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financial+crunch
2015-06-23 10:00:00
Financial crunch disables Nigerian textile sector to show competitiveness
The Nigerian textile sector is facing a huge financial crunch as it is unable to prove its competitiveness. Although several factories have benefited from a $500m government intervention to revive
2019-07-05 11:45:00
Cotton futures going down
Cotton futures fell on Tuesday, as mills held off buying following a short-lived rally during the previous session and investor liquidation and a stronger U.S. dollar pressured prices. The
2018-04-02 12:04:00
$45bn target for FY18 to be might be missed by textile exports
The largest market for cotton yarn China, has imposed around 3.5 per cent import duty on yarn from India under Asia pacific Trade Agreement (APTA), while duty free access is given to Vietnam.This has
2018-03-29 10:59:00
Textile industry faces the heat
The exporters are not much optimistic about the implementation of the Rs180 bn export enhancement package announced by prime minister Nawaz Sharif in December. The package allowed the 4-7 pc rebate
2018-02-19 12:00:00
Indian apparel exports decline by 14pc in Jan 2018
Indian apparel export in January this year witnessed decline by 14 percent in rupee and 8 percent in dollar terms compared with the year earlier month, as per latest official data. The sharp fall in
2017-11-17 10:00:00
Garment exports fall highest in percentage term in October on GST woes
Garment exports hit hard in October as order bookings didn’t happen due to the ambiguities relating to GST. The fall is one of the highest in percentage term, the worst performing export
2017-04-27 14:00:00
Slow trading activity seen at KCA
Karachi Cotton Exchange on Wednesday witnessed slow trading activity as buyers were not ready to purchase lint at higher rates. While, the spot rate remained steady. Spot rate was unchanged
2017-04-15 12:00:00
Pakistan textile industry urge PM to release funds
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,
2016-12-02 12:30:00
Demonetization digitizes Surat textile industry
Post demonetization, the textile industry has launched a drive to digitize the industry in the pretext of the closure of many textile units after the Government’s financial move. Due to the
2016-04-10 11:00:00
Towel exporters expect orders worth $10m at TEXPO 2016
Towel Manufacturers Association of Pakistan Chairman Farrukh Maqbool said that TEXPO-2016 was a successful experiment as Institutions, hotels, hospitals and retailers have shown more interest in
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