The Punjab-based textile industry has thanked to the government for 24/7 gas supply on affordable price. The millers are appreciative of the Prime Minister Nawaz Sharif, Chief Minister Punjab Shehbaz Sharif and the Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi for bringing the cost of doing business down in Punjab by supplying Re-gasified Liquid Natural Gas (RLNG). In order to honour the efforts made by the Sui Northern Gas Pipelines Limited, the Punjab chapter of

Textile companies of Swaziland which were hard hit by the loss of the lucrative duty free market under African Growth and Opportunity Act (AGOA) of the US Government, have found another preferential market that is ready for textile products. The market was opened on April 1, 2016 when the Preferential Trade Agreement between MERCOSUR and the Southern African Customs Union (SACU) entered into force, the Times of Swaziland has reported MERCOSUR is South America's leading trading bloc. Known

Chinese conglomerate Jiangsu Sunshine Group plans to make investment of $350 million to set up a textile plant in Ethiopia in a bid to boost the country’s textile industry as the textile industry is believed to be a bridge for economic development and making Ethiopia Africa's textile industry hub. The plant will be located in the industrial park of the city of Adama which will produce 10 million meters of worsted wool fabrics and 1.5 million finished parts. The project has been announced a

The 10th Fashion Pakistan Week 2016 spring summer is becoming an opportunity to bridge between fashion houses and international buyers as the fashion industry of Pakistan is gaining popularity among the international textile buyers as the attendance of international buyers from all over the world increasing. The line-up for Day 2 included collections by the talented designer Zaheer Abbas, Jafferjees, textiles giant Gul Ahmed, men’s wear guru Amir Adnan, Huma Adnan, creative Nauman Arfeen, yo

The textile-garment sector in developing countries may easily fall into a low-productivity trap and be stuck there if appropriate strategies and policies are not adopted to help it to get out of the trap, Indonesian economist Gatot Arya Putra. Putra said at a conference in HCMC last week that many developing countries have competed with one another for the low value part of the global value chain for the textile-garment sector. As a result, laborers in the sector are offered low wages that ar

In an otherwise slow trading on the cotton market on Friday, the first advance deal of phutti (seed cotton) from next crop (2015-26) was reported from Sindh. The undertone remained firm but outlook was uncertain. The last three days’ brisk activity was no more evident as buyers withdrew to the sidelines on higher asking price by ginners. It is a temporary withdrawal from buyers as they do not want prices to move higher, brokers said. Cotton analyst Naseem Usman said the market should have

The Fast Retailing Group reported a rise in revenue but a fall in profit in the first half of fiscal 2016, or the six months from September 1, 2015 to February 29, 2016. Consolidated revenue increased 6.5 percent year-on-year, while consolidated operating profit totalled 99.3 billion yen (914.4 million dollars) representing 33.8 percent decline year-on-year. Following the results, the Group has slashed its full-year earnings outlook for the second time. Consolidated profit before income taxe

The monthly average of March 2016 of the CEPEA or ESALQ Index for cotton type 41-4 was 4.96 per cent lower at 2.4497 BRL ($0.662) per pound than the average of February, 2016. For exports contracts, according to Cepea collaborators, weak international demand and the drop of export parity were slowing down business. Cotton prices dropped in the Brazilian market in March. Oscillations in the international cotton prices and dollar drove some sellers out of the market. Aware of that posture,

The Transpacific Trade Partnership (TTP) is a natural threat for the Indian textile industry as exporters from TPP member countries (of which India is not a member) tend to get preferential access to the US market, but textile industry of India can still touch the export target of $300 billion by 2025 with focused trade policy supply and by moving up the value chain, according to the secretary of Indian Texpreneurs Federation (ITF) D Prabhu. TPP may not take away the country’s textile and clo

At the conference held in Sydney Australia this week to discuss the latest wool trands, innovation and what the future will bring for the industry, a large contingent of Chinese delegates as well as buyers and sellers from all over the world, including Argentina, Uruguay, Italy and New Zealand were in Sydney. Wool production is at a 70 year low globally, but is still out-performing most other commodities. According to International Wool Textile Organisation chairman Chris Wilcox, global deman