Minister vows to extend support to textile industry

MG News | May 13, 2022 at 11:00 PM GMT+05:00

0:00

May 13, 2022: Federal Minister for Commerce and Investment Syed Naveed Qamar, on Friday, met a delegation of the textile sector from Karachi and discussed the industry’s issues while assuring full support from his Ministry.

The meeting deliberated upon the strategy to get more market access to different potential countries, especially Canada, Australia and South Africa besides taking more benefits of the GSP-plus status given to Pakistan by the European Union. Besides, it took up Drawback of Local Taxes and Levies(DLTL), gas, electricity and pending refunds of the textile sector.

Moreover, the delegation included Chief Executives – Saqib Bilwani from Bonanza, Zaki Bashir from Gul Ahmed, and Yaqoob Ahmed from Denim.

The textile operators mentioned that there were many anomalies left in the last annual budget, which should be addressed immediately.

The Minister emphasized the diversification of textile products and exploration of new markets.

He invited them to attend a meeting in Islamabad on Monday along with concrete proposals. The Federal Finance Minister is also expected to attend the session.

APP

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,204.18 326.75M	-0.12% -200.31
ALLSHR	103,326.47 682.26M	-0.11% -115.78
KSE30	52,323.58 93.96M	-0.17% -90.21
KMI30	244,733.72 73.03M	0.04% 87.89
KMIALLSHR	67,164.58 409.64M	0.17% 114.30
BKTi	47,165.45 34.74M	-0.52% -248.09
OGTi	33,329.66 4.67M	-0.27% -90.09

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,350.00	90,610.00 87,910.00	1290.00 1.46%
BRENT CRUDE	62.01	62.16 60.53	1.54 2.55%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	2.30 2.59%
ROTTERDAM COAL MONTHLY	96.90	0.00 0.00	0.30 0.31%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	57.94	58.13 56.60	1.42 2.51%
SUGAR #11 WORLD	15.00	15.09 14.83	0.18 1.21%