AGP Executive Report
Last update: 6 hours agoBudget & exports (Pakistan): The Pakistan Textile Council backed Finance Bill 2026-27, praising income-tax slab changes, super-tax rationalisation, and—most notably—the planned abolition of super tax on exporters to cut effective burdens and ease cash flow. Monetary policy pressure (Pakistan): The Pakistan Hosiery Manufacturers & Exporters Association urged the SBP to keep rates steady at the June 15 MPC, warning higher borrowing costs would hit value-added textile competitiveness. GI for Bihar crafts: NABARD and Bihar awarded Geographical Indication tags to Nalanda’s Bawan Buti sarees, Gayaji’s Patharkatti stone craft, and Bhojpur’s Pidiya painting, aiming to protect names and boost artisan incomes. Industrial expansion (India): Karnataka’s PM MITRA textile park near Kalaburagi moved toward phase-I groundwork, while Bihar’s Gaya will host a Rs170 crore MSME technology centre foundation on June 15. Circularity & repair: India’s Samposhan ran a “Pause. Mend. Reuse.” garment-mending push, while broader textile-to-textile recycling themes kept gaining traction. Heritage & skills (UK): Oswaldtwistle Mills secured National Lottery Heritage Fund support to reopen its weaving heritage centre, including education work with local schools. Energy bottleneck (Bangladesh): Jamalpur Economic Zone investors face delays as only one of 19 firms has gas connections, forcing some to rely on costly LPG and backup power.
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