Category - News

8
Sep

UNDP-NBP pact to promote small businesses through loans

The United Nations Development Programme (UNDP) and the National Bank of Pakistan (NBP) recently signed an agreement in Islamabad to increase awareness about and access to finance among youth under the Prime Ministers Youth Business Loan Scheme (PMYBL). Former and present Pakistani participants in UNDP’s vocational and business training programmes will now have a chance …

1
Jun

PRGMEA, SCCI welcome reinstatement of zero rating

The Pakistan Readymade Garments Manufac­turers and Exporters Asso­ciation (PRGMEA) and Sialkot Chamber of Commerce and Industry (SCCI) have appreciated the move by the Pakistan government to reinstate the zero rating facility which will help the exporters from liquidity crisis. The approval was given by the government in the federal budget 2017-18.   While addressing the …

15
May

Moderate trading witnessed at lint market with physical prices firm

Moderate trading seen at the lint market with firm physical prices, while buyers made deals on slightly higher prices. Forward deals also changed hands for better grades of lint on slightly higher price at around Rs6,600 per maund in Sindh and Punjab stations. The Karachi Cotton Association (KCA) kept the spot rate at Rs 6,700 …

7
Mar

Strong demand pushes up cotton prices in Pakistan

Strong demand for quality lint, rising prices in global markets and short supply of quality cotton led to a rise in cotton price in Pakistani markets, local media reported. The Karachi Cotton Association raised its spot rates by Rs 50 to Rs 6,700 per maund (37.3242 kg) and Rs 7,180 for 40 kg. Trading was …

6
Feb

Danish envoy sees opportunities in Pak textile sector

During a visit to the Pakistan Textile Exporters Association (PTEA) office, deputy head of the Denmark embassy Jakob Rogild Jakobsen said Pakistan offers very good opportunities to Danish businessmen in various sectors, particularly in the textile industry. He also said that Trade volume between the two countries was less and can be expanded further.   According to …

28
Jan

WWF, Agriculture department sign MoU for better cotton production

The Punjab Agriculture Department, Extension wing signed a Memorandum of Understanding (MoU) with the World Wide Fund for Nature-Pakistan’s (WWF-Pakistan) on ‘Better Cotton Initiative’ (BCI) here on Friday to undertake agriculture specific activities focused on widespread dissemination and promotion of the Better Cotton Standard System (BCSS) in the province.   The formal agreement was signed …

25
Jan

Duty drawback of taxes allowed for exporters

Ministry of Textile Industry has allowed duty drawback of taxes collected from garments, home textiles, processed fabric, greige fabric and yarn manufacturing-cum-exporters units under the prime minister””s package of incentives for exporters. The duty drawbacks under this order shall be allowed for exports GDs, filed on or after Jan 16, 2017 to June 30, 2017. …

20
Jan

Prices touch season’s high level

Prices touched season’s high on the cotton market on Thursday amid persistent demand for quality lint, dealers said. The official spot rate was unchanged at Rs 6450, dealers said. In Sindh, seed cotton prices were higher at Rs 3100-3350, they said. In Punjab, phutti rates were at Rs 3100 and Rs 3575, as per 40 …

19
Jan

About 10.5 million bales of Cotton reach Ginneries

Pakistan Cotton Ginners Association (PCGA) has issued the figures of cotton arrival up to January 15th, 2017. Seed cotton (Phutti) equivalent to over 10,535,922 bales of cotton have reached ginneries across Pakistan as of January 15th, showing an increase of 11.19 percent compared to corresponding period last year when ginneries received 9,475,729 bales.   According …

16
Jan

PM’s exports package: Notification submitted to L&JD for taxes drawback

 The Ministry of Textile and Industry (MoT&I) has submitted a notification to the Law and Justice Division (L&JD) for vetting to extend the drawback of taxes in pursuance of Prime Minister’s Package of incentives for exporters, it is learnt.   Official sources revealed that the Ministry of Textile Industry has drafted a notification for drawback …

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