Pakistan textile machinery import raise by 80 percent

Pakistan textile industry has managed to maintain its ranking as the single largest manufacturing sector; unfortunately its machinery could not develop along with the growth of textile industry. Resultant, demand for textile machinery still is almost entirely met through imports. Import of textile machinery increased by 80 percent to $56.651 million in December 2013, an official statistics said.

According to Pakistan Bureau of Statistics (PBS), import of textile machinery posted an increase of $25.158 million in December 2013 from its import $31.493 million in December 2012.

During July-December 2013-14, import of textile machinery surged by 31.22 percent or $60.791 million to $255.520 million, up from $194.729 million in the same period last fiscal year, the PBS added.

Recent Posts

LYCRA Company partners with Qore to produce bio-derived elastane

The LYCRA Company has joined forces with Qore, a collaboration between Cargill and HELM, to make the world’s first large-scale…

2 days ago

Soorty, Decode collaborate on sustainable jumpsuit

Pakistani denim manufacturer Soorty has partnered with zero-waste designer Decode to create a modern and sustainable version of the jumpsuit…

2 days ago

Puma launches eco-friendly Re: Suede 2.0 sneaker

Puma released its new Re: Suede 2.0 sneaker after a successful trial study which showed that the footwear could be…

2 days ago

EU approves new laws for labour standards in Bangladesh

A new supply chain rule, endorsed by the European Parliament, is set to enhance labor and environmental standards in the…

3 days ago

Freitag unveils new Mono[P6] circular backpack

Freitag introduces the Mono[P6], a fully circular backpack developed over three years, crafted from a single material, emphasizing simplicity for…

3 days ago

Hellmann’s Canada, ID.Eight launch food waste sneakers

Hellmann’s Canada collaborates with ID.Eight to unveil a special-edition trainer, ‘1352: Refreshed Sneakers,’ made from food waste materials like corn.

3 days ago