More than 11.571 million bales of cotton have arrived in 2017-18 season at various ginneries in Pakistan, as on April 1, 2018, up 7.88 per cent over arrival of 10.725 million bales during the corresponding period of last season, according to the latest fortnightly report on cotton arrivals, released by the Pakistan Cotton Ginners’ Association (PCGA). In the major cotton producing province of Punjab, total cotton arrivals increased by 5.46 per cent year-on-year to 7.317 million bales, accordin

Nike, a leading designer and manufacturer of athletic footwear, apparel and equipment, is launching the next generation of Nike Flyknit. Nike Flyknit, which debuted at the 2012 London games with the Nike Flyknit Racer, is a digitally engineered knitting process best known for its role in lightweight, formfitting and virtually seamless shoe uppers. The traditional way to construct Nike Flyknit for a shoe is by knitting a flat upper, which is then attached to a midsole to create the shape of th

Provisional figures provided by the Office of Textile Commissioner show staple fibre production in India dropped 3.6% year-on-year on January. The drop was due mostly to a fall in acrylic and viscose staple fibre production. The year-on-year drop in polyester staple fibre production also contributed towards the year-on-year drop in output. Polypropylene production increased and was the only group were performed well year-on-year in terms of growth. 108.71 million kg of recorded staple fibres

Britain's Prime Minister Theresa May visits textile producers Alex Begg during a tour of the United Kingdom, timed to coincide with one year until the United Kingdom leaves the European Union, in Ayr, Scotland, March 29, 2018. REUTERS/Russell Cheyne/Pool LONDON - British Prime Minister Theresa May Thursday marked the start of the one-year countdown to Brexit by embarking on a whistle-stop tour of England, Scotland, Wales and Northern Ireland. She had signed Article 50 exactly a year ago

Export earnings fell 1.38 percent year-on-year to $3.05 billion in March due to a decline in leather goods shipment. March's receipts fell short of the $3.16 billion target for the month, according to data from the Export Promotion Bureau (EPB). Leather and leather goods sector—the second largest export earner after garments—fetched $848.78 million in the July-March period, down 8.04 percent year-on-year. The shipment of leather and leather goods went down largely as the relocation of t

Over 11.571 million bales of cotton have arrived at various ginneries till March across the country showing an increase of 7.88 percent as compared to 10.725 million bales of last season, said a fortnightly report on Tuesday. The report was released by Pakistan Cotton Ginners Association (PCGA) with cooperation of All Pakistan Textile Mills Association (APTMA) and Karachi Cotton Association (KCA). According to the report, in the major cotton producing province of Punjab, total cotton arriv

Rhetoric in the global press about Colombia has long been fuelled by its politically strained past. Yet, it is the third richest country in Latin America, has a growing middle class and is a major exporter to the US with exports totalling US$13.8bn in 2016, following the US-Colombia Trade Agreement of a decade earlier. Textile and apparel products are a significant market for Colombia, both domestically and internationally. The country’s second-largest city, Medellin is considered to be the h

Revival of buying interest helped cotton prices move higher on Wednesday as some needy spinners rushed back to replenish their stocks. Some quality lots quoted at higher prices were readily picked up by spinners. Although some deals were materialised at Rs8,000 per maund, the Karachi Cotton Association (KCA) kept its spot rates steady at the overnight level. The ginners are also keen to dispose of their stocks fearing weight loss due to heatwave. According to market sources, around 1

Hennes and Mauritz (H&M) saw its profits plummet once again after unusually cold weather in key European markets brought sales of spring garments down, the Swedish retail giant said Tuesday as it released first quarter results. Net profits for the three months from January were down 44 percent to 1.37 billion Swedish kronor (135 million euros, $168 million) from 2.46 billion this time last year. In Germany, H&M's main market, sales were down six percent. In France, the high-street

The exporters are not much optimistic about the implementation of the Rs180 bn export enhancement package announced by prime minister Nawaz Sharif in December. The package allowed the 4-7 pc rebate to textile exporters across the value chain rewarding value-addition. Besides, imports of cotton and machinery for the industry was also made duty-free to encourage investment for boosting exports. Sohail Pasha, another exporter from Faisalabad, argued that this was the worst period for the textile