Strong mills' buying pushing the rates at high on the cotton market on Saturday, dealers said. Resulting, the official spot rate maintained an upward trend, gaining more Rs 100 to Rs 5400, dealers said. In Sindh, seed cotton prices were up by Rs 100 to Rs 2600 and Rs 3100 and in Punjab rates also … Read more about Cotton market: Strong Demand Pushing Prices Up
FCCI Terms 10 Percent Duty On Imported Yarn A Blunder
Ten per cent duty on imported yarn is a blunder which is tantamount to kill the value added textile sector which was the mainstay of the textile sector, said President Faisalabad Chamber of Commerce and Industry Chaudhary Muhammad Nawaz. Commenting on the recent decision of Federal Finance … Read more about FCCI Terms 10 Percent Duty On Imported Yarn A Blunder
Cotton market: spot rate extends overnight gains on strong buying
Official spot rate extended overnight gains on the cotton market on Saturday as mills and spinners continued buying following the fears of short supply of crop in the coming days, dealers said. The official spot rate was higher by up by Rs 50 to Rs 5250, dealers said. In Sindh, seed cotton was … Read more about Cotton market: spot rate extends overnight gains on strong buying
PRGMEA demands establishment of ‘Trade House’ in Dubai
Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has submitted the proposals to Prime Minister for bringing revolutionary changes for enhancing the export volume, said PRGMEA spokesperson Ijaz A Khokhar. Talking to Business Recorder on Sunday he said that PRGMEA had … Read more about PRGMEA demands establishment of ‘Trade House’ in Dubai
India Waging ‘Economic War’ : APTMA
The All Pakistan Textile Mills Association in the Punjab has accused India of waging "an economic war" by targeting the textile industry in Pakistan. Association Chairman Aamir Fayyaz said in a press conference on Saturday, "The textile industry is the largest industrial base of Pakistan and India … Read more about India Waging ‘Economic War’ : APTMA
Textile Units Up For Sale?
A good number of textile millers have put their units on sale in the city, saying the high cost of doing business had hit hard to their viability. "We are left with no option but to sale out our units at throwaway price," said one miller who is unable to pay his electricity bill. "Not only are the … Read more about Textile Units Up For Sale?
ICAC Expects World Cotton Trade To Be Stable In 2015/16
The International Cotton Advisory Council (ICAC) expects world cotton trade to be stable in the 2015/16 season to be stable. In its latest report, ICAC forecasts world cotton imports to also remain unchanged at 7.6 million tons in 2015/16. While China is likely to remain the world's largest … Read more about ICAC Expects World Cotton Trade To Be Stable In 2015/16
Switzerland, UK, US lead in Global Innovation Index 2015
Switzerland, the UK, Sweden, the Netherlands and the US are the world's five most innovative nations, according to the Global Innovation Index 2015, while China, Malaysia, Viet Nam, India, Jordan, Kenya, and Uganda are among a group of countries outperforming their economic peers. The GII 2015 … Read more about Switzerland, UK, US lead in Global Innovation Index 2015
Itema shows weaving innovations at Techtextil India
Italian producer of advanced weaving machinery, Itema participated at the recently organised Techtextil India, which was held from September 24-26, 2015 in Mumbai, India. According to a press release from the company, Itema presented two brand-new applications available on R9500; fibreglass and … Read more about Itema shows weaving innovations at Techtextil India
APTPMA Faisalabad Region: Five Candidates Elected Unopposed
September 18, 2015 RECORDER REPORT 0 CommentsE-mailPrintPDF Five candidates were provisionally declared elected unopposed for the five available seats of executive committee of All Pakistan Textile Processing Mills Association (APTPMA) Faisalabad Region for the year 2015-16. Among these candidates … Read more about APTPMA Faisalabad Region: Five Candidates Elected Unopposed
Processing Mill Owners Go On Strike
All Pakistan Textile Processing Mills Association(APTPMA) has urged the premier and the federal finance minister to look into alleged harassment of processing mills owners by the Federal Board of Revenue under the sections 38-A and 40-B of Sales Tax Act. He said the sizing industry owners were … Read more about Processing Mill Owners Go On Strike
Apparel Sector dissatisfied over exporters meeting with Prime Minister
It is indeed a great irony and an apathy that the Prime Minister of Pakistan called a meeting of Exporters Associations after two and a half years - ie after 50% of the tenure of the incumbent government and further irony that in this crucial meeting he gave time to the Spinning Sector - APTMA and … Read more about Apparel Sector dissatisfied over exporters meeting with Prime Minister