Category - News


APTMA calls for implementation of PM’s export package

The All Pakistan Textiles Mills Association (APTMA) has called for implementing the Prime Minister Export Enhancement Package in its true spirit apart from initiating steps, such as providing uninterrupted energy supply to textile units, to ensure ease of conducting business to make Pakistan’s exports competitive in the international market.   The textile industry contributes 62 …


PCGA urges Pakistan govt for five-year cotton policy

The Pakistan Cotton Ginners Association (PCGA) has urged the government to introduce a five-year cotton policy to raise production to 22 million bales and exports to 3 million bales through crop insurance incentives and quality premium for farmers. The country’s average cotton production now is 13 million bales, out of which a million bales are exported. …


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 …


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 …


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 …


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 …


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 …


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 …


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. …


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 …

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