The All Pakistan Textile Mills Association (APTMA) upset with the sudden surge in rupee value against dollar moreover it is continuing to raise disconcerting textile exporter’s business headway. They have urged the government to fix the rupee dollar parity to shield exporters from exchange losses and pay them 10% rebate against inventory looses incurred by them due to this.
The demand to pay 10% rebate will on business deals which the textile exporters had done during the period March-September 2013. As they get export payments after a gap of 90-120 days.
When the dollar was appreciating against the rupee, the textile exporters were able to slowly and slowly but surely bring in small gains like 10-20 paisa per dollar.
According to APTMA Chairman Yasin Siddik, the textile exporters have already faced the impact of $300 million in exchange rate losses and huge cotton inventories. Hence, would want to know when the rupee would stabilize against the dollar.
Moreover, with the rupee still surging against the dollar it will be further difficult for the exporters to make any new business deals.
Intrinsic Advanced Materials (IAM) is working to increase the use of its Ciclo technology, a biodegradable additive used in polyester…
Lilysilk, a China-based silk apparel brand known for its premium products, has introduced its new SilkContour Collection.
Armedangels is introducing a unisex windbreaker aimed at reducing the use of synthetic materials in outerwear.
Surforce Group has announced that its low-carbon technology for functional nanofiber nonwoven materials has successfully passed official evaluation.
Roica by Asahi Kasei will present a curated range of advanced textile innovations at Performance Days 2026.
SeaDyes has entered the company creation phase of Scottish Enterprise’s High Growth Spinout Programme after receiving £200,000 in funding.