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Textile Briefs National.

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1. (Textile City) has decided to take formal approval from the Ministry of Textile Industry to sign a joint venture with K-Electric for setting up a 600 MW coal-based power project. K- Electric has presented a proposal to Pakistan Textile City for a joint venture of 600 MW coal- based power project in the Textile City which will help to supply cheap power steam and hot water to value-added textile industries in the Pakistan Textile City zone.

2. The Federal Board of Revenue (FBR) Regional Tax Office-I has released Rs 1.7 billion refunds to the textile sector in connection with a commitment in the budget 2014-15.

3. Governor Punjab Ch Muhammad Sarwar said that the government has strong realization of textile industry hardships and it has never desired mistreat- ment to the textile industry.

4. Pakistan Cotton Ginners Association (PCGA) is endeavoring for increasing the production of good quality up to 20 million bales and achieving the goal of long staple cotton betterment of the farmers as well as of ginners creating job opportunities and industrialisation in Pakistan said Aasim Saeed Sheikh Vice Chairman PCGA.

5. Pakistan Cotton Ginners Association (PCGA) fortnightly report shows that around 2750563 cotton bales were sourced to the country's ginners by September 15th. This year the cotton arrival has shown an increase of 4.73%.

6. All Pakistan Textile Mills Association (APTMA) Punjab zone expressed concerns over on-going 10 hours electricity load shedding in Punjab-based textile industry on inde- pendent feeders.

7. Rana Altaf Ahmad has taken over the charge of Senior Vice Chairman of Pakistan Hosiery Manufacturers and Exporters Association (North Zone). After taking over the charge he addressed the Executive Members of PHMA and said that more than fifty percent value-added textile units have already been closed while the remaining are running only with 30 to 40 percent of their production capacity.

8. Textile industry plays a very important role in Pakistan's econ- omy. The textile industry is major part of Pakistan's economy and con- tributes around 54% of the total exports earnings of the country and contributes 8.5% to gross domestic product.

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Title Annotation:refunds for textile industry; cotton production increase; textile industry exports
Publication:Pakistan Textile Journal
Geographic Code:9PAKI
Date:Oct 31, 2014
Words:353
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