LAHORE - The equities wobbled throughout the first trading session after FY19 budget announcement with stock market initially kicking off on a positive note, making an intra-day high of +299 points. Nonetheless, the euphoria fizzled out quickly and the index witnessed a low of -118 points to ultimately close at 45,489 points, down by 52 points. Although federal budget FY18-19 was largely a positive for the market, volatile market conditions prevailed as political uncertainty surrounding upc

ISLAMABAD: The UAE’s ambassador to Pakistan Hamad Obaid Ibrahim Salem Al-Zaabi on Tuesday said his country values its relations with Pakistan and it wants to strengthen economic relations between the two brotherly countries. Ties between Pakistan and UAE were defined by history, warmth and brotherly relations but Pakistani products have little presence in the UAE’s market despite good quality which must be enhanced through joint efforts and proper marketing, he added. The Ambassador sa

The sixth edition of ITMA Asia + CITME has received extremely strong support from both domestic and international textile machinery manufacturers, according to the show organisers: “With six months still to go before the combined event, ITMA Asia + CITME 2018 is heading for another successful showing.” Over 1,600 textile machinery manufacturers have applied to exhibit at the sixth combined show, snapping up all of the available 170,000 square metres gross of exhibition space to showcase sta

Commercial Counselor Embassy of Germany Islamabad Dr Martin Herzer on Monday said there was a vast scope of enhancing Pak-German bilateral trade relations whereas German investors were also taking keen interest to invest in various sectors in Pakistan. He was addressing the exporters at Pakistan Hosiery Manufacturers and Exporters Association (PHMA) North Zone office here. Umar Majeed Commercial Specialist Economic & Trade Section was also accompanied while exporters Dr Khuram Tariq, Qa

Lectra has released the first of a series of cloud-based applications. One of these, Quick Estimate, revs up product development efficiency and is instrumental to managing costs. Another, Quick Nest, provides easy access to automatic marker making and capitalizes on cloud technology to handle heavy volumes of calculations in parallel, maximizing productivity and marker efficiency. These apps empower decision-makers to respond in an instant. These well-packaged, light cloud applications will

Eco Colour Chem one of the leading textile softener supplier in Bangladesh had an agreement with MetLife for its employee’s health insurance. The company arranged this facilities as a part of corporate social responsibility. Under this insurance coverage all employee’s of Eco Colour Chem will get the life coverage, treatment expenditure of hospitalization. Health cards were distributed at MetLife Uttara Kiron Agency office. On that occasion Sk Masud Rana, CEO, Eco Colour Chem, M. Anwarul Islam K

USTER, Switzerland — April 19, 2018 — Textile manufacturers and their technology suppliers face many challenges in common, in an increasingly competitive and quality-conscious business. That’s why it’s important that they share a vision of excellence, which fosters both individual success and technological progress. Well-known North American textile producer Inman Mills is a prime example, in its relationship with USTER. Both companies have a proud heritage, founded on ‘traditional’ values — and

NEW YORK CITY — April 23, 2018 — LIM College, which is located in New York City and focused exclusively on the study of business and fashion, is offering its first-ever online bachelor’s degree program, a Bachelor of Business Administration (BBA) in Fashion Merchandising. With a curriculum that’s nearly identical to LIM’s existing on-campus BBA in Fashion Merchandising, the online program will prepare students to conduct business across the entire breadth of the fashion industry. Bringing L

Bangladesh is a land of golden fiber. Bangladesh has the potential to become the main supplier of jute to the global car industry. The industry needs about 1,00,000 tons of jute a year, of which 12,000 tons come from Bangladesh. Jute is one of the cheapest and the strongest of all natural fibers and considered as the fiber of the future. The car industry uses the natural fiber to manufacture the interiors of vehicles. Previously, the car industry used glass fiber to manufacture the interior

The global silk market is projected to grow at a CAGR of 7.6 per cent from 2017 to 2025. Growth can be attributed to technological advancements in sericulture, which directly increases silk yield. Moreover silk is a low capital investment industry in terms of technology and labor. Though demand for silk products is growing in Europe and North America, the Asia-Pacific region is the largest market for silk. It has a large number of textile manufacturers and growing demand from the domestic m