Se­nate body for value ad­di­tion, in­no­va­tion in tex­tile sec­tor

The Pak Banker - - NATIONAL -

Se­nate Stand­ing Com­mit­tee on Tex­tile In­dus­try on Thurs­day stressed the need for value ad­di­tion and adopt­ing the mod­ern in­no­va­tive meth­ods in tex­tile in­dus­try to en­hance the coun­try's ex­ports. The meet­ing of Se­nate Stand­ing Com­mit­tee on Tex­tile In­dus­try was held un­der the chair­man­ship of Sen­a­tor Mohsin Aziz here. "We should adopt the mod­ern tools and fol­low the in­no­va­tion and re­search in tex­tile to make our prod­ucts com­pet­i­tive in the in­ter­na­tional mar­kets in this sec­tor", Mohsin Aziz said. He said that coun­try has faced 33 % de­cline in cot­ton pro­duc­tion as com­pared to pre­vi­ous years, which need some mea­sures to in­crease the cot­ton pro­duc­tion in fu­ture.

Mohsin Aziz said the tex­tile in­dus­try in the coun­try is pass­ing through a crit­i­cal phase,"We need to take tan­gi­ble steps for pro­mo­tion of this im­por­tant sec­tor." The of­fi­cials of Min­istry of Tex­tile In­dus­try in­formed the meet­ing that ex­ten­sive rain- fall dur­ing the sea­son of cot­ton sow­ing, led to dam­age of the cot­ton crops. He said that less mar­ket prices, ir­ri­ga­tion is­sues and dif­fer­ent virus in crops also caused the de­cline of cot­ton pro­duc­tion in the coun­try. He added that in Pun­jab 44% and in Sindh 4.56 % de­cline ob­served in cot­ton pro­duc­tion.

While dis­cussing on the role, func­tion­ing and ex­pen­di­ture of Pak­istan Cen­tral Cot­ton Com­mit­tee (PCCC), Sen­a­tor Saleem Mand­vi­wala showed con­cern on the re­search and ex­pen­di­ture of PCCC. Sec­re­tary Min­istry of Tex­tile In­dus­try, Amir Khan said that in pre­vi­ous two years "We had got good cot­ton crops but un­for­tu­nately this year dif­fer­ent nat­u­ral phe­nom­e­non like ex­ten­sive rainy weather also re­mained main cause of dam­age to the cot­ton crop".Chair­man com­mit­tee Sen­a­tor Mohsin Aziz ap­pre­ci­ated the re­search and aca­demic work in Na­tional Tex­tile Univer­sity Faisal­abad and their well co­or­di­nat­ing ef­forts to pro­vide re­search fa­cil­i­ties to se­cu­rity in­sti­tu­tions of the coun­try.

He said the au­thor­i­ties should take im­me­di­ate re­me­dial mea­sures to mod­ern­ize this im­por­tant tex­tile sec­tor ac­cord­ingly to in­ter­na­tional stan­dards. Mean­while, The up­per house of the par­lia­ment on Thurs­day de­cided to seek as­sis­tance from the team of ex­perts of In­sti­tute of Busi­ness Ad­min­is­tra­tion (IBA) Karachi for prepa­ra­tions of ef­fec­tive and solid rec­om­men­da­tions of Se­nate Stand­ing Com­mit­tees. In this re­gard a high level meet­ing of Coun­cil of Chair­man was held here presided over by Chair­man Se­nate Mian Raza Ra­bani whereas heads of dif­fer­ent com­mit­tees and four mem­ber del­e­ga­tion of IBA were at­tended the meet­ing. Chair­man Se­nate Mian Raza Ra­bani has in­formed the par­tic­i­pants re­gard­ing this his­toric step of the se­nate and also high­lighted the im­por­tance of the stand­ing com­mit­tees. Sec­re­tary Se­nate Am­jad Per­vaiz Malik gave the de­tail briefing to the Coun­cil of Chair­man about the amend­ments in the rules and reg­u­la­tions of Se­nate.

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