Textile sector exports increase 0.4% in December 2019

KARACHI: Pakistan’s textile exports remained stagnant in December 2019, crawling up by only 0.4% to $1.142 billion from $1.138 billion in the same period last year. Looking at specific sub-categories of textile exports, growth was mainly seen in garments (+7.6% YoY), whereas knitwear (+2.4% YoY) also inched up during the… Continue reading

Pakistan’s textile sector exports surge 2.9 percent in February 2019

KARACHI: Pakistan’s textile and clothing exports recorded 2.9 percent year-on-year surge to $1.090 billion in February 2019, taking the eight-month (July-February FY19) exports to $8.9 billion up 1.38 percent, as eased duties on imported raw materials provided some relief to the industry. On month-on-month basis, textile sector exports recorded a decline of 6.63 percent in February compared with $1.167 billion… Continue reading

Goverment considering to remove import duties on cotton, other raw materials

KARACHI: Government of Pakistan is considering to remove custom duty, additional custom duty and sales tax on import of cotton with a view to facilitate export oriented value added textile sector. The second mini-budget of the PTI goverment is expected in end January, and the Customs tariff is likely to… Continue reading

Pakistan’s textile sector exports remain flat

KARACHI: Exports of textile and clothing products recorded a 0.12 percent decline year-on-year to $1.13 billion in October 2018, while on month-on-month basis, textile sector exports recorded a growth of 10.34 percent compared with $1.024 billion recorded in September 2018, the Pakistan Bureau of Statistics (PBS) reported on Friday. For… Continue reading

Chief Commissioner LTU assures resolution of tax related issues of exporters

KARACHI: Dr. Muhammad Irshad, Chief Commissioner Large Taxpayers Unit (LTU) visited all Pakistan Textile Mills Association (APTMA) Principal Office in Karachi and discussed the issues relating to pending refund claims of their members. Amanullah Kassim, Sr. Vice Chairman APTMA in his welcome speech appreciated the efforts of Dr. Muhammad Irshad,… Continue reading