CPEC Industrial Cooperation Textile B2B Webinar Highlights Areas for Cooperation in Textile
In a bid to promote business alliances and sectoral matchmaking between private enterprises of the textile sector of Pakistan & China, the Prime Minister’s Office, Board of Investment, Pakistan, organized a “CPEC Industrial Cooperation Textile Business to Business (B2B) Webinar” in collaboration with China Council for International Investment Promotion (CCIIP) and China National Textile & Apparel Council (CNTAC).
The webinar offered a platform for analysis of industry trends, bilateral investment opportunities & potential collaborations between companies of the two countries.
The opening remarks were delivered by Executive Director General BOI, Khashih-ur-Rehman. He stated that the webinar marks the actualization of the MOU signed in 2008 between BOI & CCIIP, and it will be integral in advancing B2B & P2P ties under CPEC Industrial Cooperation. In this context, he informed the par
The textiles vs yarn tussle - Newspaper
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Textile sector urges govt to improve cotton output
Seeks free market mechanism, focus on long-term interest of country
Due to shortage of cotton and yarn, the users were compelled to import the commodities from the United States, Brazil and Uzbekistan. PHOTO: FILE
KARACHI:
Textile sector stakeholders have requested the government to establish a free market mechanism and focus on long-term interest of the country by improving cotton production instead of allowing yarn imports at subsidised rates, which will put more burden on the economy.
“Any distortion in the free market mechanism from cotton to garments in the textile supply chain will be a disaster for Pakistan’s textile exports,” said All Pakistan Textile Mills Association (Aptma) Chairman Adil Bashir in a statement on Friday.
April 17, 2021
LAHORE: All Pakistan Textiles Mills Association (APTMA) has warned that any distortion in policy of free market mechanism from cotton to garment in the textile supply chain would be a disaster for the textile exports of Pakistan.
The trade body pointed out that Pakistan was facing a severe shortage of cotton – almost seven million bales – and was meeting it with imports, a statement said.
It further added that APTMA was standing solid to meet the downstream requirements of which only 50 percent was consumed by the value-added garments and home textile.
The balance 50 percent was exported in the form of yarn and fabric, earning $5 billion. The association said that better prices after 2011, would encourage farmers to sow cotton.
Cotton prices fall Rs400 per maund to Rs10,800 per maund
Business
April 11, 2021
KARACHI: Cotton prices fell Rs400 to Rs10,800 per maund as spinners showed reluctance to make purchases, traders said on Saturday.
They said interest of spinners further declined in purchase of cotton that resulted in a drop of the official spot rate fixed by the Karachi Cotton Association.
Chairman Karachi Cotton Brokers Association, Naseem Usman, told The News that international markets witnessed fluctuation during the outgoing week. In the New York Cotton Market, rates had gone down to 77 cents per pound, which again increased to 82 cents per pound.
Cotton rates in the international market fluctuated during this period while local stocks are left below than 85,000 bales only.
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