The All Pakistan Textile Mills Association (APTMA), one of the country’s largest industrial bodies, on Wednesday urged the government to immediately engage with the United States to secure preferential market access for Pakistan’s textile exports. “We are writing in the context of recent trade developments that materially affect Pakistan’s export competitiveness,” APTMA said in a […]
APTMA
Textile exporters seek relief amid cost pressures
Textile exporters have urged the government to announce a comprehensive relief package, citing uncompetitive energy prices, high taxes and elevated financing costs that are undermining Pakistan’s ability to compete in global markets. Read More: Textile exports increase 0.90% to $9.16bn during Jul-Dec A large delegation of the All Pakistan Textile Mills Association (Aptma) met Finance Minister […]
Punjab government to offer major incentives for chinese textile investment
The Punjab Government has promised exceptional incentives to attract Chinese investors to the textile sector. The move comes as the ongoing trade war between the US and China continues to affect global markets. Chaudhry Shafay Hussain, Provincial Minister for Industries and Commerce, made this assurance during a meeting with the All Pakistan Textile Mills Association […]
Government plans to remove sales tax on local cotton products to boost Industry
The federal government is moving forward with a plan to remove the 18% sales tax on local cotton, yarn, and grey cloth. This decision aims to support local products and make them more competitive against imports. A committee of federal ministers and secretaries discussed the proposal after multiple industry requests. Key stakeholders included the Pakistan […]
Measures being taken to enhance cotton production: SAPM
LAHORE: Special Assistant to Prime Minister on National Food Security Jamshed Iqbal Cheema said Friday the government had taken measures to enhance the productivity of all major crops, including cotton, to achieve sustainable economic development and social prosperity. He said the government is determined to develop the agriculture sector on modern lines and utilize all […]
Industrialists’ main interest is in low-interest rate
The interest rate policy is the much-awaited occasion for those who have bucks, who want to borrow/return bucks and those who have no bucks at all. The Monetary Policy Committee (MPC) of the State Bank of Pakistan said on Friday that the policy rate would remain at 7% for the next two months. According to […]
Textile export growth nothing but a mirage?
The PTI government is celebrating over the increase in the textile export during the FY21. The value-added sector grew in garment and apparel exports from July to March, according to the statistics. Exports totaled $11.35 billion in the first quarter of this year, up from $10.41 billion in the same timeframe last year, a 9.06 […]
Let us break the begging bowl
According to Pakistan’s central bank, Pakistan has been trapped in an unsustainable debt cycle for decades, with the most recent figures depicting the balance of the current account in deficit for the fourth successive month in March at a moderate $47 million. Pakistan’s Current Account Balance for the last 6 years is shown in the […]
APTMA demands continuation of competitive tariffs of gas, electricity
All Pakistan Textile Mills Association (APTMA) patron-in-chief Gohar Ejaz has asked the government for continuation of regionally competitive tariffs of $6.5/MMBtu (metric million British thermal unit) of gas/RLNG and 7.5 cents/kWh of electricity. “On our request, the government of Prime Minister Imran Khan reposed its confidence in the textile industry, providing a complete support […]
APTMA worried over 10-day closure of factories
LAHORE: All Pakistan Textile Mills Association (APTMA) patron- in-chief Gohar Ejaz has rejected the decision of the government for Eid ul Fitr holidays from May 10-16. While expressing his concerns, he stated the decision has brought the whole country practically shut down for 10 days from May 8- 17, 2021. “Shutting down the country for […]