Poor response in the first tender compelled the Trading Corporation of Pakistan (TCP) to issue another tender for the sale of the remaining cotton procured from domestic market. Sources told Business Recorder Friday that although the state-run grain trader has successfully sold some 6,800 cotton … Read more about TCP Sells 6,800 Cotton Bales
Xerium Technologies Commissions New Plant in Turkey
Global provider of industrial consumable products and services, Xerium Technologies has commissioned its new plant in Corlu, Turkey, which will serve customers in Turkey, Southeast Europe and the Middle East. “Xerium has conducted business in the region for many decades as an exporter, and has now … Read more about Xerium Technologies Commissions New Plant in Turkey
Prices Firm Amid Strong Mills’ Buying
Improved business activity was seen on the cotton market on Thursday in the process of trading, dealers said. The official spot rate was unchanged at Rs 4600, dealers said. Seed cotton prices in Sindh were at Rs 2200-2300 and in Punjab rates were at Rs 2200 and Rs 2350, they said. In the ready … Read more about Prices Firm Amid Strong Mills’ Buying
Water Shortage May Lead to Closure of Textile Units: Firoz
Voicing concern over persisting water shortage in all industrial zones of the city, Federation of Pakistan Chambers of Commerce and Industry's (FPCCI) former vice president Gulzar Firoz has apprehended that if the situation continued to persist, it will lead to closure of many textile processing … Read more about Water Shortage May Lead to Closure of Textile Units: Firoz
Incentives Will Help Boost Textile Exports to $26 Billion by 2019
An incentive of Rs 64.15billion cash subsidy to the textile and clothing sectors under the Textile Policy will boost exports to $26billion by 2019. The package announced under the Textile Policy (2015-19) carries special duty-drawback rates, duty exemption on plants and machinery, subsidy on … Read more about Incentives Will Help Boost Textile Exports to $26 Billion by 2019
Cotton Market: Rates Fall Amid Post-Holidays Session
Prices showed soft trend on the cotton market on Wednesday in the absence of leading buyers' interest amid Eid-ul-Fitr holidays' session, dealers said. The official spot rate was down by Rs 100 to Rs 4600, dealers said. Seed cotton prices in Sindh followed same pattern losing Rs 50 to Rs 2250-2300 … Read more about Cotton Market: Rates Fall Amid Post-Holidays Session
EID GREETING
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Appointment of textile minister likely
The Prime Minister''s Office has reportedly vetoed the recommendation of the Cabinet Committee on Restructuring (CCoR) for merging the textile ministry with the commerce ministry, it is learnt. The CCoR meeting held on March 27, 2015 and chaired by federal minister for finance Ishaq Dar, had … Read more about Appointment of textile minister likely
Textile industries facing difficulties
Textile industries facing difficulties It is really a great irony that while the government is pushing to increase exports, the harassed and greatly burdened are not only facing short supply of these most essential inputs, Gas, Electricity and Water but also to add fuel to the fire, tariff of all … Read more about Textile industries facing difficulties
Modest Trade Amid Pre-Holidays Session
Modest Trade Amid Pre-Holidays Session Modest trading was seen on the cotton market on Thursday as main buyers were conspicuous by their absence amid Eid-ul-Fitr holidays session, dealers said. The official spot rate was unchanged at Rs 4700, dealers said. Seed cotton prices in Sindh were at Rs … Read more about Modest Trade Amid Pre-Holidays Session
JICA To Provide Technical Assistance to Textile Ministry Pakistan
Japan International Co-operation Agency (JICA) on Tuesday extended a helping hand to the ailing textile sector of Pakistan by showing willingness to provide technical assistance to the Ministry of Textile in marketing, products diversification and capacity building of garment technology … Read more about JICA To Provide Technical Assistance to Textile Ministry Pakistan
SSM to show DURO-TW Package Winder At Techtextil India
SSM is exhibiting at the upcoming trade show Techtextil India in Mumbai, which runs from September 24-26, 2015 and will showcase its DURO-TW precision package winder. “The SSM DURO-TW precision winder can be used for all technical yarns up to 50,000 dtex, thereby offering a new level of … Read more about SSM to show DURO-TW Package Winder At Techtextil India