The American Apparel and Footwear Association (AAFA) brought more than two dozen apparel, footwear, and retail executives to Capitol Hill this week to lobby for key international trade policies and programs. The visits came as part of ...
The year 2013 was a consolidation year not only for the textile industry, which faced quite adverse and uncertain market conditions, but also for EURATEX who continued to implement the new strategy aimed at profiling the industry, says ...
The Pakistani Government’s inability to fulfill the commitment of releasing Pk Rs. 188 billion for the implementation of the Textiles Policy 2009-2014, has rendered the policy ineffective, said Textiles Secretary Rukhsana Shah during ...
Tags: Textile Policy, textile industry
Pakistan Textile Exporters Association (PTEA) has strongly opposed the proposed increase in sales tax and changes in tax regime as this will negatively impact the textile exports and would cause to further squeeze the industrial activities. ...
European imports of polyethylene terephthalate shot up by over 30% in 2013, according to Eurostat data published this week, and market participants believe that the specter of imports continues to loom over European producers. From ...
Textile exporters from Pakistan have expressed disappointment on the withdrawal of zero-rating regime for the export-oriented sector stating that the withdrawal is adversely affecting exports at a time when huge amounts of Sales Tax Refunds ...
In the wake of recently earned Generalized System of Preference Plus (GSP+) status, Rukhsana Shah, Federal Secretary of Textile Industry Division, Pakistan has advised value-added textile entrepreneurs to focus on the Eastern European ...
Tags: Textile, Eastern Europe
Even as the Pakistan’s textile industry is upbeat after receiving GSP Plus status from European Union, there are some firms like Shadab Textile Mills which are expecting an extended period of low profitability due to depressed local ...
Tags: textile industry, Shadab Textile
Pakistan has the potential to double its textile exports to US$ 26 billion over the next five years, if the Government implements necessary set of policies to revive the textile sector of the country, said All Pakistan Textile Mills ...
Tags: Textile Exports, Textile
The Lahore Chamber of Commerce and Industry (LCCI) urged the SNGPL to immediately stop discrimination in provision of gas to the textile made-ups sector which is contributing more in total textile related exports of $13 billion. The LCCI ...
Tags: Gas Supply, Textile Made-up Sector
The Pakistan garment industry still needs to overcome certain challenges and produce goods of international standards in order to fully benefit from the Generalized System of Preferences Plus (GSP+) status granted by the European Union ...
Tags: Garment Industry, Textile products
As per Annex-IX of the EU Regulation-978, the entire textiles and clothing products i.e. HS chapter 50 to 63 are included in GSP Plus Scheme and will be exported duty free from January 1, 2014 although the official Notification will be ...
Tags: Textile Exports, EU
Helped by strong demand of yarns and fabrics from China, the Pakistan-based Quetta Textile Mills reported a robust growth in its bottom-line for the quarter ended September 2013. The profit after tax of the Quetta Group’s flagship ...
Tags: Quetta Textile Mills, Textile
Recep Tayyip Erdogan, Prime Minister of Turkey, and his Pakistani counterpart Nawaz Sharif have agreed to conclude Pakistan-Turkey Preferential Trade Agreement (PTA) by the first half of 2014. This was announced after the end of the ...
The Pakistani textile industry has urged the Government to establish Generalized System of Preferences Plus (GSP+) Cell, in order to fully utilize the duty-free access to the European Union (EU) and earn foreign exchange. The proposal ...
Tags: Textile Sector, duty-free access