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Thursday, January 17, 2019
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FRANKFURT:  Pakistani companies participating in the Heimtextil 2019, an international trade fair for textile goods, are receiving a tremendous response. International buyers, especially those from European countries, have expressed keen interest in the home textile, bed wear and towel products made in Pakistan. Pakistani companies are hopeful that 2019 would be a...
ISLAMABAD: The Senate Special Committee on Tobacco on Tuesday asked the Federal Board of Revenue (FBR) to revise the Statutory Regulatory Order (SRO) 1149 in order to encourage tobacco exports. The meeting was headed by Senator Kalsoom Parveen who directed the FBR to revisit the said SRO and its clauses...
FAISALABAD:  All resources would be mobilised to strengthen the industrial sector and ensure sustainable growth in exports, announced Faisalabad Deputy Commissioner Sardar Saifullah Dogar. Speaking at a meeting at the Pakistan Textile Exporters Association (PTEA) on Tuesday, he said the textile industry, in fact, was the bread winner for the country...
The Punjab Chief Minister Sardar Usman Buzdar has said that an industrial estate will soon be established at Bahawalpur as there was ample raw material for agro-based industries in this region. He was talking a delegation of Bahawalpur Chamber of Commerce and Industry led by its president Mubashir Hussain...
KARACHI: Value-added sector on Thursday feared a 50 percent reduction in textile exports if the government fails to ensure uninterrupted gas supply to the industries. “Textile export industries of Karachi contribute 52 percent share in the national textile exports. Depriving of gas to the textile industries means affecting of 52...
Exporters have voiced fear that textile shipments cannot be stepped up as they face a liquidity crunch in the wake of delay in release of tax refund claims by the government. The Federal Board of Revenue (FBR) is liable to pay around Rs45 billion in Duty Drawback of Taxes (DDT)...
Pakistan may be the fourth largest cotton producer worldwide, but its value-added sector has a small share in its total exports. One of its reasons is the country’s dependence on conventional value-added products. The Muslim apparel industry, which is currently dominated by Malaysia, Turkey and Indonesia, has a huge potential...
THE Imran Khan government expects the reduction in energy prices for textile companies and the currency devaluation to help boost the country’s stagnant exports, control the current account deficit and ease pressure on the rupee. But will this do the trick? “Reduced gas prices and currency depreciation will have a...
ISLAMABAD:  The mega Belt and Road Initiative (BRI), launched by China, comprises one axis and two wings. The axis is composed of 15 countries mostly neighbouring China and aids Chinese influence across continents. The two wings are spread over 24 countries across continents. The BRI is aimed at connecting countries in...
KARACHI:  Key steel producers in Pakistan have reported a surge in smuggling and imports at throwaway prices following the government’s announcement of constructing mega projects, including dams and low-cost houses. In a bid to tackle cheap imports, the National Tariff Commission (NTC) had already imposed anti-dumping duty in June on colour-coated...

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Asad: between rock and a hard place

The beleaguered Finance Minister gets no respite. He is constantly in the line of fire; at times under friendly fire as well. He puts...