Pakistan News

    Zahidjee Textile Pakistan

  • MoUs signed for $315m investment in Pakistan at textile expo

    LAHORE: The three-day 18th International Textile Asia Exhibition concluded with $375 million worth of Chinese investment in Pakistan, pledged through several memorandum of understanding’s (MoUs) signed between Chinese and local firms...

    The event was jointly organised by the E-commerce Gateway Pakistan and Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) and brought as many as 500 foreign delegates from...

  • Pakistan's once-booming textile industry struggles to bounce back

    As Pakistan slowly emerges from a long-term power crisis, its once booming textile sector is scrambling to find its feet ? but high energy costs and a decade lost to competitors mean recovery is far from assured...

    The result was crippling for manufacturers and in particular the textile sector, which employs 30 per cent of the working population...

  • 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...

  • Pakistan lagging behind rivals in textile competitiveness

    KARACHI: Pakistan’s production and earning capacity is far lower as it earns $1 billion through the products of one million cotton bales while Bangladesh and Vietnam earn $6bn and $8bn, respectively, said Asma Khalid, senior economist at State Bank...

    Recent World Bank data show Pakistan’s bilateral costs to be relatively higher than those of other developing economies, said Salam Ali of IGC...

  • Pakistan's textile exports jump 8pc

    ISLAMABAD: Exports of textile and clothing products recorded an eight per cent growth year-on-year to $11...

    2 billion in the 10 months of 2017-18, the Pakistan Bureau of Statistics (PBS) reported on Monday...

  • 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)...

    “It shows that the government clamped duty without doing its homework to oblige spinners,” observed Jawed Bilwani chairman Pakistan Apparel Forum...

  • Textile woes again

    Its representative, the All Pakistan Textile Mills Association, says that the spinning sector is prepared to shut down its factories given the continuous increases in production costs, and the impending gas-load management plan that is set to shut off gas to industry in Punjab in order to divert supplies to domestic consumers...

    The warning comes at a time when Pakistan’s exports are already on a downward path, with no uptick in...

  • Govt behind textile sector crash: PTI

    LAHORE: Pakistan Tehreek-i-Insaf Punjab organiser Chaudhary Sarwar says the rulers are responsible for the closure of textile mills due to a gas supply cut and costly electricity...

    He told reporters at a ceremony on Tuesday, 70 textile mills had already been closed in Punjab and now 100 more faced closure...

  • Textile industry underscores power tariff distortions

    ISLAMABAD: The textile industry has identified serious distortions in the electricity tariff resulting in the build-up of billions of rupees per month of unpaid refunds, making the industry unsustainable...

    In a letter to the National Electric Power Regulatory Authority (Nepra), the All-Pakistan Textile Mills Association (Aptma) has pointed out that the existing scheme of power tariff was not only creating problems for consumers,...

  • Merger of commerce, textile divisions opposed

    LAHORE: Rejecting the proposed merger of Textile Division into the Commerce Division, Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) on Monday demanded the appointment of a textile minister immediately...

    The association stressed that major decisions regarding textile policy implementation, Export Development Fund and budget preparation exercise for 2015-16 were being delayed as there was no textile...

  • 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...

  • Textile exports inched up to $1bn in July

    414 million in the same month last year, the Pakistan Bureau of Statistics (PBS) said on Tuesday...

    An official said one of the reasons for revival in textile exports was the release of pending refunds and uninterrupted supply of electricity and gas to the sector...

  • More
Back to top