ISLAMABAD: Gohar Ejaz an eminent entrepreneur, philanthropist, and industrialist was awarded with an honorary doctorate in management for his outstanding services in business management from the.
In this file photo, a man works at a textile factory in Pakistan. AFP/File
LAHORE: The Sui Northern Gas Pipelines Ltd has taken strict notice of alleged involvement of some of its officers in disconnecting gas supply to textile mills and issuing frivolous notices to them on lame excuses and pretexts.
“I assure you people of uninterrupted gas supply to export oriented industry. I will also take action against all delinquent officials resorting to disconnection of gas connections or issuing frivolous notices to the mills without any solid reasons,” SNGPL Managing Director Syed Ali Javaid Hamdani assured a delegation of the All Pakistan Textile Mills Association (APTMA) led by Abdul Rahim Nasir here on Tuesday.
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At the 6th meeting of the Uzbek-Pakistani Inter-governmental Commission on Trade-Economic and Scientific-Technical Cooperation (IGC) in Tashkent, All Pakistan Textile Mills Association (APTMA) signed a memorandum of understanding with the Governor of Bukhara, Uzbekistan to build a textile complex in the state.
Spanning 30,000 hectares, the complex will reserve a vast space for cultivating cotton. It will also house spinning, weaving, processing and garment units built at a cost of $100 million.
Gohar Ijaz Ijaz, Leader, APTMA hopes, Pakistan s cotton exports would reach $18 billion by next year. The country recently agreed to finalize a preferential trade agreement (PTA) with Uzbekistan within three months to boost bilateral trade volume.
Cotton prices steady amid low trade on holiday schedule
July 25, 2021
KARACHI: Cotton market trade was low with stable prices during the three-day week, with Friday remaining a partial holiday, traders said.
Some ginning factories started their operations, while a majority of the mills were either closed or partially open, expecting trade to resume from Monday, they said.
Textile and spinning mills need cotton, increasing chances of higher trading activity in the coming days.
Activity is likely to increase in Punjab, while Sindh would face a normal situation, amid expected rains. “If rain is normal, it will benefit the crop, otherwise it can be harmful,” traders said.
DESPITE contributing 60 per cent to Pakistan’s total exports, the textile sector of the country has been badly affected during the last 15 years due to official inattention and low cotton production. Contrary to the claim of an improvement in the textile sector, the All Pakistan Textile Mills Association (Aptma) reported a decline of 6pc in exports in 2020 compared to 2019.
Pakistan is the fifth largest producer of cotton in the world, with an average production of 1,350 metric tonnes. The current cotton production in the country is just about half of what it was producing until a few years ago, and is expected to decrease further in the next few years. The country now faces shortage of cotton and has to import it to meet its needs.