All Pakistan Textile Mills Association Chairman S. M. Tanveer has thanked Prime Minister Nawaz Sharif for holding a detailed meeting with textile industry associations to finalise a relief package in context of the high cost of doing business and relating issues. He has also appreciated the role of … Read more about Prime Minister Thanked For Holding Talks With Textile Bodies
Textile issues: meeting with PM expected in mid-Sept: S M Tanveer
All Pakistan Textile Mills Association (APTMA) Chairman, S M Tanveer has said that the Prime Minister Nawaz Sharif has assured of resolving the textile industry issues in a meeting, likely to be held in second week of September with APTMA and other textile industry associations. He said the spade … Read more about Textile issues: meeting with PM expected in mid-Sept: S M Tanveer
Procurement Of Seed Cotton Through TCP: Textile Ministry”s Proposal Rejected
Finance and Commerce ministries have rejected the proposal of textile ministry for procurement of seed cotton through Trade Corporation of Pakistan (TCP), terming it impracticable due to operational reasons and estimated financial loss of up to Rs 13 billion to the public exchequer, documents … Read more about Procurement Of Seed Cotton Through TCP: Textile Ministry”s Proposal Rejected
APTMA Slams Govt For Steep Power Bills
As the Pakistani textile industry continues to struggle against unfriendly business atmosphere, the All Pakistan Textile Mills Association (APTMA) has criticized the Ministry of Water and Power for ignoring the ground realities and destroying the textile industry as the largest employer of 10 … Read more about APTMA Slams Govt For Steep Power Bills
Asia-Oceania Tops Global Textile Machinery Consumption
Fibre2Fashion's latest report “Global Textile Machinery Market Outlook -Trends and Forecast till 2020 – By Type, By Sales Volume, and By Region and Exports”, identifies the major drivers and restraints for the global textile machinery market with an analysis of trends, opportunities, and … Read more about Asia-Oceania Tops Global Textile Machinery Consumption
Zenit+ From Loepfe Offers Superior Clearing For Core Yarns
During yarn clearing, which eliminates yarn faults, faults in core yarns have to be detected very reliable for which the optical yarn clearer Zenit+ from Loepfe, offers a superior method for this application. According to a Loepfe press release, stretch fabrics are becoming more and … Read more about Zenit+ From Loepfe Offers Superior Clearing For Core Yarns
Steadier Trend Amid Pre-Holiday Session
Steadier trend was again witnessed on cotton market on Thursday ahead of Independence Day holiday, dealers said. The official spot rate was stable to Rs 4,500, dealers said. Seed cotton prices in Sindh were higher by Rs 100 to Rs 2400 and Rs 2500 and in Punjab rates were at Rs 1800 and Rs 2550, they … Read more about Steadier Trend Amid Pre-Holiday Session
Package For Textile Industry
The government on Friday announced that the special package unveiled last year under the Textile Policy 2014-19 will remain available for the sector during 2015-16 as well. In his budget speech, Finance Minister Ishaq Dar said that under the Textile Policy 2014-19 financial package of Rs64.15 … Read more about Package For Textile Industry
Import Of Textile Machinery Reduced With 26%
Import of textile machinery has reduced with 26% after falling of investment, while imports of textile machinery are expected to decreased. However, Pakistan’s most important export industry is declining it’s investment rapidly in the textile sector, local industries are facing stiff competition … Read more about Import Of Textile Machinery Reduced With 26%
FM to consider FICCI Textiles Committee Suggestions
Finance minister Aurn Jaitley has assured the Textiles Committee of the Federation of Indian Chambers of Commerce and Industry (FICCI) that he would consider its suggestions on proposed revised Technology Upgradation Fund Scheme (TUFS), interest subvention and duties on man-made fibre. The … Read more about FM to consider FICCI Textiles Committee Suggestions
Valmet Acquires Tissue Rewinder Business From Italian Firm
Valmet Corporation, a leading global developer and supplier of technologies, automation and services for the pulp, paper, and energy industries, has acquired the paper machinery and focus rewinding business from Italian firm, Massimiliano Corsini srl (MC Paper Machinery). The acquisition is … Read more about Valmet Acquires Tissue Rewinder Business From Italian Firm
Government-APTMA Talks End In Stalemate
The talks between government and All Pakistan Textile Mills Association (APTMA''s) to postpone the latter''s strike call of August 7 failed to produce results on Saturday after the Finance Ministry refused to accept industry''s demand for withdrawal of recently imposed surcharges on electricity … Read more about Government-APTMA Talks End In Stalemate