New trade policy to serve as a booster to export industry

News Tags: energy crisis, energy projects are completed in time, high costs due to low infrastructure facilities, lack of transit agreements, missing links, newly announced trade policy, Rawalpindi Chamber of Commerce and Industry, release refunds claims of exporter, serve as a booster to export industry, South and Central Asian regions immense potential

Rawalpindi
New trade policy to serve as a booster to  export industry
Summary: 
The newly announced trade policy would serve as a booster to the existing export industry, said Rawalpindi Chamber of Commerce and Industry (RCCI) President Mian Humayun Parvez on Friday.

The newly announced trade policy would serve as a booster to the existing export industry, said Rawalpindi Chamber of Commerce and Industry (RCCI) President Mian Humayun Parvez on Friday.

He said that despite immense potential, the South and Central Asian regions are among the least integrated regions of the world. It was encouraging that the government targeted key markets like Iran, China, Afghanistan and European Union.

http://www.dailytimes.com.pk/business/26-Mar-2016/new-trade-policy-will-boost-exports
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Spain looking to boost bilateral trade ties with Pakistan

News Tags: bilateral investment treaties, energy crisis, equipment for textile sector, explore investment opportunities, increase trade volume, Javier Carbajosa Sanchez, Minister of state and Board of investment, MoU with Pakistan, settle issue, sophisticated machinery, Spain boost bilateral ties, Spanish Ambassador in Pakistan, with Pakistan

Islamabad
Spain looking to boost bilateral trade ties with Pakistan
Summary: 
Spain intends to boost bilateral ties with Pakistan, in this regard Spainish Ambassador in Pakistan Javier Carbajosa Sanchez had a meeting with Minister of State and Board of Investment (BOI) Chairman Dr Miftah Ismail to discuss and explore investment opportunities.

Spain intends to boost bilateral ties with Pakistan, in this regard Spainish Ambassador in Pakistan Javier Carbajosa Sanchez had a meeting with Minister of State and Board of Investment (BOI) Chairman Dr Miftah Ismail to discuss and explore investment opportunities.

Sanchez said that to enhance bilateral ties it would settle issues of bilateral investment treaties and memoranda of understanding with Pakistan. Showing interest particularly in Pakistan’s wind, solar energy and tourism sectors as the country is facing immense energy crisis., he said that the

http://customstoday.com.pk/spains-imports-150m-exports-300m-in-2012-envoy-wants-boosted-ties-with-pakistan/
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Western companies moving out of Pakistan due to unfriendly business environment

News Tags: energy crisis, Kanati Co., moving out of Pakistan, Pakistan, unfriendly business environment, Walt Disney, Western companies, World Bank

Karachi
Western companies moving out of Pakistan due to unfriendly business environment
Summary: 
It is the ease of conducting business more than just the increasing cost of doing business that is forcing many western companies to drive away from Pakistan. Many companies find problems with the speed in which tasks are accomplished in Pakistan. With an energy crisis leaving many without power for hours a day and oil and gas shortages as just the tip of the iceberg; it is corruption that many are finding a problem in Pakistan.

It is the ease of conducting business more than just the increasing cost of doing business that is forcing many western companies to drive away from Pakistan. Many companies find problems with the speed in which tasks are accomplished in Pakistan. With an energy crisis leaving many without power for hours a day and oil and gas shortages as just the tip of the iceberg; it is corruption that many are finding a problem in Pakistan.

http://www.pakistanherald.com/article/4165/31-01-2015/western-companies-continue-to-exit-pakistan-citing-corruption
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Pakistan textile policy 2009-14 fails to achieve the set export target

News Tags: energy crisis, export target, long term initiative, Ministry of Textile Industry, new textile policy, Pakistan textile industry, Pakistan textile policy 2009-14, short term support action, Textile production, value addition, yarn production

Islamabad
Pakistan textile policy 2009-14 fails to achieve the set export target
Summary: 
The Pakistan Textile Policy 2009-14 has failed bleakly to achieve its target of doubling exports of the country’s textile industry. The plan comprised short-term support actions and long-term initiatives aimed at promoting value addition on a wider scale.

The Pakistan Textile Policy 2009-14 has failed bleakly to achieve its target of doubling exports of the country’s textile industry. The plan comprised short-term support actions and long-term initiatives aimed at promoting value addition on a wider scale.

When the policy was unveiled, textile exports were touching $12 billion in 2009-10. Fast forward to 2012-13, the figure went up slightly at around $13 billion. However, the shipments were nowhere near the target of $25 billion.

The textile industry has an 8% share in the gross domestic product (GDP) of the country.

http://tribune.com.pk/story/768970/lack-of-interest-textile-policy-falls-way-short-of-export-target/
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APTMA calls for a sound and stable business environment

News Tags: APTMA, daily loss, energy crisis, foreign earning, international market, Punjab textile industry, shipment, trade and economic development, uncertain political crisis

Lahore
APTMA calls for a sound and stable business environment
Summary: 
All Pakistan Textile Mills Association has called the country’s current uncertain and unstable political crisis more critical than the persistent energy one. Although, the government is working to resolve the energy crisis and the law-and-order situation as priorities because energy and other problems hinder trade and economic development.

All Pakistan Textile Mills Association has called the country’s current uncertain and unstable political crisis more critical than the persistent energy one. Although, the government is working to resolve the energy crisis and the law-and-order situation as priorities because energy and other problems hinder trade and economic development.

http://tribune.com.pk/story/747788/aptma-laments-unstable-uncertain-scenario/
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Pakistan textile looking at solar power as an alternative power solution

News Tags: althernative power solution, energy crisis, lower average cost of power, Pakistan textile industry, power issue entrepreneurs, save prodction cost, solar

Lahore
Pakistan textile looking at solar power as an alternative power solution
Summary: 
With Pakistan textile industry facing energy crisis to overcome to this power issue, entrepreneurs in Punjab have step up efforts for alternative power solutions by going solar, this will lower the average cost of power that has turned the textile sector unviable.

With Pakistan textile industry facing energy crisis to overcome to this power issue, entrepreneurs in Punjab have step up efforts for alternative power solutions by going solar, this will lower the average cost of power that has turned the textile sector unviable.
 

http://www.thenews.com.pk/Todays-News-3-265834-Solar-power-increasingly-attracting-industrialists
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Pakistan textile industry’s growth hit over energy crisis and stalled liquidity

News Tags: APTMA, energy crisis, Federal policy 2014-19, Pakistan textile industry, sales tax refunds, stalled liquidity, structural imbalance, textile growth

Lahore
Pakistan textile industry’s growth hit over energy crisis and stalled liquidity
Summary: 
All Pakistan Textile Mills Association (Aptma) has urged the government to ensure uninterrupted electricity supply to textile industries and speedy processing and liquidation of sales tax refunds.

All Pakistan Textile Mills Association (Aptma) has urged the government to ensure uninterrupted electricity supply to textile industries and speedy processing and liquidation of sales tax refunds.
 
The textile industry’s sustainability and growth are being damaged due to constriction in energy supply and liquidity crunch, said Yasin Siddik, central chairman of Aptm.
 
Energy supply constraints have led to forced closures of production capacities to the extent of 40 to 50 percent.
 

http://www.thenews.com.pk/Todays-News-3-265425-Energy-crisis-marring-textile-growth
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Growing energy crisis deprives Pakistan textile from grabbing big opportunities

News Tags: energy crisis, Paksitan textile industry

FAISALABAD
Growing energy crisis deprives Pakistan textile from grabbing big opportunities
Summary: 
Japan has diverted its business to other textile producing countries Vietnam and Cambodia from China due to the political unrest between Beijing and Tokyo due to which Japanese textile imports from China has dropped from 86 percent to 74percent of its total purchases of $40b last year. Pakistan textile exporter from Faisalabad stand a chance as the Japan have shown keen interest on sourcing their imports from them but with the growing energy crisis faced in Pakistan, they are likely to lose this chance and would be in a position to grab big opportunities. Pakistan holds a share of $93m in Japan’s total textile purchases worldwide.

Japan has diverted its business to other textile producing countries Vietnam and Cambodia from China due to the political unrest between Beijing and Tokyo due to which Japanese textile imports from China has dropped from 86 percent to 74percent of its total purchases of $40b last year. Pakistan textile exporter from Faisalabad stand a chance as the Japan have shown keen interest on sourcing their imports from them but with the growing energy crisis faced in Pakistan, they are likely to lose this chance and would be in a position to grab big opportunities.

http://www.dawn.com/news/1102744/textiles-export-potential-stifled
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