Textile exporters fear ‘severe liquidity crunch’, seek PM’s intervention
LAHORE: Textile exporters on Wednesday made an appeal to Prime Minister Imran Khan to intervene and ensure the suspension of sales tax...
Govt lauded for lowering power tariff for export sector
ISLAMABAD: The Pakistan Hosiery Manufacturers and Exporters Association (PHMA) and the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) on Thursday lauded...
Power tariff reduced for textile sector
LAHORE: The federal government has agreed to provide electricity to the textile and other zero-rated industries at the rate of 7.5 cents/kWh...
High energy cost hindering investment in spinning sector
LAHORE: The spinning industry in Pakistan has seen little investment in spindles (spinning machinery) in the last decade or so as the...
TEXPO attracts $600mn export orders
LAHORE: Pakistan's biggest textile exhibition at the government level, TEXPO-2019, has attracted $600 million trade through export orders by foreign buyers, claimed...
Fashion industry leading to environmental pollution, says business leader
ISLAMABAD: The trend of fast fashion is growing globally which is polluting environment, spreading toxins in water and encouraging the use of...
Interloop gears up for March IPO, roadshows to commence in Lahore, Karachi next week
Interloop’s IPO could become the country’s largest private sector listing on the Pakistan Stock Exchange, eclipsing that of the bourse which raised Rs4.5 billion in 2016
Waiving taxes, duties on cotton imports to cost Rs29 billion to national exchequer: Report
This is in addition to an Rs25 billion gas subsidy extended to five zero-rated export-focused industries of which textile titans are the biggest beneficiaries
Is the mini-budget a ruse?
Measures announced in the mini-budget, the confusing stance regarding approaching the IMF could weigh heavily on the government's ability to tackle the issues threatening the economy
Mini-budget to have negative revenue impact of Rs6.8 billion during remainder of FY18-19
Despite the major shortfall of Rs 158 billion during the past six months, the FBR has kept the tax collection target unchanged at Rs 4,386 billion for this financial year ending June 2019
Govt foregoes 50% of GIDC or Rs200 billion to fertilizer, CNG and textile sector
Due to the 50% waiver provided by the government, the fertilizer and CNG sector is required to pay Rs80 billion each
FCCI asks govt to scrap duties on polyester and cotton yarn in mini-budget
Due to the positive steps of the government, he said the imports started decreasing whereas transactions witnessed 10 percent increase and exports 2 percent increase
Pakistan’s textile industry receiving higher import queries from US
According to the official, the current administration was working upon rationalizing subsidies for agricultural crops in hopes of enhancing cotton cultivation
Additional revenue measures of up to Rs150 billion expected in upcoming mini-budget: Report
The brokerage house said the hike in interest rate by 425 basis points and rupee devaluation of 24% since December 2017 have cumulatively increased annual debt servicing requirement of government by Rs700-800 billion
Why Pakistan’s cotton value-chain has begun to atrophy
The industry blames a lack of government support, but capital appears to be shifting away from manufacturing, and the economics of growing other crops is better than that of cotton