To get access for Pakistani products in the potential markets, efforts are being undertaken for Free Trade Agreement (FTA) negotiations with Turkey, Thailand and Iran. A joint research study to assess the potential for a preferential arrangement with Korea is also underway.
In the current financial year, to facilitate exporters under the Textile Policy 2014-2019, over six billion rupees have been allocated, according to official sources.
To promote exports to new markets, the Trade Development Authority of Pakistan would be organizing various export promotional activities like trade exhibitions.
National Tariff Commission Act has been revamped to counter the import surge through unfair trade and strengthen trade defence mechanisms.
The sales tax zero-rating regime has also been introduced for five export oriented sectors including textile, leather, carpets, surgical and sports goods.
DOST-PTRI has launched an initiative to showcase nonwoven textiles made from locally sourced natural fibres as sustainable alternatives to synthetic…
Suchitha Raghunathan and Anjana Badrinarayanan of Bengaluru-based bio-startup Microbeworks have developed eco-friendly dyes using microbial alternatives.
RE&UP has officially launched RE&UP Fiber Club, a new initiative aimed at accelerating the large-scale adoption of premium recycled textile…
Barmag, Object Carpet GmbH, ITA, and NGR have successfully evaluated the use of recycled polyester in bulked continuous filament (BCF)…
Theory has launched its Low-Carbon Regal Wool collection following a methane reduction pilot conducted with its long-term wool supplier, Congi…
Milliken & Company has launched Millibrite, a next-generation fabric whitening technology developed to meet the changing needs of modern laundry…