Pakistan’s textile and clothing products due to the cash subsidy offered under the prime minister’s exports enhancement package recorded over 7 percent growth in exports during four months (July-October) of the current fiscal year. Textile and clothing products exports worth $4.4 billion took place during July-October period of the year 2017-18 as against $4.1 billion of the corresponding period of the previous year, according to the Pakistan Bureau of Statistics (PBS). Revival in textile

'DIFE has already decided not to renew licences of non-compliant factories and cancel their licence after the expiry of the deadline The government has asked all factories from the National Initiative (NI) under the Tripartite Plan of Action to complete their remediation process by April 2018. As part of the government’s initiative to ensure RMG factory safety after the Rana Plaza disaster, the Department of Inspection for Factories and Establishments (DIFE) held a meeting with the fac

The EU-Vietnam Free Trade Agreement (EVFTA) is expected to boost Vietnamese leather and footwear exports to the European Union market, heard a conference organized by the European Trade Policy and Investment Support Project (EU-Mutrap) in Hanoi on November 15. Vietnam fetched US$16 billion from leather and footwear exports in 2016, the fourth biggest export earner after phones and phone parts, textiles and garments, and computers, and electronics, Vietnamplus news website reports. Data of

Pakistan’s textile and clothing products exports recorded over 7 percent growth during four months (July-October) of the current fiscal year mainly due to the cash subsidy offered under the prime minister’s exports enhancement package. The country exported textile and clothing products worth $4.4 billion during July-October period of the year 2017-18 as against $4.1 billion of the corresponding period of the previous year, according to the Pakistan Bureau of Statistics (PBS). Revival in texti

Uruguay wants to boost its sale of wool to China by expanding into fashion and design, its ambassador to China Fernando Lugris recently said while meeting designers from his country in Beijing. Designers Ana Livni and Fernando Escuder are trying to introduce in China the ‘slow fashion’ concept with Uruguayan wool designs that last longer. This is another way of bringing wool coming from naturally-fed sheep in Uruguay to China, A Chinese daily quoted Lugris as saying. Since diplomatic rel

Angolan textile factory Alassola will send a second shipment of cotton yarn weighing 100 tonnes from the port of Lobito to Portugal, to be used by some top Portuguese textile firms, according to company chairman Tambwe Mukaz. The first such shipment of 156 tonnes to Portugal was dispatched in October 2016, according to an African news agency report. Alassola is the recovered form of former textile company África Têxtil, which was inaugurated in 1979, came to a standstill in 1998 and declared

Teijin Frontier, the Teijin Group’s fibre-product converting company, has developed Solotex Thermo, a polytrimethylene terephthalate (PTT) fibre, which is said to offer excellent thermal retention and insulation. The company envisions a wide range of promising applications for the new product, including jeans, pants and bottoms, and for more than just outer materials. Solotex Thermo offers high comfortability thanks to its softness, form-suitability and strechability, the company reports. It

Cotton prices oscillated slightly in the Brazilian market in the first fortnight of November, the Center for Advanced Studies on Applied Economics (CEPEA) said in its fortnightly report. Some traders were active, lowering asking prices, resulting in the CEPEA/ESALQ Index dropped 0.6 per cent since October 31, closing at 2.3940 BRL per pound on November 14. “While purchasers were cautious to increase bidding prices, both growers and trading companies were firm in terms of asking prices. Thus,

The overall behavior at cotton market on Thursday was firm and prices began to stabilise. Leading buyers stayed away from the trading ring . However, as per market estimates, the level of prices still remained above import parity. The current spell of rains in Punjab is being reckoned to be healthy for standing cotton plants and could help improve production. However, leading spinners seemed to be unwilling to take any risk and are keen to import cotton once duty is withdrawn. The issue of

Garment exports hit hard in October as order bookings didn’t happen due to the ambiguities relating to GST. The fall is one of the highest in percentage term, the worst performing export category in October, as per the data with the union commerce ministry. With readymade garment exports plunging 40.7 percent on a year-on-year (yoy) basis to Rs 5,398 crore in October, exporters have blamed the slump on financial crunch due to the delay in getting GST refunds and reduction in duty drawback rat