With buyers and sellers staying away from the proceedings kept cotton market conditions dull on Tuesday. The undertone was weak and outlook uncertain. However, low demand for cotton from the value-added textile sector is cited as another factor. Moreover, slow demand for cotton yarn has forced many spinners to move cautiously and avoid building up their inventories. The downward trend in world leading cotton markets has impacted the domestic market adversely. At the Karachi Cotton Assoc

According to provisional figures provided by The State Bank of Pakistan, textile trade surplus dropped year-on-year in 2017 up to December by 1.9% due to imports rising by a larger amount and a faster pace than exports. Provisional figures show that exports rose 4.5% to US$12.93bn from US$12.37bn the year before. The bulk of the increase in exports came from an increase in exported readymade garments, knitwear, bedwear, cotton yarns and towels. Between January and December 2017, Paki

Việt Nam Textile Research Institute (VTRI) will sell over 2.26 million shares, accounting for 45.25 per cent of its charter capital, in its initial public offering (IPO) on March 12. VTRI will offer 2.26 million shares, corresponding to 45.26 per cent of chartered capital for strategic investors on its IPO next month. The shares will be listed on the Hà Nội Stock Exchange (HNX), with the initial price of VNĐ12, 583 (55 US cents) for each share. VTRI expects to receive more

Recently, the press conference of “2018 China Keqiao Grey Cloth & Textile New Material Exhibition” has been held in Keqiao Flower Hotel. Over 100 grey cloth, yarn and fiber enterprises, textile industry association and media attended this event, and the exhibitor registration has been started after the meeting. This is the third textile professional exhibition in Keqiao after China Keqiao Textile Exhibition and China Textile City Curtain & Cloth Art Exhibition. Nowadays, the innovativ

A new platform of garment trade unions on Thursday demanded that the government set the minimum wage for apparel workers at Tk16,000 and implement it within six months. Garments Sramik Mojuri Andolan (garment worker wage movement), an organisation of 25 government-registered associations, made the demands while announcing its three-point demands at a press conference held in Dhaka on Thursday. Lima Ferdous, convener of the organisation, said, ‘The minimum wage for the garment workers must

A new platform of garment trade unions on Thursday demanded that the government set the minimum wage for apparel workers at Tk16,000 and implement it within six months. Garments Sramik Mojuri Andolan (garment worker wage movement), an organisation of 25 government-registered associations, made the demands while announcing its three-point demands at a press conference held in Dhaka on Thursday. Lima Ferdous, convener of the organisation, said, ‘The minimum wage for the garment workers must

China's foreign exchange regulator will support "capable and qualified" businesses to invest overseas this year to advance cross-border investment. The State Administration of Foreign Exchange (SAFE) said at a conference it will steadily push forward capital account convertibility and protect the interests of foreign investment. The statement came as Chinese authorities tightened regulations on overseas investment and advised companies to make investment decisions more carefully. SAFE w

The textile millers who took bank loans through illegal means and defaulted on repayment will be blacklisted, the trade body that represents the millers said yesterday. “We will discuss the names of the blacklisted members at the next board meeting and propose cancellation of their membership,” said Mohammad Ali Khokon, acting president of the Bangladesh Textile Mills Association (BTMA). “Once such mills are blacklisted, it will be difficult for them to do business in the country.” Over

Punjab Secretary Agriculture Muhammad Mehmood on Sunday said that South Punjab would be recognised as a cotton valley by 2020 in the world. He expressed these views in a statement issued here by the agriculture information department here. Different steps were underway to make this region a hub of cotton . Funds worth billions of rupees were being spent on improving the agriculture sector, he said. "We are paying immense focus on mechanised farming and promoting modern technology in the regio

While export prospects of khadi are assured with the world preferring eco-friendly products, the share of khadi is very low — less than 0.22 per cent — in the textile sector in India, minister of commerce and industry Suresh Prabhu told a recent roundtable titled ‘Khadi: Local to Global’, organised by the Indian Institute of Foreign Trade(IIFT) in New Delhi. As the textiles and apparel sector has made a significant contribution by providing direct and indirect employment to around 35 million