ISLAMABAD: The country’s exports to European Union countries may stay in a danger zone in the time to come as the European parliament on Thursday adopted a resolution urging the EU authorities.
Daily Times
Moot deliberates potential of textile cooperation between Pakistan, China Webinar offers platform for analysis of industry trends, bilateral investment opportunities and potential collaborations between companies of two countries
April 28, 2021
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) on Tuesday, 27th April 2021. The webinar offered a platform for analysis of industry trends, bilateral investment opportunities & potential collaborations between companies of the two countries.
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
Cotton trade drops amid higher price demand by ginners
Business
April 18, 2021
KARACHI: As expected, ginners are demanding higher prices from buyers due to shortage cotton bales in the market with their stocks down to 70,000 bales, traders said on Saturday.
With cotton production having declined around 40 percent, ginners are demanding higher prices, as very little stock of around 70,000 bales is left with them, traders said.
Spinners were less interested in the purchase of lint from the local market during the outgoing week. They are not ready to purchase lint at higher rates, although prices remained stable in the local market amid low volumes.
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.