Tag: textile

Textile exports needs modern spinning industry

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Shaohui Zhang, head of a Chinese delegation, said Pakistan needs to modernize spinning industry to boost its textile exports. TexmaTech Co six-member Chinese delegation, a state-owned company of China, to discuss and explore potential of textile sector visited Federation of Pakistan Chambers of Commerce and Industry (FPCCI). “A spinning unit is needed for 1 million […]…Read More

Textile industry consumes more water than needed

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article image Sustainable water consumption practices in textile sector to address the unruly patterns of resource consumption stressed the experts at a seminar held by World Wide Fund for Nature-Pakistan The seminar was part of the International Labour and Environmental Standards (ILES) Application in Pakistan’s SMEs project, funded by the European Union and being implemented by WWF-Pakistan […]…Read More

National Textile University designed a low energy consumption machine

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NTU: National Textile University (NTU), Faisalabad has developed a machine with a new innovative heating and dying system that enable it to utilize approximately 20 to 30 percent less energy due to the introduction of a new innovative heating and dying system. The experts of the NTU Dr. Yasir Nawab and Muhammad Ayub Asghar after […]…Read More

Fast collapsing textile sector

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article image PAKISTAN’S textile industry is fast collapsing after the closure of around 100 textiles mills and their Non-Performing Loans (NPLs) are massively rising, causing more setbacks to the struggling economy. Out of total of 250 textiles mills, these 100 mills located in Punjab and Sindh are feared to have added another Rs3 billion in the already piled up Rs630 billion NPLs by the end of June 2015, up 5.8 per cent from a year ago. Though most of the increase in NPLs came from the…Read More

Aptma opposes withdrawal of zero-rating facility for textile sector

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article image LAHORE: All Pakistan Textile Mills Association (APTMA) has urged the government to immediately remove four percent customs duty and five percent sales tax on the import of cotton in order to enable the spinning industry function properly. "The destruction of local industry is not in the interest of growers as well as the downstream sector, and such temporary benefits will result in long-term losses," APTMA chairman said in a statement issued on Wednesday. He said the export…Read More

Govt to fund innovation, research in textile sector

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article image STAFF REPORT ISB: The Ministry of Commerce has planned to fund textile sector in research and innovation projects initiated by the National Textile University. "The project would establish Textile Innovation Centre in the university, focus on the global demand for next-era fabric that includes technical and functional fabrics and would provide new initiatives in the field of design and value-addition," said Commerce Minister Khurram Dastgir Khan…Read More

Govt to fund innovation, research in textile sector

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article image STAFF REPORT ISB: The Ministry of Commerce has planned to fund textile sector in research and innovation projects initiated by the National Textile University."The project would establish Textile Innovation Centre in the university, focus on the global demand for next-era fabric that includes technical and functional fabrics and would provide new initiatives in the field of design and value-addition," said Commerce Minister Khurram Dastgir Khan while chairing the third meeting…Read More

Japanese show interest to boost Pak textile exports

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article image STAFF REPORT ISB: The Japan International Cooperation Agency (JICA) is presently in discussions with the government of Pakistan about ways in which Japanese overseas development aid might be best put to use to assist this sector - of critical importance to the overall Pakistani economy. JICA works closely with the Trade Development Authority of Pakistan (TDAP), which has sent a request for assistance, according to Daisuke Fukumori, Deputy Director of JICA’s South Asia Division…Read More

Cotton output fall to affect textile exports

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article image STAFF REPORT KHI: As the cotton crop in Pakistan has witnessed sharp reduction in output, textile manufacturers anticipate serious affects on export activities for which they have demand immediate tax holiday on import of cotton. All Pakistan Textile Manufacturers Association (Aptma) has sent a letter to the finance minister, informing that the cotton crop had miserably failed to meet the industry requirement. There is a shortage of approximately, four million cotton bales compared…Read More

Cotton output fall to affect textile exports

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article image STAFF REPORT KHI: As the cotton crop in Pakistan has witnessed sharp reduction in output, textile manufacturers anticipate serious affects on export activities for which they have demand immediate tax holiday on import of cotton. All Pakistan Textile Manufacturers Association (Aptma) has sent a letter to the finance minister, informing that the cotton crop had miserably failed to meet the industry requirement. There is a shortage of approximately, four million cotton bales compared to the…Read More