Pakistan News

    Yarn Manufacturers In Hyderabad

  • 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...

  • 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...

  • 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...

  • 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...

    Under the investigation, three Indian producers of fine cotton yarn (carded or combed) were selected for determining subsidies on the basis of the information provided by them and the government of India...

  • 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...

  • Textile manufacturers disappointed

    LAHORE: The large-scale textile manufacturers on Friday rejected the budget for fiscal year 2015-16 as disappointing, saying that it did not contain any measure to help them reduce their cost of doing business and become competitive in the global markets...

    Speaking at a news conference, All Pakistan Textile Manufacturers Association (Aptma) Chairman S...

  • Sports goods manufacturers demand incentive package, ‘football village’

    SIALKOT: Sports goods manufacturers and exporters on Friday demanded a special incentives package for the Sialkot-based industry, with special focus on setting up a ‘football village’ with training and development facilities...

    Meeting a group of journalists, leading manufacturers and exporters from the north-eastern city in Punjab said the sports goods industry is in dire need of government patronage...

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