Textile Industry News

Cotton Market: Trade Activity Slows Down Due To Low Quality Falling trend persisted on the cotton market on Saturday due to limited buying by spinners and mills, dealers said. The official spot rate was unchanged at Rs 6,600, dealers said. In Sindh and Punjab, seed cotton prices were inert at Rs … Read more about Cotton Market: Trade Activity Slows Down Due To Low Quality

Pakistani Businessman Given French Medal Government of France on Friday conferred one of its most prestigious medals, CHEVALIER DE L'ORDRE NATIONAL DU MERITE, upon Shabir Ahmed, a pioneer in establishing Islamabad's business cooperation with Paris. Ahmed is the patron-in-chief and former chairman … Read more about Pakistani Businessman Given French Medal

Spinners Optimistic Despite Continuing Slump Sales of commodity yarns continue to be stagnant mid-year, with many spinners reporting results significantly below projections. At the same time, while the downturn has been a disappointment, it does not, at least to this point, compare with the … Read more about Spinners Optimistic Despite Continuing Slump

Textile Exports Fall By 7.42 Percent In Fiscal Year 2016 The country''s textile exports declined by 7.42 percent during the just concluded fiscal year as compared to subsequent fiscal year of 2014-15 after exports deteriorated to $12.455 billion from $13.453 billion, according to Pakistan Bureau of … Read more about Textile Exports Fall By 7.42 Percent In Fiscal Year 2016

Cotton Futures Slip On Profit-Taking, Dollar Surge ICE cotton futures settled lower on Friday, registering their biggest weekly fall in more than five weeks, on end of the week profit-taking and a stronger dollar. "Some of the Chicago grains like soybean were down, that was a little bit negative in … Read more about Cotton Futures Slip On Profit-Taking, Dollar Surge

VIETNAM’S 2016 EXPORTS SEEN RISING 8PC, BELOW TARGET A 2ND YEAR Vietnam is likely to miss its export target for a second straight year in 2016, according to comments by the trade minister quoted on Monday. "If we proactively explore new markets and potential, apart from boosting exports to … Read more about VIETNAM’S 2016 EXPORTS SEEN RISING 8PC, BELOW TARGET A 2ND YEAR

Indian Textile Package A Threat To Pakistan's Industry Textile exporters have urged the federal government for a comprehensive textile package to facilitate the domestic industry and attract more investment in the sector. "In the current situation, when our competitors are announcing billions of … Read more about Indian Textile Package A Threat To Pakistan’s Industry

RD On Cotton Import: APTMA Rejects Senate Body's Recommendation All Pakistan Textile Mills Association (APTMA) strongly has rejected the recommendation of Senate Standing Committee on National Food Security and Research to impose Regulatory Duty on import of Cotton from India through Wagha … Read more about RD On Cotton Import: APTMA Rejects Senate Body’s Recommendation

IGATEX Pakistan To Be Held In April FAKT Exhibitions (Pvt) Ltd brings back the most awaited event IGATEX Pakistan 2017 - The 10th International Garment, Textile Machinery & Accessories Exhibition & Conference to Karachi. The pioneer event of its kind will mark its presence in Karachi Expo Centre … Read more about IGATEX Pakistan To Be Held In April

Lacklustre Business Seen On Cotton Market Not a single deal finalised on the cotton market on Friday as mills and spinners most of the time kept on the sidelines due to less demand for yarn and low quality of old stocks, dealers said. The official spot rate was unchanged at Rs 5,500, dealers said. … Read more about Lacklustre Business Seen On Cotton Market

APTMA Welcomes Zero-Rated Regime The All Pakistan Textile Mills Association (APTMA) group leader Gohar Ejaz has welcomed the announcement of zero-rating regime for textile industry amid hesitation relating to 10 percent viability impact on industry in the form of surcharges, levies and innovative … Read more about APTMA Welcomes Zero-Rated Regime

Shaoxing To Be China's Largest Textile Recycling Base Shaoxing city in eastern China's Zhejiang province is all set to become the country's largest textile waste recycling base, as two companies have joined hands for a project aimed at environment protection. Two companies, namely, Zhejiang … Read more about Shaoxing To Be China’s Largest Textile Recycling Base