Pakistan News

    Al Karam Textile Mills Karachi Pakistan City

  • Hyundai to assemble cars in Pakistan in venture with textile group Nishat Mills

    Hyundai Motor Company plans to set up a car assembly plant in Pakistan in a joint venture with local textile firm Nishat Mills, an official from Nishat said on Friday...

    Hyundai's return to Pakistan will boost the government's efforts to shake up the Japanese-dominated car market and loosen the grip of Toyota, Honda and Suzuki, who assemble cars in Pakistan with local partners...

  • Rising cost hastens textile mills shutdown: Aptma

    KARACHI: Around 110 textile mills have shut down owing to high cost of doing business, the All Pakistan Textile Mills Association (Aptma) said on Tuesday...

    In a statement, Aptma Chairman Tariq Saud cited the cost of electricity that was the highest in Pakistan at 14 US cents per unit against average 9 cents in the region...

  • Recovery of new surcharges from textile mills stayed

    PESHAWAR: A Peshawar High Court bench has stayed the recovery of the recently imposed tariff rationalisation surcharge and financial cost surcharge by the Peshawar Electric Supply Company (Pesco) from four textile mills in the province...

    The petitions are filed by Royal Textile Mills, Sarhad Textile Mills, AJ Textile Mills and Kohat Textile Mills...

  • Aptma decides to shut textile mills

    LAHORE: The Chairman of the All Pakistan Textile Mills Association, Mr S...

    Tanveer, said on Sunday that the association had decided to ‘voluntarily’ close down the textile industry because of the losses it had been suffering...

  • Textile mills want duty-free cotton imports

    LAHORE: The All Pakistan Textile Mills Association (Aptma) on Thursday urged the government to immediately remove 4 per cent customs duty and 5pc sales tax on cotton imports to help the spinning industry stay competitive...

    On the other hand, the Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) has sought immediate removal of 10pc regulatory duty, customs duty and other taxes on the import of yarn form all...

  • 100 textile mills ‘ready’ for closure

    LAHORE: Hundred textile mills of Punjab have written to the All Pakistan Textile Mills Association (Aptma) to close their units if the federal government fails to address non-viability of the industry and restore its competitiveness...

    Aptma will call a conference of stakeholders of the entire textile chain, including value-added sector, this month to evolve a joint protest strategy...

  • Textile mills defer strike for a month

    LAHORE: All-Pakistan Textile Mills Association chairman S...

    He said the standing committee on textile had also endorsed the viewpoint of the textile industry when the latter made a presentation on industry issues...

  • PHC stops FBR from acting against textile mills

    PESHAWAR: A single-member Peshawar High Court bench has stopped the Federal Board of Revenue from acting against three textile mills, which have challenged the retrospective application of reduction in tax credit from 10 percent to five percent for industrial units, which had made investment for modernisation and expansion...

    Justice Ahmad Ali also directed the three textile mills be allowed to submit their returns manually or by...

  • Body set up to investigate Karachi textile city delay

    ISLAMABAD: National Assembly’s Standing Com­mit­­tee on Textile Industry has constituted a subcommittee to identify factors leading to delay in establishment of a textile city in Karachi...

    In a meeting on Wednes­­day, Standing Committee Chairman Muhammad Sha­fqat Hayat Khan expressed displeasure over the absence of the deputy commissioner of Malir, Karachi...

  • Textile City project faces the axe

    ISLAMABAD: A parliamentary committee was told on Thursday that the government had decided to wind up the Pakistan Tex­tile City even though more than Rs2...

    The board of governors has decided to wind up the Textile City,” Kazim Hussain, Director General of Planning and Development, Port Qasim Authority, told the Senate committee on ports and shipping...

  • Govt rolls back Textile City

    KARACHI: The Pakistan Textile City launched amid much fanfare more than a decade ago to provide state-of-the-art facilities to the textile industry is now being rolled back by the federal government, official sources told Dawn on Wednesday...

    Spread over 2,500 acres, the zone was aimed to provide world-class facilities to the textile industry so that it could comply with standards of the World Trade Organisation...

  • ‘Sell land to clear debt of Textile City project’

    ISLAMABAD: Expressing reservations over the proposed closure of Pakistan Textile City Project in Karachi, the National Assembly Standing Committee on Textile on Tuesday directed the Ministry of Textile Industry to sell 250 acres acquired for the project to clear its debt...

    The issue cropped up in the wake of a report compiled by a sub-committee constituted on the order of Prime Minister Nawaz Sharif to ascertain the reasons for over...

  • In Karachi, PM rebuffs traders’ concerns, invites textile producers for detailed talks

    KARACHI: Prime Minister Imran Khan on Wednesday rejected the traders’ demand of withdrawing CNIC condition for sale and purchase activities...

    Former president Karachi Chamber of Commerce and Industry (KCCI) Zubair Motiwala said the issue of 17-20 per cent sales tax on textile sector and CNIC condition would be discussed at length at a meeting to be held on Friday with businessmen...

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