Tag Archives: Textile

Pakistani textile exports up 22.37 percent

Pakistani textile exports up 22.37 percent

ISLAMABAD – Federal Textile Industry Minister Rana Muhammad Farooq Saeed Khan has said that that textile exports picked up to and increased by 22.37 percent during the period from July to December 2010 compared to the same period in the last financial year.
Rana Farooq said that the prompt implementation of the textile policy chalked out in 2009 was steering the textile industry in right direction as can be seen in the sustained growth in textile exports in the last two years.

Farooq Saeed assures five-day gas supply for textile industry

LAHORE – Minister for Textile Industry Rana Muhammad Farooq Saeed Khan has assured five-day gas supply to the textile industry in Punjab.
He was talking to media at the office of All Pakistan Textile Mills association (APTMA) following a meeting with APTMA office-bearers. The minister said that the textile sector of Pakistan is competent and has the potential to touch the export target of $25 billion. He stated that the cotton production could have been reasonably good but recent

Textile exports increase by 26.88pc in five months

ISLAMABAD – Textile export registered an increase of 26.88 percent during the period from July to November 2010 as compared to the same period of the last financial year. According to the data available with Federal Bureau of Statistics (FBS) the export of raw cotton increased by 15.43 percent as about 49,688 metric tonnes of raw cotton worth $121.433 million was exported.
Meanwhile, the export of cotton yarn also grew by 17.80 percent The export of cotton yarn was recorded at

Major banks collabrate to support textile sector

ISLAMABAD – The Asian Development Bank (ADB), International Finance Corporation (IFC), Citibank, and MCB have announced completion of a landmark trade transaction that would help boost the local textile industry.
A statement issued by ADB has said that the four banks provided trade finance coverage of up to Euro 110 million for Ibrahim Fibers Limited to import German machinery.
This would help produce polyester staple fiber and polyester chips. The additional 650

Textile exports rise by 26.88pc

ISLAMABAD – Textile group export registered an increase of 26.88 percent during the period from July to November 2010 compared to the same time last year. According to data available with Federal Bureau of Statistics (FBS), the export of raw cotton increased by 15.43 percent and about 49,688 metric tonnes of raw cotton was exported worth $121.433 million.
Meanwhile, the export of cotton yarn also grew by 17.80 percent as about 220,906 metric tonnes of yarn valued at $720.171

Closure of two textile mills round the corner

KARACHI – The Securities and Exchange Commission of Pakistan (SECP), on Monday, referred the Lahore High Court’s (LHC) decision regarding dissolution of two textile mills to the Karachi and Lahore stock exchanges.
“Please find enclosed herewith a copy of the dissolution orders of the captioned companies for your information and further necessary action at your end,” the SECP informed Acting Managing Director and General Manager Operations KSE Haroon Askari.
LSE Managing

Indonesia keen to invest in textile

KARACHI – Indonesian textile manufacturers are likely to invest in the cotton ginning sector of Pakistan while importing the ginned cotton from Islamabad, as the foreign country’s markets have a wide demand of the item.
According to sources in the embassy of Pakistan to Jakarta, in a recent development,
the Indonesian textile manufacturers have shown their interest in investing in the ginning sector and to develop a market-trade mechanism to improve the quality of ginned

Banks to reimburse unpaid claims under textile export financing

KARACHI: The State Bank of Pakistan (SBP) has advised commercial banks and Development Financial Institutions (DFIs) to contact the SBP Banking Services Corporation (SBSC) with regards to the processing of pending claims with respect to export finance mark-up rate facility and mark-up rate support for textile sector against the long-terms loans.
According to SBP circular (SMEFD Circular Letter No 14) issued on Wednesday, the ministry of textile industry has released necessary

Textile exports go through the roof

KARACHI: Pakistan’s textile industry is anticipating stunning growth of about $4.0 billion in the exports of its products in 2010-11 attributable to the increased value of products, quantitative growth and market access to the EU and China.
In 2009-10 the exports of textile products amounted to $10.40 billion while in 2010-11, the sector’s exports are forecast to touch $14.40 billion, sources indicated to Pakistan Today on Tuesday. In the period July 2007 – June 2008, textile

Pakistan wants a crack at the Japanese textile market

KARACHI: Pakistan, in collaboration with Japan International Cooperation Agency (JICA), will seek to raise the quantum of trade with Japan through promotion of its textile products.
JICA members have recently toured the textile factories located in Karachi to examine the quality and market value of Pakistani textile products which hold a meager share in the Japanese market.
The tour was organised by Trade Development Authority of Pakistan (TDAP) as part of a concerted effort

Textile exports jump 23.65pc

ISLAMABAD: Textile exports from the country surged by 23.65 percent during the first four months of the current fiscal year against the corresponding period last year. Textile exports were recorded at $4.107 billion during July-October (2010-11) compared to exports of $3.321 billion during July-October (2009-10), according to data provided by Federal Bureau of Statistics (FBS).
The textile product categories that indicated positive growth during the period under review included

Textile profits shoot up 295pc

KARACHI: The net profit of the textile sector zoomed grew by an astounding 295 percent in the first quarter of FY11 compared to the same period last fiscal year.
The textile sector garnered Rs 7.206 billion in net profits during the first quarter of FY11 in comparison to figures of Rs 1.823 billion last year. Revenues of the textile sector posted growth of 39 percent amassing Rs 84.643 billion relative to last year’s figures of Rs 61.07 billion in the same period last year.

Gas load-shedding will ruin textile sector: APTMA

LAHORE: The Chairman of the All Pakistan Textile Mills Association (APTMA) Punjab Ahsan Bashir expressed fear of large scale closures, heavy bankruptcies and massive lay offs if the textile industry in Punjab was deprived of gas supply for another 100 days during the winter load management program.
He was exasperated at the prevalent situation and stated that the textile industry in Punjab was already suffering heavily due to gas load-shedding to the textile Captive Power Plants

Textile sector bloom generating exceptional profits

KARACHI: The country’s textile sector maintained a fantastic performance during the financial year 2010 posting remarkable annual growth in earnings of 690 percent.
The sector’s top-line also grew by a respectable 27 percent to Rs 277 billion in 2010. Pakistani textile exports blossomed not only on the back of good prices fetched in both domestic and oversea markets, but also a rise of production volume and the rupee’s depreciation against the dollar (average six percent in