The government notified that the RoSCTL scheme for textiles exporters and said the duty credit scrips under this support measure would be issued without insisting on realisation of the export proceeds.

The growth in cotton yarn and product exports will affect the consumption of cotton in 2021. The consumption of cotton is recorded at 7.3 million bales which is 700,000 more than last year.
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The group has invested $ 150 mn in the Oman textile plant, which has 1.5 lakh spindles and 3,500 rotors in the facility.

Ashwin Chandran, Chairman, SIMA has appreciated and thanked the Hon’ble Prime Minister, and other ministers for the bold decision of removing the anti-dumping duty on viscose staple fibre.

Ashwin Chandran, Chairman, SIMA has appreciated and thanked the Hon’ble Prime Minister, and other ministers for the bold decision of removing the anti-dumping duty on viscose staple fibre.

The viscose staple fibre that originates in or is imported from China or Indonesia is subject to ADD which is now being revoked by the Union government.

The pressure on the foreign reserves in Pakistan has been eased down because of the increase in the exports of textile last year.

CII has come up with some set of recommendations for the government which ranged from implementing an urban job guarantee policy to coming up with ways to strengthen the supply chain of MSME firms.

The viscose staple fibre that originates in or is imported from China or Indonesia is subject to ADD which is now being revoked by the Union government.