Pakistan is taking various steps, including introduction of zero-rating regime for textile, leather, carpets, surgical goods and sports goods, to enhance exports, Muhammad Pervaiz Malik, Commerce and Textile Minister, informed.
Browsing: textile exports
The United States of America is asking the UN to banning the exports of North Korean textiles and freezing the assets of leader Kim Jong Un.
Foreign direct investment (FDI) in textile sector more than doubled to $618.95 million during 2016-17 from $230.13 million in the previous fiscal, Parliament was informed recently.
As per the data available with the Government, the export of textiles and garments has shown an increase of 3.2 per cent during the last three years.
Uttar Pradesh-based GHCL, a leader in home furnishings, plans capacity addition and wants to move focus from exports to the burgeoning home textiles market even as textile manufacturers continue protests over GST.
Pakistan has lost its textile export share in global market by 23 per cent from 2.2 per cent to 1.7 per cent raising questions on economic and trade policies of government functionaries, unfolds the latest presentation on restoration of viability and growth of textile industry prepared by the All Pakistan Textile Mills Association (APTMA).
The global technical textile industry was estimated to be worth $142 billion in 2015 and is expected to reach $165 billion by 2019. The vast majority of technical textiles come from APAC, which accounts for a share of almost half of the global technical textiles market.