Pak’s textile machinery imports surge to US$44mn in first month of this FY

Pakistan’s textile machinery imports have surged by six percent to US$44 million in the first month of fiscal year 2016-17 on last year, as per new statistics from the Pakistan Bureau of Statistics.

On a monthly basis, textile machinery imports in Pakistan went up from US$42 million in July 2015.

IGATEX Pakistan has become an increasingly significant textile and garment machinery and accessories exhibitions in South Asia with its scale setting new records year by year.

Organizers of the annual IGATEX textile machinery and accessories exhibition in Pakistan are expecting successful 2017 and 2018 editions after announcing the date and venue for both shows.

Following the reported success of this year’s edition, the following two are billed as being a platform to increase the awareness of textile machinery and technology innovations across Pakistan.

The 2016 and 2017 trade shows, which are both set to take place at the Karachi Expo Centre on 26 – 29 April respectively, claim to welcome over 550 exhibitors from around 35 countries annually, with a number of versatile machinery models debuted for visitors on the show floor.

Speaking about the announcement of the next two shows, Saleem Khan Tanoli, CEO of FAKT Exhibitions (organisers of IGATEX Pakistan) said that this show has played a pivotal role in the development of Pakistan’s textile industry by introducing efficient machinery to local manufacturers and the event is bound to bore succession and growth for the industry.

The event is known to not only introduce newest expertise, but also improvise trade benefits and increase foreign investments and spending through business visits by international delegates.