Director of JICA’s South Asia Division

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Cotton output fall to affect textile exports




STAFF REPORT KHI: As the cotton crop in Pakistan has witnessed sharp reduction in output, textile manufacturers anticipate serious affects on export activities for which they have demand immediate tax holiday on import of cotton.

All Pakistan Textile Manufacturers Association (Aptma) has sent a letter to the finance minister, informing that the cotton crop had miserably failed to meet the industry requirement. There is a shortage of approximately, four million cotton bales compared

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Cotton output fall to affect textile exports


STAFF REPORT KHI: As the cotton crop in Pakistan has witnessed sharp reduction in output, textile manufacturers anticipate serious affects on export activities for which they have demand immediate tax holiday on import of cotton.

All Pakistan Textile Manufacturers Association (Aptma) has sent a letter to the finance minister, informing that the cotton crop had miserably failed to meet the industry requirement. There is a shortage of approximately, four million cotton bales compared to the

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APTMA seeks remedial steps to meet textile export target




STAFF REPORT ISB: Pakistan textile industry is impaired due to heavy taxes and surcharges, rendering it uncompetitive compared to regional economies. Other irritants include energy tariff, under utilization of power generation capacity and energy shortage, says a research report prepared by the APTMA.The export sector is subject to five percent duties, taxes and surcharges, while competitors in India enjoy tax-free regime on exports of textile products, while in Bangladesh and China,

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APTMA seeks remedial steps to meet textile export target


STAFF REPORT ISB: Pakistan textile industry is impaired due to heavy taxes and surcharges, rendering it uncompetitive compared to regional economies. Other irritants include energy tariff, under utilization of power generation capacity and energy shortage, says a research report prepared by the APTMA.

The export sector is subject to five percent duties, taxes and surcharges, while competitors in India enjoy tax-free regime on exports of textile products, while in Bangladesh and China,

Read more