Pakistan textile industry focus on competitive business environment

News Tags: All Pakistan Textile Mills Association, competitive business environment, Pakistan textile industry, textile exports

Karachi
Pakistan textile industry focus on competitive business environment
Summary: 
The Pakistan textile industry in a way to leverage their exports is trying to focus on providing a competitive business environment as the All Pakistan Textile Mills Association (Aptma)general secretary Anis-ul-Haq emphasized on the same.

The Pakistan textile industry in a way to leverage their exports is trying to focus on providing a competitive business environment as the All Pakistan Textile Mills Association (Aptma)general secretary Anis-ul-Haq emphasized on the same.

He highlighted that structural balance and viability of industry is essential to compete with the regional competitors, including India, Bangladesh and Vietnam. He said pragmatic and export-led policies are required for industrial growth and enhancing the country’s exports.

https://www.thenews.com.pk/print/244275-Aptma-calls-for-competitive-business-environment
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Revision of incentives helps Pakistan’s textile exports gain traction

News Tags: Economic Coordination Committee, Pakistan government, Prime minister package, textile exports, Textile Ministry

Islamabad
Revision of incentives helps Pakistan’s textile exports gain traction
Summary: 
The Ministry of Textiles of the Pakistan Government has issued a notification stating that in pursuance of entry 7 of item 39 of Schedule II of the Rules of Business, 1973, the Prime Minister package of incentives for exporters was approved by Economic Coordination Committee (ECC) of the Cabinet.

The Ministry of Textiles of the Pakistan Government has issued a notification stating that in pursuance of entry 7 of item 39 of Schedule II of the Rules of Business, 1973, the Prime Minister package of incentives for exporters was approved by Economic Coordination Committee (ECC) of the Cabinet.

http://dunyanews.tv/en/Business/411111-MINTEX-PM-Exports-Enhancement-Package-incentives-for-textile-exporters
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Pakistan textile exports increases 5.9pc during July to August current fiscal

News Tags: first two months of current fiscal year, increase by 5.9 percent, meet government export increment target, Pakistan Bureau of Statistics data, Pakistan textile industry, qualify for incentives, realized USD2.18 billion, sector geared up efforts, textile exports

Karachi
Pakistan textile exports increases 5.9pc during July to August current fiscal
Summary: 
Pakistan textile industry realized $2.18 billion from its exports in the first two months of the current fiscal year of 2017/18 compared to $2.06 billion in the corresponding period of the last fiscal year, according to Pakistan Bureau of Statistics (PBS) data. Textile exports increased 5.9 percent as the sector geared up efforts to meet government's exports increment target to qualify for incentives.

Pakistan textile industry realized $2.18 billion from its exports in the first two months of the current fiscal year of 2017/18 compared to $2.06 billion in the corresponding period of the last fiscal year, according to Pakistan Bureau of Statistics (PBS) data. Textile exports increased 5.9 percent as the sector geared up efforts to meet government's exports increment target to qualify for incentives.

https://www.thenews.com.pk/print/231353-Textile-exports-rise-to-22-billion-in-July-August
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Malik, new Pakistani textile minister firm on improving exports

News Tags: APTMA, expedite finalization, Minister for Commerce and Textile, Muhammad Pervaiz Malik, mulish on boosting declining textile exports, Pakistan newly appointed, PHMA, Preferential and Free Trade Agreement, process paying tax refunds, resolving traders issues, take all appropriate measures, textile exports

Islamabad
Malik, new Pakistani textile minister firm on improving exports
Summary: 
Pakistan’s newly appointed Minister for Commerce and Textile Muhammad Pervaiz Malik is mulish on boosting the country’s declining textile exports on priority by resolving traders’ issues. After assuming charge on August 8, Malik said that the government will take all appropriate measures to expedite the finalization of Preferential and Free Trade Agreements with various countries.

Pakistan’s newly appointed Minister for Commerce and Textile Muhammad Pervaiz Malik is mulish on boosting the country’s declining textile exports on priority by resolving traders’ issues. After assuming charge on August 8, Malik said that the government will take all appropriate measures to expedite the finalization of Preferential and Free Trade Agreements with various countries.

Also informed that the process of paying tax refunds to the exporters will be expedited, one of the main issues of the business community.

http://nation.com.pk/business/09-Aug-2017/malik-vows-to-enhance-exports
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India has huge potential to capture market space in MMF sector

News Tags: capture market space, CEO, due to declining Chinese textile exports, focusing on man-made fibre, FTAs, IIFT, Impluse Buying House, India has huge potentia, India sourcing hub and investment destination, international textile market, MMF, Sunil Arora, textile exports, Textiles India trade fair, vacated by China

Ahmedabad
India has huge potential to capture market space in MMF sector
Summary: 
India has a huge potential to capture the market space by focusing on man-made fibre (MMF) that is vacated by China in the international textile market due to declining China’s textile exports, said Sunil Arora, CEO, Impluse Buying House while speaking at a seminar on "India as a sourcing hub and investment destination" on the last day of Textiles India 2017 trade fair in Gandhinagar.

India has a huge potential to capture the market space by focusing on man-made fibre (MMF) that is vacated by China in the international textile market due to declining China’s textile exports, said Sunil Arora, CEO, Impluse Buying House while speaking at a seminar on "India as a sourcing hub and investment destination" on the last day of Textiles India 2017 trade fair in Gandhinagar.

Synthetic textiles made from MMF account for 70% of world textile supply and the rest is cotton.

India has huge potential to capture market space in MMF sector
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Pakistan expecting increase in textile exports of $500m by June

News Tags: after achieving increase on yearonyear in March, export of value-added products grew, eyeing more than USD five hundred million increase, knitwear grew, next three months, Pakistan government, readymade garments rose, textile exports

Islamabad
Pakistan expecting increase in textile exports of $500m by June
Summary: 
Pakistan government is eyeing more than $500 million increase in textile exports in next three months after achieving a 6.2 percent increase on year-on-year in March worth $1.064 billion.

Pakistan government is eyeing more than $500 million increase in textile exports in next three months after achieving a 6.2 percent increase on year-on-year in March worth $1.064 billion.

The recent increase in the textile sector after a long dip is due to the decrease in duties, said officials at the Ministry of Textiles. They have zeroed customs duty from 4 percent. Likewise, sales tax has been zeroed from 5 percent. They have introduced made-ups.

http://nation.com.pk/business/28-Apr-2017/govt-eyes-500m-increase-in-textile-exports-by-june
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YFA 2016 New Delhi Show witnesses 8,598 buyers, up 15% over 2015 edition

News Tags: bamboo fabrics, composite mills, embroidery yarn, fabric buyers, fabric makers, fabric suppliers, garment accessories, innovative yarns, mélange yarns, modal fabrics, multifunctional yarns, spandex yarn, speciality fibres, spinning mills, textile exports, textile fairs in India, textile industry of India, textile makers, trading houses, Weavers, yarn buyers, yarn suppliers

Mumbai
Summary: 
Despite the demonetization drive, which has affected the domestic and export industry sentiment, the Yarn Fabric & Accessories Trade Show; YFA 2016 which was held from November 23-26, 2016 in New Delhi, saw visitor numbers

Despite the demonetization drive, which has affected the domestic and export industry sentiment, the Yarn Fabric & Accessories Trade Show; YFA 2016 which was held from November 23-26, 2016 in New Delhi, saw visitor numbers climbing 15 per cent over the previous edition to 8,598 buyers. A majority of the 148 exhibitors participating at the show also expressed satisfaction with the numbers as well as the quality of the buyers.

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Intex South Asia 2016: South Asia’s premier sourcing fair concludes on a successful note!

News Tags: apparel exporters, Apparel Sourcing, clothing accessories, denim fabric sourcing, international textile market, international textile sourcing, Intex South Asia, textile exhibition, textile exports, Textile fair, Textile Industry, textile suppliers, textile trade buyers, Trade associations, yarn manufacturers, yarn sourcing

Mumbai
Summary: 
The 2nd edition of Intex South Asia – South Asia’s only international sourcing show concluded on a successful note which witnessed 2485 professional trade buyers from 18 countries and regions who visited the exhibition

The 2nd edition of Intex South Asia – South Asia’s only international sourcing show concluded on a successful note which witnessed 2485 professional trade buyers from 18 countries and regions who visited the exhibition and interacted with more than 140 textile suppliers to source yarns, apparel fabric, denim fabric and clothing accessories from India, Pakistan, Bangladesh, Sri Lanka, China, Taiwan, Korea, Malaysia, Indonesia, Japan, Singapore, Italy and South Africa.

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Special textile package is yet to take off in creating jobs, productivity

News Tags: AEPC, aimed at improving competitiveness, announced by the government, approval by the cabinet, Employee Unique Identification Number, generating higher number of jobs, improving production, labour reforms, Special textile package, textile exports, yet to take off in terms of creating jobs

New Delhi
Special textile package is yet to take off in creating jobs, productivity
Summary: 
The special textile package approval by the cabinet and announced by the government in June which involves a total outlay of Rs 6,000 crore aimed at improving competitiveness and generating higher number of jobs through a string of labour reforms is yet to take off in terms of significantly creating jobs and improving production.

The special textile package approval by the cabinet and announced by the government in June which involves a total outlay of Rs 6,000 crore aimed at improving competitiveness and generating higher number of jobs through a string of labour reforms is yet to take off in terms of significantly creating jobs and improving production.

The apparel manufacturing, specific sub-sector within textiles targeted by the package, show that any significant rise in hiring is yet to happen under the new norms.

http://www.business-standard.com/article/economy-policy/textile-package-reforms-yet-to-significantly-boost-jobs-productivity-116091500517_1.html
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Cotton prices fall in Pakistan due to lack of buying interest

News Tags: cotton arrivals, cotton buyers in Pakistan, cotton imports in Pakistan, cotton prices in Pakistan, cotton spinners, cotton trade, textile exports

Karachi
Summary: 
On Tuesday, cotton prices in Pakistan slid amid lackluster trade due to lack of buying interest from spinners and higher imports of cotton, whereas, cotton prices in the world markets moved higher

On Tuesday, cotton prices in Pakistan slid amid lackluster trade due to lack of buying interest from spinners and higher imports of cotton, whereas, cotton prices in the world markets moved higher.

The spot rate settled at PakRs5,500/maund (37.324 kilogram each), down PakRs50/maund from the previous level. Around 1400 bales of cotton were changed hand in the ready markets of Sindh and Punjab.

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