Malik, new Pakistani textile minister firm on improving exports

News Tags: APTMA, expedite finalization, Minister for Commerce and Textile, Muhammad Pervaiz Malik, mulish on boosting declining textile exports, Pakistan newly appointed, PHMA, Preferential and Free Trade Agreement, process paying tax refunds, resolving traders issues, take all appropriate measures, textile exports

Islamabad
Malik, new Pakistani textile minister firm on improving exports
Summary: 
Pakistan’s newly appointed Minister for Commerce and Textile Muhammad Pervaiz Malik is mulish on boosting the country’s declining textile exports on priority by resolving traders’ issues. After assuming charge on August 8, Malik said that the government will take all appropriate measures to expedite the finalization of Preferential and Free Trade Agreements with various countries.

Pakistan’s newly appointed Minister for Commerce and Textile Muhammad Pervaiz Malik is mulish on boosting the country’s declining textile exports on priority by resolving traders’ issues. After assuming charge on August 8, Malik said that the government will take all appropriate measures to expedite the finalization of Preferential and Free Trade Agreements with various countries.

Also informed that the process of paying tax refunds to the exporters will be expedited, one of the main issues of the business community.

http://nation.com.pk/business/09-Aug-2017/malik-vows-to-enhance-exports
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Local markets saw sharp drop in cotton prices over closure of textile mills

News Tags: All Pakistan Textile Mills Association, announcing closing down, APTMA, cotton prices, delay in releasing refunds, global prices, higher cost of doing business, local markets, over dull attitude of the government, slow and diminish trend, Textile mills, witnessed sharp drop

Karachi
Local markets saw sharp drop in cotton prices over closure of textile mills
Summary: 
All Pakistan Textile Mills Association (APTMA) after announcing its decision that they are closing down their textile mills over dull attitude of the government, delay in releasing refunds and higher cost of doing business, the local markets witnessed sharp drop in cotton prices.

All Pakistan Textile Mills Association (APTMA) after announcing its decision that they are closing down their textile mills over dull attitude of the government, delay in releasing refunds and higher cost of doing business, the local markets witnessed sharp drop in cotton prices.

The chairman Cotton Ginners Forum, Ahsanulhaq from Rahim Yar Khan said that on the first day of trading session at cotton market, the cotton prices dropped sharply by Rs 300 to Rs 6100 per maund.

http://dunyanews.tv/en/Business/394912-Cotton-prices-in-local-markets-drop-
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APTMA demands relief package for crisis hit textile sector

News Tags: All Pakistan Textile Mills Association, APTMA, before the federal budget, called for announcement of relief package, called for making indirect exports eligible under LTFF, crisis-hit textile sector, exporters on realisation of export proceeds, Khyber Pakhtunkhwa zone, payments of drawbacks on taxes, prime minister’s export-led growth package

Peshawar
APTMA demands relief package for crisis hit textile sector
Summary: 
All Pakistan Textile Mills Association (APTMA), Khyber Pakhtunkhwa zone, has called for announcement of relief package for the crisis-hit textile sector before the federal budget 2017-18.

All Pakistan Textile Mills Association (APTMA), Khyber Pakhtunkhwa zone, has called for announcement of relief package for the crisis-hit textile sector before the federal budget 2017-18.

https://www.dawn.com/news/1340252/aptma-rejects-budget-seeks-relief-package-for-textile-sector
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Chinese textile units see Pakistan an ideal destination for relocation

News Tags: accelerate Pakistan’s textile industry, APTMA, entering into joint ventures, environmental challenges in China, high cost of doing business, invited Chinese investors, Pakistan an ideal destination, Pakistani entrepreneurs in the textile industry, relocation of Chinese textile industry, take advantage of the liberal trade and investment policies

Karachi
Chinese textile units see Pakistan an ideal destination for relocation
Summary: 
All Pakistan Textile Mills Association (APTMA) Senior Vice Chairman Zahid Mazhar with a keen interest to accelerate Pakistan’s textile industry invited Chinese investors to take advantage of the liberal trade and investment policies in the country by entering into joint ventures with Pakistani entrepreneurs in the textile industry.

All Pakistan Textile Mills Association (APTMA) Senior Vice Chairman Zahid Mazhar with a keen interest to accelerate Pakistan’s textile industry invited Chinese investors to take advantage of the liberal trade and investment policies in the country by entering into joint ventures with Pakistani entrepreneurs in the textile industry.

https://tribune.com.pk/story/1384102/chinese-textile-units-interested-relocating-pakistan/
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Pakistan will have to foot bill of $1.58bn for cotton imports

News Tags: APTMA, bridge the gap between production and consumption, cotton production is expected to be insufficient, import of cotton bales, largest raw cotton exporter, meet local demand, Pakistan, raw cotton, to foot a bill of around billion

Karachi
Pakistan  will have to foot  bill of $1.58bn for cotton imports
Summary: 
Pakistan, one of the largest raw cotton exporter to bridge the gap between the production and consumption of raw cotton will have to foot a bill of around $1.58 billion for the import of 4.5 million bales (170kg each) as cotton production is expected to be around 10.54m bales in 2016-17.

Pakistan, one of the largest raw cotton exporter to bridge the gap between the production and consumption of raw cotton will have to foot a bill of around $1.58 billion for the import of 4.5 million bales (170kg each) as cotton production is expected to be around 10.54m bales in 2016-17.

Pakistan has been an importer for the last two years. Last year, Pakistan imported around 2.7m bales from India at a cost of $800m. With cotton production clocking up at 15m bales in 2014-15 and 9.5m bales in 2015-16.

http://www.dawn.com/news/1306632/cotton-imports-to-hit-158bn
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Aptma urges govt to withdraw four percent import duty on cotton

News Tags: against requirement, All Pakistan Textile Mills Association, APTMA, bear the additional burden, compete in export market, countries with lower cost of raw cotton, likely to remain low this year, Local crop of Sindh-Balochistan zone, raw cotton, seeks immediate withdrawal four percent import duty, Textile Industry, without import incidential

Karachi
Aptma urges govt to withdraw four percent import duty on cotton
Summary: 
As the local crop of Sindh-Balochistan zone is likely to remain low this year to 11.25 million bales against the requirement of 14.5 million bales. The All Pakistan Textile Mills Association (APTMA) seeks immediate withdrawal of four percent import duty on raw cotton by the government.

As the local crop of Sindh-Balochistan zone is likely to remain low this year to 11.25 million bales against the requirement of 14.5 million bales. The All Pakistan Textile Mills Association (APTMA) seeks immediate withdrawal of four percent import duty on raw cotton by the government.

https://www.thenews.com.pk/print/176273-Aptma-seeks-duty-withdrawal-on-cotton-imports#
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Italy signs 6 MoU with PBIT for promotion of bilateral commerce and trade

News Tags: APTMA, enhance trade volume, explore investment opportunities in Pakistan, explore Pakistani potential, FCCi, inked six MoU, Italian Foreign Trade Association, Italian Ministry of Economic Development, Pakistan Italy Investment and Business Forum, PHMA, PRGMEA, promotion of bilateral commerce and trade, Punjab Board of Investment and Trade

Lahore
Italy signs 6 MoU with PBIT for promotion of bilateral commerce and trade
Summary: 
Italian Ministry of Economic Development, Ivan Scalfarotto during his visit of 60 member delegation has inked with the Punjab Board of Investment and Trade (PBIT) six Memorandum of Understandings (MoU for promotion of bilateral commerce and trade between the two nations.

Italian Ministry of Economic Development, Ivan Scalfarotto during his visit of 60 member delegation has inked with the Punjab Board of Investment and Trade (PBIT) six Memorandum of Understandings (MoU for promotion of bilateral commerce and trade between the two nations.

The Italian Textile Manufacturing Association signed three separate MoUs with All Pakistan Textile Mills Association (APTMA), Pakistan Hosiery Manufacturing Association (PHMA), and Pakistan Readymade Garment Manufacturer and Exporters Association (PRGMEA).

https://www.thenews.com.pk/print/170490-Italy-PBIT-sign-six-MoUs
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APTMA urge government to consider textile package for better growth

News Tags: All Pakistan Textile Mills Association, announced weekly sit-in on every Tuesday, APTMA, destroying local industry, electricity prices, impose a ban on trade from India, Indian textile products, industry demands for the textile package, outside APTMA Punjab office, Pakistan textile exports declined, solve the issue of disparity of gas

Karachi
APTMA urge government to consider textile package for better growth
Summary: 
The All Pakistan Textile Mills Association (APTMA) has announced a weekly sit-in on every Tuesday outside the APTMA Punjab office from December 6, until the industry demands for the textile package are not considered by the government. As the textile package which help bring the industry out of crisis and also to solve the issue of disparity of gas and electricity prices between Punjab and other provinces.

The All Pakistan Textile Mills Association (APTMA) has announced a weekly sit-in on every Tuesday outside the APTMA Punjab office from December 6, until the industry demands for the textile package are not considered by the government. As the textile package which help bring the industry out of crisis and also to solve the issue of disparity of gas and electricity prices between Punjab and other provinces.

http://www.brecorder.com/cotton-a-textiles/185/108365/
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Aptma urge govt to enable textile industry undertake $1b investment yearly

News Tags: APTMA, double textile exports, enable to undertake investment, investment initiatives, lower cost of doing business, produce exportable surplus, reduce burden of taxes on exports, textile and clothing exports declined, urged government to resolve textile industry issues, USD one billion per annum

Lahore
Aptma urge govt to enable textile industry undertake $1b investment yearly
Summary: 
All Pakistan Textile Mills Association (APTMA) Punjab chairman Aamir Fayyaz pointing out that the textile and clothing exports of Bangladesh and Vietnam have registered an increase of $2 billion and $4 billion respectively against Pakistan’s textile and clothing exports which has dropped by $1 billion during the same period has urged the government to resolve the textile industry issues and enable the industry to undertake investment worth $1 billion per annum.

All Pakistan Textile Mills Association (APTMA) Punjab chairman Aamir Fayyaz pointing out that the textile and clothing exports of Bangladesh and Vietnam have registered an increase of $2 billion and $4 billion respectively against Pakistan’s textile and clothing exports which has dropped by $1 billion during the same period has urged the government to resolve the textile industry issues and enable the industry to undertake investment worth $1 billion per annum.

http://nation.com.pk/business/13-Aug-2016/aptma-seeks-govt-help-for-1b-investment
0

Pak textile owners divert focus into fast growing retail markets

News Tags: APTMA, become unviable owing to a steep rise, boost falling exports, cost of doing business, expanding into retail markets, exports, revive closed production capacity, save collapsing industry, sharp increase in energy prices, shortages, support investment in textile industry, textile manufacturers, textile manufacturing

Karachi
Pak textile owners divert focus into fast growing retail markets
Summary: 
The textile manufacturers are expanding into retail markets as textile manufacturing and exports have become unviable owing to a steep rise in the cost of doing business mainly on account of sharp increase in energy prices and shortages in the last three years, said Aptma leader Gohar Ejaz.

The textile manufacturers are expanding into retail markets as textile manufacturing and exports have become unviable owing to a steep rise in the cost of doing business mainly on account of sharp increase in energy prices and shortages in the last three years, said Aptma leader Gohar Ejaz.

http://www.dawn.com/news/1269010/textile-tycoons-eye-booming-retail-business
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