Pakistan’s cotton and yarn imports hit $4.24 billion, exceed domestic production
Textile industry cites tax-free imports, high domestic ginning taxes, and adverse weather as key factors behind rise in cotton and yarn imports
Pakistan’s textile exports fall 7.36% from FY22, despite 7.22% increase in FY25
Textile exports in FY25 reached $17.88 billion, showing a positive growth compared to FY24 but still lagging behind $19.3 billion recorded in FY22
Gul Ahmed profits dragged down by energy costs, declining US and UK sales
Company intends to spend the bulk of its free cash flow investing in increasing its own electricity generation
In Bonnie Doon acquisition, Interloop seeks move up the value chain
The acquisition of the European operations of an American brand are a logical extension of the company’s strength in sock manufacturing
Textile exports rise 7.37% to $16.36 billion in 11 months of FY2024-25
Knitwear exports increased by 14.46% to $4.56 billion, while bed wear exports surged 10.56% to $2.84 billion compared to last year
Interloop’s associate firm Textile Hub B.V acquires Bonnie Doon brand
Acquisition encompasses the global trademarks for the brand Bonnie Doon®, along with associated inventory and e-commerce infrastructure
Janana De Malucho: A case study in struggling textile spinning mills
Competition from imported yarn from China and Vietnam, and rising energy costs, caused losses to increase five-fold
APTMA urges removal of yarn and fabric from export facilitation scheme to protect local textile sector
Proposal aims to restore competitiveness without violating IMF conditions
Textile industry warns of collapse amid tax distortions in export facilitation scheme
Tax imbalance fuels surge in imports, threatens local supply chains and millions of jobs
Textile exporters call for tariff revision to address industrial electricity billing discrepancies
Pakistan Textile Exporters Association seeks a more efficient tariff structure to incentivise higher-voltage connections and reduce system inefficiencies
FBR seals clothing brand’s outlets over Rs100 million tax evasion, suspects money laundering
Sowears’ operations under investigation for undeclared international business and illegal transactions
APTMA demands ban on yarn, cloth imports under Export Finance Scheme
Over 120 textile mills shut down due to the removal of sales tax exemption on local supplies, APTMA urges government to reinstate EFS and support local textile sector
Pakistan sets sights on $60bn export goal with focus on textile sector
Under the “Uraan Pakistan” plan, government emphasizes modernization, value addition, and export-friendly reforms
Pakistan’s textile exports to be badly hit by new US 29% tariff
India gains competitive advantage in textile exports as its lower tariff rate contrasts with Pakistan’s new 29% levy
Pakistan’s textile exports remain flattish YoY, down 16% MoM
MoM drop is the largest in nearly four years; exports are projected to reach $18-19 billion by the end of FY2024-25