TEXTILE MINISTER CHAIRS THE FIRST MEETING OF FEDERAL TEXTILE BOARD
Islamabad, the 27th October, 2014
The Ministry of Textile Industry is here to facilitate the textile business community and would leave no stone unturned for the textile sector uplift. This was stated by Federal Minister for Textile Industry Abbas Khan Afridi while chairing the first meeting of Federal Textile Board after its reconstitution in July 2014. The minister assured the members that MINTEX is following a multi-pronged strategy from facilitation to research and technology up gradation for the textile sector’s protection and development.
Members from APTMA, APTPMA, PHMA, PCGA, PRGMEA, Pakistan Central Cotton Committee, National Food Security & Research, National Textile University, Textile Commissioner and Secretary MINTEX attended the meeting.
In this long awaited meeting issues pertaining to declining textile exports, upcoming textile policy, GSP capitalization, seed amendment act, cotton standardization, Textile Cess, EDF, sales tax refunds and deferred payments were discussed in detail.
The members recommended the inclusion of Pakistan Textile Exporters Association, Towel Manufacturer Association, All Pakistan Bed sheets & Uphoisery Manufacturer Association, All Pakistan Denim Manufacturers & Exporters Association, Pakistan Carpet Manufacturers & Exporters Association, Pakistan Bedwear Exporters Association in the Federal Textile Board.
In order to streamline the board’s mandate and effectiveness, it was decided to conduct quarterly meetings of the board. The private members apprised the minister of their grievances in general and pending sales tax refund issue in particular. They were assured of all out cooperation and support from MINTEX. .It was decided to hold an International Textile Exhibition annually. The first one is planned to be organized in March 2015
Secretary MINTEX informed that textile policy would be presented in the next ECC meeting and restructuring of the Pakistan Central Cotton Committee was also on the cards. Rector National Textile University highlighted the performance and achievements of the University.