Chinese entrepreneurs invited to invest in Pakistan textile sector

Chinese entrepreneurs invited to invest in Pakistan textile sector
Pakistan Textile Sector News BEIJING: Pakistan Ambassador to China, Masood Khalid Tuesday invited the Chinese companies to take advantage of investment-friendly policies of present government and come forward to invest in textile and garments sectors in Pakistan. “The government is focusing for the development of textile and garments sectors in Pakistan as it is considered to be the backbone of... Read More

Business community hails PM’s special package

Business community hails PM’s special package
Pakistan Cotton News ISLAMABAD: Business community has widely welcomed the Prime Minister’s Rs180 billion package for the export-oriented sectors and hoped the exports would show impressive growth. President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zubair Tufail expressed the hope that 2017 and 2018 would prove to be years of exports. He said the country has achieved economic... Read More

Punjab bans cultivation of cotton crop before April 15

Punjab bans cultivation of cotton crop before April 15
Cotton Crop  News LAHORE: Punjab agriculture department has banned cultivation of cotton crop before April 15 to get better yield. To ensure cultivation on time, Section 144 has been imposed in the province. “The step has been taken to ensure healthy crop and better produce,” officials said. Agriculture experts say early sowing of cotton crop attracts onslaught of sucking pests, resulted... Read More

Pakistan, Uzbekistan agree to enhance cooperation in diverse fields

Pakistan, Uzbekistan agree to enhance cooperation in diverse fields
Pakistan Uzbekistan updates ISLAMABAD: Pakistan and Uzbekistan have agreed to enhance cooperation in diverse fields for benefit of the two people.  The understanding came at a meeting of a high level delegation of Uzbekistan led by Deputy Prime Minister Ulugbek Rozukulov with Commerce Minister Khurram Dastgir Khan in Islamabad on Thursday. Both the sides agreed to enhance cooperation in textile,... Read More

APTMA announces weekly sit-in

APTMA announces weekly sit-in
Textile Industry News LAHORE: The All Pakistan Textile Mills Association (APTMA) Punjab Chairman Syed Ali Ahsan has announced a weekly sit-in on every Tuesday outside the APTMA Punjab office until the industry demands are net by the government (Textile Industry News).   He was addressing a press conference at the APTMA Punjab office to kick start a series of protest sits-in... Read More

ECC approves cut in gas price for industries

ECC approves cut in gas price for industries
ECC Pakistan News ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) here on Friday accorded approval to the reduction of gas price for industrial sector from Rs 600 to Rs 400 per MMBTU, Business92 reported (ECC Pakistan News). The ECC met here under the chairmanship of Minister for Finance Senator Mohammad Ishaq Dar here. Moreover, according to a statement... Read More

PHMA urges early announcement of ‘Textile Package’

PHMA urges early announcement of ‘Textile Package’
PHMA News KARACHI: Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has demanded the Prime Minister to immediately announce the most-awaited textile package which was promised by him to bring the textile industry out of crisis. PHMA Chairman Adil Butt made this demand through a letter written to the PM Nawaz Sharif. “The textiles in general and value-added apparel sector in particular... Read More

APTMA demands govt to restore sales tax exemption

APTMA demands govt to restore sales tax exemption
APTMA News LAHORE: All Pakistan Textile Mills Association (APTMA) has demanded the government to restore sales tax exemption, while Chairman APTMA Amir Fayyaz Sheikh said that if the local industry was not developed then only China will benefit the CPEC project, while Pakistan will only be limited to receive toll tax, Business92 reported. Moreover, addressing press conference here, Chairman APTMA Amir... Read More

Mamnoon for strengthening global cotton economy

Mamnoon for strengthening global cotton economy
Mamnoon Hussain News ISLAMABAD: President Mamnoon Hussain has stressed upon the cotton growing countries to collectively address the issues and problems related to cotton industry and strengthen global cotton economy, Business92 reported Wednesday. Addressing the delegates of 75th Plenary Meeting of International Cotton Advisory Committee (ICAC) at the Aiwan-e-Sadr late Tuesday evening, Mamnoon Hussain the volatility of cotton prices in the international market, technological... Read More

Pak-India cotton trade halts amid border tension

Pak-India cotton trade halts amid border tension
Textile industry Pakistan KARACHI: Cotton trade with India has come to a standstill in the wake of heightened tensions between textile industry Pakistan and India, importers told Business92 Saturday. Being the world’s third largest cotton consumer, Pakistan imports cotton high quality cotton from different destinations including India and annual cotton trade was recorded at $822 million. Senior cotton traders of Karachi Cotton... Read More

PM for boosting trade with Senegal in textile, pharma, agri sectors

PM for boosting trade with Senegal in textile, pharma, agri sectors
Pakistan Agri News ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Tuesday called for boosting bilateral trade with Senegal by enhanced collaboration in textiles, agricultural machinery and pharmaceutical sectors. Following a round of exclusive and delegation level talks with the President of Senegal Macky Sall here at the PM House, the Prime Minister emphasized enhancing bilateral trade from its current volume of... Read More
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