Textile industry financial crunch worsens, as it awaits release of outstanding tax refunds

Exports nosedived by 12.36 percent during 2015-16, touching $21.97 billion and worldwide exports also posted a fall of meagre 1 percent

Pakistan contemplating to import 20,000 tons of cotton from Afghanistan

Import of cotton from Afghanistan is under consideration due to the prevailing water shortage in the country

FPCCI prepares research report on textiles under PM’s instructions

ISLAMABAD: The Research and Development (R&D) department of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has prepared a detailed document on the...

New export package on the cards

The outgoing government in a bid to please the business community before the general elections is planning to announce another export package ranging from R30 billion to Rs42 billion.

PTEA stresses DDT continuation to boost textile exports

As a result of growth-led initiatives of the government, country’s exports surged by 13.1 per cent to in July-March 2017-18 over the corresponding period of last year.

Industries to bear ten-hour power outages in Ramzan

Former APTMA chairman Ijaz Gohar said exports could nosedive by $500 million a month if the 10-hour power outages schedule got enforced

Textile value-chain on priority in federal budget 2018-19: Pervaiz Malik

LAHORE: Federal Commerce Minister Pervaiz Malik on Wednesday assured that textile value chain was topmost priority in federal budget 2018-19. Addressing an International Conference on...

Textile Division proposes to extend Prime Minister Package for 2018-19

ISLAMABAD: The Textile Division has proposed to extend the Prime Minister's Rs180 billion package to the next fiscal year 2018-19. Sources revealed that the Textile Division, in...

PM rejects move to eliminate subsidy for industrial consumers

ISLAMABAD: The proposal to hike power prices for industrial consumers by removal of Rs3 per unit subsidy has been rejected by the Prime Minister...

TDAP to take part in home textile fair in Shanghai

KARACHI: Trade Development Authority of Pakistan (TDAP) will participate in a home textile fair to be held in Shanghai from August 30. Intertextile Shanghai Home Textiles...

Strong manufacturing base key to 7pc growth rate, says Haroon Akhtar

ISLAMABAD: Special Assistant to the Prime Minister on Revenue/Federal Minister Senator Haroon Akhtar Khan has said the government is aware of the need to strengthen...

APTMA delegation meets Miftah Ismail

ISLAMABAD:  A delegation of All Pakistan Textile Mills Association (APTMA) had a meeting with Adviser to Prime Minister on Finance Dr Miftah Ismail here on...

APTMA proposes to make turnover tax zero pc for textile sector

ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has proposed to make turnover tax zero per cent for the textile sector. APTMA in its budget proposals 2018-19...

Alibaba wants Pakistani exporters to get listed on its B2B electronic portal

KARACHI: Alibaba Group, the Chinese e-commerce behemoth wants Pakistani exporters to get listed on its business-to-business (B2B) electronic portal, said a company executive on...

Karachi to host 19th Textile Asia trade fair from March 27

KARACHI: Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) and Ecommerce Gateway Pakistan are jointly organising a three-day international textile, garments machinery and clothing...

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China to extend support through short term loans

It was earlier rumoured that the caretaker government would opt for a bailout from the International Monetary Fund (IMF), however, after the caretaker setup denied such plans, Pakistan is likely to rely on short-term loans from China till the next government takes charge.