China’s exports picked up in the first two months of 2015, propelled by February’s exceptionally strong performance that was inflated by the timing of Lunar New Year, while a slide in imports pointed to persistent weakness in the economy. Data released by the General Administration of Customs on Sunday showed that China posted a record trade surplus of $60.6 billion last month. Exports rose 15 per cent during the January-February period from a year earlier, quickening from a 6.1 per cent

Pakistan, India and Bangladesh can become indispensable in the leather sector if they join hands, said the chairman of India Council of Leather Exports on Saturday. The three states have the biggest wealth of leather raw material and manufactured products, Muhammad Rafeeque Ahmad told newsmen after delivering a keynote speech at a group dialogue on ‘South Asia: Future Hub for Leather and Footwear’, arranged as part of the ongoing three-day Pakistan Mega Leather Show at Lahore’s Expo Centre.

Japan's economy grew less than initially thought in the final quarter of 2014, revised government data showed Monday, revealing an even weaker emergence from recession than previously believed. The poor data could put the Bank of Japan under pressure to launch more stimulus, economists said, as the world's third largest economy struggles to rid itself of two decades of lassitude. The Cabinet Office said the economy expanded just 0.4 percent in the October-December period from the previous

The European retailers will place orders for longer period in higher volume and increase price per unit of products to help their supplier factories in Bangladesh where remediation works are needed to maintain workplace safety, said their platform, The Accord on Fire and Building Safety in Bangladesh. The Accord in a monthly update report on Friday said it had developed a Financing Remediation Guidance for brands (retailers) and factories outlining suggested steps for both parties to ensure

Shares of Suryalata Spinning Mills were trading higher by 9% at Rs 166, extending its 22% rally in past two trading sessions on BSE, after the company engaged in textiles business plans to issue equity shares to the promoterson a preferential basis. “The board of directors of the company will meet on March 14, 2015, to consider and approve the preferential offer letter (PAS-4) for issue of 600,000 equity shares of Rs 10 each at an issue price of Rs 130 to promoters of the company,” Suryalata

The Pakistan Mega Leather Show 2015 on Saturday hosted a group dialogue between Pakistan and India on "South Asia-India-Bangladesh-Pakistan: next hub for leather footwear" at the Lahore Expo Centre. Chairman, Council of Leather Exports, India M Rafique Ahmed who was also present at the discussion briefed the participants about the incentives being enjoyed by the leather industry in India. He also talked about the future plan to impart technical skill to the people in India so that leather se

Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has urged the government to convince the Turkish government to waive off 42.2 percent safeguard measures duty on Pakistan's apparel imports. The government is involved in trade negotiations with Turkey under a proposed free trade agreement these days. PRGMEA Central Chairman Ijaz Khokhar is worried over the reduction in apparel exports to Turkey on account of imposition of safeguard measures duty on textile imports

An installation made of sock textiles is on display at a demonstration hall of the local sock-making industry in Zhuji, Zhejiang province, in February. [Photo/Agencies] China faces 'formidable challenges', says Li China plans to lower the annual GDP growth target to around 7 percent from 7.5 percent, the slowest in 22 years, in light of the ongoing property downshift and deflation headwinds, according to a draft government work report delivered by Premier Li Keqiang on Thursday to the Nati

Apparel export earnings showed 2.56% growth in the first eight months of the current fiscal year, EPB provisional data shows, despite supply chain disruptions in the last two months in the wake of the countrywide political violence. Police escort has helped the RMG exporters to a large extent to ship their products on time. The RMG manufacturers however claimed they had to face setbacks in sending products to Chittagong for shipment due to security problems. The figures, however, showed po

Prices were steady on the cotton market on Wednesday as spinners and some exporters remained in the forefront to replenish their stocks with quality lint. Though ginners’ body report on cotton production has been encouraging, higher consumption of cotton by the textile industry is resulting in shortage of quality lint which is causing frustration among spinners, brokers said. Consequently, even falling prices in the world market including New York cotton and Chinese markets could not impac