KARACHI: The Pakistan Hosiery Manufacturers and Exporters Association (PHMEA) has called for the speedy implementation of the Textile and Apparel Policy 2020/25, a statement said. PHMEA Central Chairman Shahzad Azam Khan while appreciating the approval of the new policy, said that the speedy implantation of the policy is vital for new investment and marketing plans … Read more
The government has approved a textile policy to boost the capacity of the industry for sustainable growth in textile exports. Addressing a news conference in Islamabad on Wednesday, Adviser on Commerce Razak Dawood said the policy was approved by the federal cabinet at its meeting yesterday. He said one of the main objectives of the … Read more
Minister for Planning and Development Asad Umar on Monday claimed that the textile industry in the country was booming under the Pakistan Tehreek-e-Insaf (PTI) rule. Read more: Pakistan’s textile sector finds resilience in sustainability “Bloomberg report on the booming textile industry, which is now outperforming other countries in the region after ages. This industry was … Read more
LAHORE: Punjab Finance Minister Makhdoom Hashim Javan Bakht has assured the Textile Mills Association that the problem of gas shortage would be taken up with the federal government and the issue would be brought to a logical conclusion soon. He expressed these views while talking to a delegation of the association at his camp office, … Read more
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) president Mian Nasser Hyatt Maggo has expressed astonishment at the purchase of liquefied natural gas (LNG) at the rate of $30.6/MMBTU and said that this rate will destroy the fuel supply safety and foreign exchange reserves of the country, a statement said. Welcoming the visit … Read more
The growth of major industries in the country has increased during July this financial year. According to the National Bureau of Statistics, July 2021 saw a 2.25 percent growth of the large-scale manufacturing industry, with 11 industries showing an increase in production while four industries saw a decline in production. During July, the textile industry … Read more
KARACHI: Exporters on Wednesday proposed the government to slash the withholding tax by 50 percent to enhance earnings. In its budget proposals announced at a press conference, the Pakistan Hosiery Manufacturers Association (PHMA) said, at present, the withholding tax on exports is one percent, which is considered as the final liability. The government should reduce … Read more
The textile division has approved the release of more than 17 billion rupees refunds to the exporters. According to details, secretary textile division Sardar Ahmed Nawaz Sukhera has given the approval to release over Rs17.6 billion refunds to the exporters. he also added that it will be easier to solve the enduring problem of refunds … Read more
