Pakistan’s textile exports during the first ten months (July-April) 2015-16 of the current fiscal witnessed the negative growth of 7.72 percent at $10.395 billion compared to $11.265 billion in last financial year, said Minister for Commerce Khurram Dastigir Khan on Wednesday.
The textile products that contributed to the negative growth of textile trade, included cotton yarn, exports of which dropped by 32 percent from $1.590 billion last year to $1.081 billion during the current fiscal year.
The cotton production decreased this year due to the absence of timely rains. The country had exported cotton this year due to a dearth in the production.
The cotton clothes export increased by 4 percent, while the quantity of cotton exports increased by 10 percent but its value had decreased; however, the decline was also reported in the value of cotton products.
Samantha Ruth Prabhu has launched Mile Collective, an activewear and lifestyle brand, in partnership with co-founders Harshita Motaparthi and Pravishta…
Covation Biomaterials has announced plans to sell its stake in the Primient Covation business, which produces 100 percent bio-based 1,3…
Archroma and HeiQ have signed a co-marketing agreement to jointly offer sustainable anti-odor and antimicrobial textile technologies to markets worldwide.
The Hong Kong Polytechnic University (PolyU) has developed new soft magnetorheological textiles that could have wide applications in future smart…
Levi Strauss has introduced a new clothing repair initiative designed to encourage high school students to take an active role…
Silk clothing and accessories brand Anaphe is unveiling ReWritten, a collection that reimagines denim using silk, femininity and effortless modern…