Pakistan Textile News Summaries

PAKISTAN: Ibrahim Fibres new polyester staple plant
Ibrahim Fibre will have a new 230,000-235,000 tonne/year polyester staple plant in Pakistan by 2012,

PAKISTAN: Pakistan does not need special treatment: Euratex
EURATEX hopes that during the discussions with the Council and the European Parliament this negative aspect can be offset through a reduction in the vulnerability threshold and an improvement in the existing Textile Safeguard Clause, making it applicable both to Textiles and Clothing and reducing the launching threshold.

PAKISTAN: Raw cotton hits record high of Rs14,000
Raw cotton rose by Rs1,000 to strike a record high of Rs14,000 per maund on Thursday after the Pakistan Cotton Ginners Association (PCGA) showed a significant fall in the country’s crop output in its fortnightly report and sharp rise in commodity prices in the international market, dealers said.

PAKISTAN: Textile exports can touch $15bn mark
Pakistan’s textile exports can rise to at least $ 15 billion in next two years from the present figure of $ 9 billion per annum by ensuring uninterrupted supply of gas, electricity and water at the affordable and supportive prices to the textile industry along with availability of standard infrastructure, matching incentives and facilities.

PAKISTAN: Punjab plans to double cotton production
Punjab plans to double its cotton production from 8 million bales to 16 million bales by 2015

PAKISTAN: PFDC Sunsilk Fashion Week kicks off in Karachi
PFDC Sunsilk Fashion Week kicks off in Karachi on November 10. As the city is reportedly being invaded by an army of fashionistas (one hears finding a Lahore – Karachi flight has become near-impossible), The Express Tribune takes a look at what to expect from the four-day event.

PAKISTAN: CCP issues show cause notices to jute mills
The Compe-tition Commission of Pakistan (CCP) has issued show cause notices to 10 jute mills, all members of Pakistan Jute Mills Association (PJMA), for alleged cartelisation in supply of gunny bags to government departments including Pakistan Agriculture Storage and Supply Corporation Limited (PASSCO) in violation of Section 4 of the Competition Act, 2010.

PAKISTAN: PCGA rejects proposed taxation on cotton trade
The central executive committee of Pakistan Cotton Ginneers Association (PCGA) has rejected the proposed taxation on the cotton trade, describing it as "economic massacre of the ginners", and said that such steps would be harmful to the already destroyed industries.

PAKISTAN: PHMA demands complete ban on export of raw cotton
Pakistan Hosiery Manufacturers and Exporters Association (PHMA) North Zone has demanded that government should impose a complete ban on the export of raw cotton material besides levying 30 percent Regulatory Duty on the export of yarn, otherwise the Value Added Textile Sector will have to bear the loss of $1.5 foreign orders.

PAKISTAN: JV between Turkish and government of 78.5 million dollars
A new textile factory established as a joint venture between Turkish investors and the federal government with a capital of 78.5 million dollars, in Sebeta, 24km from Addis Abeba in the Oromia Special Zone, is set to start production in January 2011.

PAKISTAN: Pakistan's cotton imports double in 2010-11
Pakistan's cotton imports will double in 2010-11 to make up for domestic production lost in its devastating floods, yet will still be unable to prevent a near-halving in exports.

PAKISTAN: Pakistan to import 1 million cotton bales from India
Pakistani spinners have finalised deals with Indian exporters for import of one million bales of cotton since cotton crop has been extensively damaged in the floods that ravaged the country.

PAKISTAN: Aspetto Men's Wear Helping Pakistan
Pakistan has been hit by the most devastating natural disaster. one-fifth of the country is under water. Aspetto Men's Wear is here to support the people of Pakistan.

PAKISTAN: Government urged to take preventive measures to save cotton crops
Chairman Pakistan Cotton Forum (PCF) Seth Muhammad Akbar has asked the government to take urgent precautionary measures to save cotton crops from further damage.

PAKISTAN: 8.5 million-acre agri land affected due to super flood
Chief Minister Punjab also informed the meeting that the Punjab Government has been assessing the damages of flood devastations for crops and strategies were being designed to compensate the damages of flood affected people adding that the government would also provide assistance for next crops in the flood-hit areas.

PAKISTAN: Pak agri sector suffers Rs 244 billion damage
Pakistan’s agriculture sector suffered a loss of around Pak Rs 244 billion due to the devastating floods that hit the country since August.

PAKISTAN: Textile sector to bear $900m import bill
Chances for import of more than 200,000 cotton bales from India are bright, as the Indian government has decided to allow exports without mandatory licenses beginning from October 1.

PAKISTAN: Pakistan textile sector seeks greater EU, US markets access
Pakistan's textile industry is asking for greater access to the US and European Union markets as it struggles for survival after floods devastated the country.

PAKISTAN: New Indian cotton policy may benefit Pakistan
India has allowed cotton exports without mandatory licences, but the registration process will be required, a government notification said on Tuesday.

PAKISTAN: Pakistan - fourth largest cotton producing country
Pakistan is the fourth largest cotton producing country. Pakistan was expected to grow 2.2 million tons in 2010/11, the first year of the official release of biotech cotton in the country.

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