All Pakistan Textile Mills Association (APTMA) Senior Vice Chairman Zahid Mazhar with a keen interest to accelerate Pakistan’s textile industry invited Chinese investors to take advantage of the liberal trade and investment policies in the country by entering into joint ventures with Pakistani entrepreneurs in the textile industry. Highlighting the trade and investment policies, Mazhar said the government was an advocate of open and deregulated market-driven economy and was creating an enabli

The textile industry has urged Prime Minister Nawaz Sharif and Finance Minister Ishaq Dar to release funds for disbursement of duty drawback to exporters against realisation of export proceeds, besides paying refunds of sales tax to the exporters against the already issued RPOs to save the industry from the liquidity crisis. In a joint press conference at Aptma House - along with other textile associations including Pakistan Hosiery Manufacturers Association, Pakistan Readymade Garments Manuf

Only one Bangladeshi garment manufacturer could hit $500 million in exports in a year -- a puzzling statistic for a country that is the second largest apparel supplier in the world. There are a bunch of companies whose export receipts amount to more than $400 million but less than $500 million, said Mohammed Nasir, vice-president of the Bangladesh Garment Manufacturers and Exporters Association. Ha-Meem Group, which counts retail giants like Gap, H&M, Mango and Zara as its major buyers

The Cabinet Committee on Economic Affairs (CCEA), chaired by PM Narendra Modi has given its approval for the increase in the minimum support price (MSP) for raw jute for 2017-18 season to protect the economic interests of the farmers. It has been increased to Rs 3,500 per quintal for 2017-18, an increase of Rs 300 (9.4 per cent) over the previous year. During last three years (2015-16, 2016-17 and 2017-18), government has increased the MSP for jute from Rs 2,700 to Rs 3,500 (29.6 per cent) as

Profitability of Indian yarn spinners may come under pressure due to various challenges like high raw cotton prices, while demand for cotton yarn is expected to remain moderate. Under the circumstances, spinners may opt to reduce capacity utilisation or contribution. Hence, their profitability is likely to remain under pressure in the near future. "Other than profitability pressures, higher cotton prices will lead to higher working capital requirements and in turn higher borrowings," a news

Azerbaijan expects to see a real growth in cotton production, as the government has focused on giving a new life to this industry. At the recent conference on the development of cotton-growing in Azerbaijan, President Ilham Aliyev said that the government has been providing large state support to cotton growing since last year. Cotton sowing has begun in the Agdam region of Azerbaijan and currently cotton is sown on an area of 500 hectares. Overall, they have planned to plant an area of 3,000

Trading session at Punjab and Sindh stations, cotton prices remained firm, according to traders at the Karachi cotton market. While the Karachi Cotton Association (KCA) spot rate remained intact at Rs 6,750 per maund with better lint remaining in focus. Shrinking stocks of better quality forced buyers to pay premium prices on deals and domestic sellers also began demanding slightly higher prices. Ginners from Punjab offered quality cotton to buyers - above Rs 6,800 per maund - while ginner

The market for nonwovens for the automotive industry is forecast to continue to grow, with China being the driving force, but clever producers will diversify their product lines to include filters, experts at the Nonwovens for High-performance Applications (NHPA) conference in Prague heard. Held on 7-8 March, the event presented a study by Transportation Management Systems (TMS), concluding that while there is growth in auto nonwovens, demand is not all about cars. In 2010, China becam

Authorities of HCMC will streamline procedures for household businesses to upgrade themselves to companies as part of a broader plan to have 500,000 enterprises registered citywide in 2020. The city will cover all fees for enterprise registration and conditional business licenses, help household businesses with tax code registration procedures, provide advice on trademark registration, create favorable conditions for enterprises to borrow from banks at low interest rates and support their sal

China's imports grew faster than exports in the first quarter, resulting in a 35.7-percent shrinking of trade surplus, customs data showed Thursday. Exports in yuan-denominated terms rose 14.8 percent year-on-year in the first quarter, while imports increased 31.1 percent. Foreign trade volume reached 6.2 trillion yuan (about $902.47 billion) in the first quarter, up 21.8 percent year-on-year, with a surplus of 454.94 billion yuan. Customs data reflected an improved structure of trade