Pakistan News

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  • Pakistan losing yarn market to Vietnam

    After surrendering a significantly big part of international textile clothing market to its regional rivals, especially Bangladesh, since the abolition of quotas, Pakistan is now fast losing its cotton spun yarn markets to the much cheaper Vietnam...

    Vietnam’s net yarn exports increased at an annual rate of over 40pc between 2011/2016...

  • Textile sector slams 10pc duty on yarn imports

    KARACHI: The value-added textile sector on Monday slammed the imposition of 10 per cent Regulatory Duty (R/D) on import of cotton yarn and fabric from India on the grounds that a case of anti-dumping filed by spinners’ body is already pending before the National Tariff Commission (NTC)...

    Leaders of associations of hosiery, readymade garments, knitwear and sweaters, cotton fashion apparel, etc pointed out that since the NTC was...

  • Yarn makers’ ‘cartel’ pushes prices up by 50pc

    LAHORE: Yarn manufacturers are acting like a cartel, the value-added apparel sector claims, as they have raised prices by 50 per cent to Rs1,200 per 100-pound bag from Rs800 since the imposition of 10 per cent imports duty...

    Pakistan Readymade Garments Manufacturers and Exporters Ass­ociation (Prgmea) Chief Co­ordi­­nator Ijaz Khokhar, in a press statement issued on Friday, said cotton prices climbed soon after the government...

  • Yarn, machinery suppliers see robust growth in Bangladesh

    INDIAN yarn maker Damodar Industries Ltd aims to export 2,000 tonnes of yarn to Bangladesh a year in three years from its annual shipment of 500 tonnes now...

    Demand for yarn in Bangladesh is on the rise, riding on the back of higher garment exports,” said SC Tandon, a senior official of Damodar Industries...

  • Garment makers see cartel behind surging yarn prices

    LAHORE: The Pakistan Readymade Garment Manufacturers and Exporters Association (Prgmea) has urged government to take notice of a 25 per cent surge in yarn prices “due to cartelisation of local manufacturers”...

    In a statement issued on Monday, Prgmea Chief Coordinator Ijaz Khokhar said a rise in yarn prices to Rs11,500 from Rs9,950 during the last one-and-a-half months was adversely affecting the apparel sector...

  • NA body for banning cotton yarn imports from India

    The committee, chaired by Khawaja Ghulam Rasool Koreja, strongly recommended a ban on the imports of quality cotton yarn, particularly from India, since Pakistan itself produces it...

    The meeting was also attended by Minister for National Food Security and Research, Sikandar Hayat Khan Bosan, chairman of Trading Corporation of Pakistan, parliamentary secretary for Textile Industry, officials of the Federal Board of Revenue (FBR) and...

  • Govt accepts Aptma demand to curb cotton yarn import

    ISLAMABAD / LAHORE: The Nawaz Sharif government on Saturday accepted two major demands of the spinners and weavers, agreeing to restrict import of cotton yarn, as well as grey and processed fabrics, by imposing a regulatory duty of 10 per cent to protect the domestic textile market from foreign competition...

    The decision is likely to hurt the value-added (woven and knit) apparel exporters, who claim that the low-cost import of yarn...

  • Govt considers withdrawing import duty on fine yarn

    ISLAMABAD: The government considers withdrawing 10 per cent regulatory duty on import of fine count yarn, mostly used in the readymade garments, Commerce Minister Khurram Dastgir Khan said on Wednesday...

    However, the regulatory duty would remain on coarse-yarn imports to the benefit of local manufacturers, the minister told a select group of journalists...

  • An implausible yarn

    Instead he puts together a badly paced, implausible yarn, devoid of exciting twists and drained of suspense because of too much foreshadowing which never leaves you in any doubt as to how things will eventually turn out...

  • Countervailing duty imposed on Indian fine cotton yarn

    KARACHI: The National Tariff Commission (NTC) on Wednesday slapped provisional countervailing duty for four months on the import of Indian fine cotton yarn...

    The commission opened a countervailing investigation on April 20, 2016 under Section 11 of the Coun­tervailing Duties Act of 2015, after a complaint lodged by All Pakistan Textile Mills Association on behalf of the domestic industry...

  • Withholding tax on yarn rejected

    KARACHI: The Pakistan Yarn Merchants Association (PYMA) has rejected four per cent withholding tax imposed on textile value chain...

    In a statement issued on Tuesday, PYMA Chairman Muhammad Saqib Goodluck said that in a meeting with the Federal Board of Revenue (FBR), it was agreed that only 1pc withholding tax would be imposed on yarn...

  • Pakistan welcomes US offer to take on Tehreek-i-Taliban Pakistan

    WASHINGTON: Days before crucial talks with the US defence secretary, Pakistan has welcomed an American offer to take action against militants involved in cross-border raids from the Afghan soil, the Voice of America radio service reported on Wednesday...

    The official US news outlet also reported that Pakistan believed the US offer “augurs well” for regional counterterrorism cooperation...

  • Pakistan 2 rout Pakistan 1 to clinch World Snooker team gold

    KARACHI: Pakistan 2 overcome fighting Pakistan 1 by 5-4 frames in agonising all-Pakistan final played for the first time in any global event to win the IBSF Team Event Snooker Championship in the Egyptian city of Hurghadha on Thursday evening...

    Pakistan 2 was represented by the former world amateur snooker champion Mohammad Asif and Babar Masih while Pakistan 1 comprised national champion Mohammad Sajjad and runner-up Asjad Iqbal... ...

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