Pakistan’s textile and clothing exports grew only 0.02 per cent to $1.035 billion in December year-on-year driven by value-added products, the Pakistan Bureau of Statistics (PBS) said on Friday. Export proceeds from the value-added products recorded growth for three consecutive months. The rise in export proceeds is also evident in rupee terms. Last year, the government annou­nced a textile policy that gives a 4pc rebate on the exports of readymade garments on a 10pc incremental increa

The National Assembly’s Standing Committee on the Textile Industry was informed on Tuesday that a large number of textile units have either shut down or relocated to regional countries due to a high cost of utilities. Representatives of the value-added textile sector informed committee members about a number of factors that have put the country’s exports at risk. The members expressed surprise that the K-Electric CEO failed to show up at the meeting being held at Pakistan Hosiery Manufac

Phan Cao Thang, Permanent Vice Chairman of Binh Dinh People’s Committee, has authorised a plan to develop the province’s textile industry till 2025 with orientations to 2035. The key objectives of the plan are to build Binh Dinh’s textile industry into a key economic driver and one of the province’s chief high-quality export suppliers, to slowly synchronise production from input to output and to implement a global standard environment management system. Binh Dinh aims to become the central

In the past 5 years, China's economy has maintained vigorous growth, playing as an active and constructive role in the world. This list shows a set of data which specify China's contribution to the global economy: Global growth, still made in China From 2011 to 2015, China's economic growth has contributed over 25 percent to the global economy. China became the most important engine of the world economic growth, providing a main driving force for global economic recovery. "A few numbers

The Australian Government, Cotton Australia and the Better Cotton Initiative (BCI) have together launched a partnership to support the training of approximately 225,000 cotton farmers in Pakistan, commencing with the 2017 season. The partnership has been established to support Pakistan’s ability to compete in premium international cotton markets. Pakistani farmers will be trained in techniques for growing cotton with a focus on improved environmental, social and economic benefits, in line wi

The European apparel and textile confederation, Euratex, has highlighted the need for European Commission to tackle trade barriers in China and to address sector-specific topics, such as the overcapacities in the man-made fibres and yarns production. Euratex has reiterated that China does not meet the five criteria required to qualify as a market economy. Euratex has welcomed the reflection process carried out by the European Commission over the last months to address the needs of the Europea

In the process of modest trading activity on cotton market on Saturday Cotton prices remain firm. A kind of cautious business was seen on the market as both buyers and sellers preferred to be on the sidelines in the process of trading activity. The official spot rate also was unchanged at Rs 6375, dealers said. In Sindh, seed cotton prices were at Rs 3000-3300, while in Punjab, the phutti rates stayed put at Rs 3200 and Rs 3550, as per 40 kg. Cotton analyst, Naseem Usman observed that some

The Open End Spinning mills plan to stop production from the end of this month with increase in prices of waste cotton, which is the main raw material for open end spinning mills. According to the Open End Spinning Mills’ Association, the price of waste cotton has shot up to Rs 78 per kg this month. Four months ago, price of cotton waste was Rs.60 per kg when the price of cotton was Rs. 146 a kg. Now, cotton prices have gone down to Rs. 112 a kg. But, the price of waste cotton has increase

China's foreign trade situation will remain complicated and grim in 2017 due to mounting protectionism and sluggish external demand, a commerce official said Thursday. The country should shift away from an obsession with fast growth and focus more on structural adjustment while pressing ahead with supply-side structural reform, Sun Jiwen, spokesman for the Ministry of Commerce, said at a press briefing. The country will create "a more law-based, international and convenient business envi

China's foreign trade stabilized and returned to growth in the fourth quarter of 2016, but concerns are looming on rising trade protectionism that is likely to bring uncertainties to the new year's outlook. Total foreign trade value was up 3.8 percent in the last three months of 2016, data from the General Administration of Customs (GAC) showed Friday. For the whole year, total export and import value decreased 0.9 percent year on year to 24.33 trillion yuan, narrowing down from a 7 perc