Textile

Positive trend registered in Pakistan’s textile exports

Positive trend registered in Pakistan’s textile exports

November 21, 2019

ISLAMABAD: During the first four months (July-October) of the current fiscal year, textile group exports have seen a rise of 4.1% as compared to exports of the corresponding period of last year. Comparing the month of October of the current fiscal year to last year’s, a growth of 7.44% has[...]
Taiwan mulls moving textile firms to Pakistan

Taiwan mulls moving textile firms to Pakistan

November 18, 2019

LAHORE: Taiwan Textile Federation President Justin Huang has conveyed his interest in relocating Taiwanese textile companies from Vietnam to Pakistan due to the favourable labour market in the country. Justin cited the overcrowding of Vietnam’s manufacturing industry as the reason of his lookout for other venues. “At present, Vietnam is[...]
Textile industry awaits refunds worth Rs80 billion

Textile industry awaits refunds worth Rs80 billion

November 17, 2019

KARACHI: Rifts between the government and textile industry continue to widen as the latter issued another warning about the turmoil within the sector due to no-show of refunds worth approximately Rs80 million. All Pakistan Textile Mills Association (APTMA) Chairman Amanullah Kassim held a press conference regarding the matter, where he[...]
Increase in exports to China on the cards

Increase in exports to China on the cards

November 12, 2019

BEIJING: Considerable increase in products and geographic coverage will set a new tone for exports to China as the Pakistan-China Free Trade Agreement (FTA) enters its second phase, said Adviser to Prime Minister on Commerce Abdul Razak Dawood. Seizing the opportunity given by the Chinese government to increase the volume[...]
Textile sector urges reinstatement of No Payment, No Refund regime

Textile sector urges reinstatement of No Payment, No Refund regime

November 4, 2019

FAISALABAD: With liquid assets drying up fast due to no-show of sales tax refunds, the textile industry is pressing the government to restore the zero-rated facility for the sector to stem the slow demise of a profitable part of Pakistan’s economy. According to Pakistan Hosiery Manufactures & Exporters Association (PHMA)[...]
Textile exports to be bolstered by the EU

Textile exports to be bolstered by the EU

October 23, 2019

LAHORE: The European Union will assist the local textile industry to work towards ensuring sustainable growth of the country’s textile sector. “Pakistan needs to prepare itself to meet the challenges of sustaining the Generalised System of Preference Plus (GSP+) status so as to avail the opportunities of increasing exports to[...]
Formation of new industrial zones in Punjab under deliberation

Formation of new industrial zones in Punjab under deliberation

October 3, 2019

LAHORE: Punjab Minister for Trade & Industry Aslam Iqbal presided over a meeting at the Punjab Board of Investment and Trade (PBIT) office on Wednesday. The meeting saw a discussion on various matters, including the formation of new industrial clusters, special economic zones and establishment of required infrastructure in the[...]