Pakistan disbursed Rs 14 billion among the textile sector against claims for Rs 21 billion through the State Bank of Pakistan under the Prime Minister’s Export Enhancement Package till December 21 last year. The Rs 162-billion package was launched to help the sector gain competitiveness in the international market and enhance the country’s textile exports. The government also offered procedural and tax relaxations on the import of textile machinery to modernise the industry and enhance the c

The United States Department of Agriculture revised down both cotton demand and supply in December, relative to projections made in November. 13.17 million bales are now expected to be supplied in the country, down 4.7% relative to 13.82 million bales projected in November. The downward revision in cotton supply was due to a downward revision in cotton production, which more than offsets the gain in imports. Demand for Pakistan’s cotton was also revised downwards in November relative to proje

The State Bank of Pakistan (SBP) on Monday made it clear that all arrangements for using Chinese yuan for bilateral trade as well as financing investment activity between Pakistan and China are already in place. On Dec 19, 2017, Minister for Planning and Development Ahsan Iqbal said that the government was considering a Chinese proposal to use renminbi (RMB or yuan) instead of the US dollar for payments in all bilateral trade between China and Pakistan. The decision was taken after rejecti

Workers check a load of imported leather scraps in Xiamen, Fujian province. LIN SHANCHUAN/Xinhua Recycling experts predict growing chaos in the United Kingdom as materials build up at recycling plants around Britain following China's global ban on importing millions of metric tons of plastic waste. Simon Ellin, chief executive of the UK Recycling Association, a group that represents more than 80 UK recycling organizations, has called for urgent action, saying his members are already seein

China and the United States have met a bumpy start to 2018 as scepticism about Chinese investment and trade are clouding over Washington. The US government rejected a merger by China's Ant Financial with US money transfer company MoneyGram International Inc over national security concerns on Tuesday. It is not surprising that a number of Chinese companies have hit the buffers in Washington as trade tensions between the two countries are flaring. The bonhomie that grew between China and

Walmart will raise orders of Cambodian garments and footwear products this year and will also start buying travel goods manufactured in the southeast Asian nation, according to the company. The announcement follows an escalating diplomatic row between Cambodia and Western nations who have criticised its government’s crackdown on opposition and civil society. In a letter addressed to Cambodia’s minister of labour Ith Samheng in December, Walmart said Cambodia is a key element in the corporati

Leading Italian knitted fabrics producer Eurojersey is inviting visitors to explore the potential and performing innovation of its Sensitive Fabrics at the ISPO Munich international trade fair for sporting goods and sports fashion, which takes place from 28-31 January 2018. The Sensitive Fabrics range is said to allow the creation of garments that are suitable for every occasion. The brand is offering a winning combo of versatility and performance interpreted in a vast range of Sensitive Fabr

The performance textiles market is growing and continuously evolving. Also known as value-added textiles, performance fabrics have an added function such as being hydrophobic, antimicrobial, flexible or flame retardant. Smart textiles and e-textiles are also an advanced form of performance textiles. Also under the performance textiles umbrella there is sportswear, athleisurewear and outdoorwear. Digitisation has a lot to offer the growing performance textile industry. Heinz Eisenbeiss, head o

The knitwear, bedwear and readymade garments have outperformed all other products of textile sector, reporting significant exports growth significantly. This was led by volumetric growth of 21 percent YoY, 7 percent YoY and 9 percent YoY in knitwear, bedwear and readymade garments, respectively. Pakistan Bureau of Statistics (PBS) reported textile exports for the month of Nov 2017, wherein textile exports have clocked in at $1.12 billion, (+7 percent YoY). This growth was primarily led by the

Pakistan Hosiery Manufacturers and Exporters Association (PHMA) Chairman Dr Khurram Anwar Khawaja has appealed to the government to withdraw duty on cotton yarn import in line with the proposed withdrawal of custom duties on raw cotton import from India. “PHMA appreciates the move to withdraw duties and taxes on the import of cotton to encourage the value-addition and also demanded the same relaxation for the import of cotton yarn, which is a raw material for value-added knitwear sector,” he