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
TCP Sells 6,800 Cotton Bales
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
WE WISH YOU AND YOUR FAMILY A VERY HAPPY & PEACEFUL EID MUBARAK WE ASK ALLAH TO MAKE YOU HAPPY, MAKE YOU SMILE, GUIDE YOU SAFELY, THOUGH EVERY MILE, GRANT YOU WEALTH, GIVE YOU HEALTH AND MOST OF ALL GRANT YOU PARADISE Please immediately contact us, if you want to Purchase / Sale any machinery … Read more about EID GREETING
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