AGL 39.58 Decreased By ▼ -0.42 (-1.05%)
AIRLINK 131.22 Increased By ▲ 2.16 (1.67%)
BOP 6.81 Increased By ▲ 0.06 (0.89%)
CNERGY 4.71 Increased By ▲ 0.22 (4.9%)
DCL 8.44 Decreased By ▼ -0.11 (-1.29%)
DFML 41.47 Increased By ▲ 0.65 (1.59%)
DGKC 82.09 Increased By ▲ 1.13 (1.4%)
FCCL 33.10 Increased By ▲ 0.33 (1.01%)
FFBL 72.87 Decreased By ▼ -1.56 (-2.1%)
FFL 12.26 Increased By ▲ 0.52 (4.43%)
HUBC 110.74 Increased By ▲ 1.16 (1.06%)
HUMNL 14.51 Increased By ▲ 0.76 (5.53%)
KEL 5.19 Decreased By ▼ -0.12 (-2.26%)
KOSM 7.61 Decreased By ▼ -0.11 (-1.42%)
MLCF 38.90 Increased By ▲ 0.30 (0.78%)
NBP 64.01 Increased By ▲ 0.50 (0.79%)
OGDC 192.82 Decreased By ▼ -1.87 (-0.96%)
PAEL 25.68 Decreased By ▼ -0.03 (-0.12%)
PIBTL 7.34 Decreased By ▼ -0.05 (-0.68%)
PPL 154.07 Decreased By ▼ -1.38 (-0.89%)
PRL 25.83 Increased By ▲ 0.04 (0.16%)
PTC 17.81 Increased By ▲ 0.31 (1.77%)
SEARL 82.30 Increased By ▲ 3.65 (4.64%)
TELE 7.76 Decreased By ▼ -0.10 (-1.27%)
TOMCL 33.46 Decreased By ▼ -0.27 (-0.8%)
TPLP 8.49 Increased By ▲ 0.09 (1.07%)
TREET 16.62 Increased By ▲ 0.35 (2.15%)
TRG 57.40 Decreased By ▼ -0.82 (-1.41%)
UNITY 27.51 Increased By ▲ 0.02 (0.07%)
WTL 1.37 Decreased By ▼ -0.02 (-1.44%)
BR100 10,504 Increased By 59.3 (0.57%)
BR30 31,226 Increased By 36.9 (0.12%)
KSE100 98,080 Increased By 281.6 (0.29%)
KSE30 30,559 Increased By 78 (0.26%)

The weaving sector is baseline of the textile sector producing value-added export fabrics needing to be sustained by R&D Support Facility on fabrics, said Tahir Ishaque Bharara, chairman, Pakistan Textile Exporters Association (PTEA).
Mughees A. Sheikh, chairman, All Pakistan Bedsheets & Upholstery Manufacturers Association (Apbuma); Syed Asim Shah, chairman, Dryport Multan; Sh. Ashfaq Ahmed, chairman, Faisalabad Dryport; Khalid Mehmood Cheema, Muhammad Akram Ghouri, vice chairman, All Pakistan Cotton Powerlooms Association (Apcpa) in a joint communiqué here on Saturday.
The R&D Support Facility on fabrics export over the last two years has helped boost fabrics exports from 904 million meters in 2006 to 1,015 million meters in 2008, the textile leaders stated.
They pointed out that in 2006, the fabrics export had decreased to 904 million meters from 925 million meters of earlier year (2005). The decline was the result of the tough competition in the open market in the aftermath of new World Trade Order (WTO).
The decline in fabrics exports in 2005 clearly pointed out that fabrics export was vulnerable to WTO challenges, and it was in this background that textile package of August 2006 allowed 3 percent R&D Support Facility to fabrics exports.
The textile leaders also stated that the weaving sector was a labour-intensive and livelihood of thousands of households of middle class and poor sectors of society depended upon the weaving sector. The enormity of this labour-intensive and value-adding sector could be gauged from the facts that more than 300,000 powerlooms are working in Faisalabad, Multan, Kasur and Jalalpur Jattan areas of Punjab above besides thousands of looms in Karachi, Swat and other different stations in the country.
It was imperative that such a vast sector of textiles which is contributing substantially towards value-addition and towards employment and livelihood of a big chunk of society as well as economy of the country should be facilitated with R&D Support Facility, they contended.

Copyright Business Recorder, 2008

Comments

Comments are closed.