Federal Minister for National Food Security and Research Sikandar Hayat Khan Bosan, during his meeting an Italian business delegation on Wednesday, said that to achieve better production, duties had already been brought down from 43 percent to 9 percent. However, Pakistan is considering to further decrease import duties on machinery in order to improve production of textiles and other leather apparels. The ministers expressed his desire and resolve to make the agriculture sector modern by

Readymade garment sector has called upon the National Board of Revenue to reduce tax at source to 0.3% from existing 0.6% on export of apparel products. It also requested the NBR to consider it to be the final settlement from the budget for fiscal year 2016-17. Representatives from Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association (BGAPMEA), Bangladesh Jute Goods Exporters Association an

A Swedish company, Sustainably Yours Ltd, has rolled out its leather products brand Sandlund/Hossain in the international markets. The firm that has operations in Bangladesh aims to establish an environment-friendly leather and leather goods production chain within three years. Civil Aviation and Tourism Minister Rashed Khan Menon inaugurated the brand at a ceremony at Nordic Club in Dhaka on Wednesday. Johan Frisell and Hanne Fugl Eskjær, ambassadors of Sweden and Demark, were also presen

Union Textiles Minister, Santosh Kumar Gangwar who is also the Chairman of All India Handloom Board speaking at the first meeting of the recently constituted All India Handloom Board was held in New Delhi, on 19th April said that the Government is committed to develop and promote handloom sector. He gave an overview of the various initiatives being taken by the Government for the development of the sector. The Minister conveyed to the Board members that the Government under the leadership of

Turkey to hit anti-dumping duties on U.S. cotton imports, the decision to introduce tariffs has been widely expected since Turkey's Economy Ministry said in February that U.S. cotton was hurting the country's domestic industry, a U.S. industry trade association said on Monday, fraying relations between one of the world's top fiber growers and one of its biggest customers amid weak global prices and demand. Imports on a cost, insurance and freight (CIF) basis will incur dumping duties of 3 per

A 15-member Jordanian business delegation from the Amman Chamber of Commerce (ACC) and the Textile & Ready-Made Clothes Syndicate which visited the first-ever textile-sector specific exhibition 'Texpo', organised by Trade Development Authority of Pakistan (TDAP), has been impressed with the quality and prices of the textile products in the exhibition. The delegation was led by ACC board member Marwan Ghaith, and Sultan Allan, the syndicate's president. “The Jordanian businessmen were v

Sweden's re:newcell AB has announced that they have started the construction of their demonstration plant, where a completely new way of recycling cotton will revolutionise the fashion industry. With the company's newly developed technology, old textiles such as jeans or t-shirts, can be converted into new textile pulp. Such re:newcell pulp is then used to produce new clothes. The factory is located inside the AkzoNobel facility in Kristinehamn, Sweden, and is expected to be completed during the

Cotton production has dropped 34.28 per cent to 9.768 million bales so far from 14.864 million bales produced last year, a shortfall of over five million bales, suggested data released by the ginners association on Monday. The Pakistan Cotton Ginners Association (PCGA) in its latest fortnightly report said that Punjab alone suffered a loss of 4.88 million bales (44.88pc) at 6m bales up to April 15 over the same period last season owing to last year’s rains and floods coupled with pest attack

Annual clothing sales in China will exceed $300 million in 2019, up 25 per cent from 2014. In comparison, apparel sales in the US are estimated to hit $267 million in three years, meaning China will surpass the US as the world's largest apparel market by the end of the decade, according to a report by SinoInteractive, a China-based PR company. The report, which compared industry performance in the world's two largest economies, says that despite the strengthening of the Chinese yuan and risin

Swiss technology group Oerlikon has announced that it has signed an agreement to acquire the entire staple fibres technology portfolio of Trützschler Nonwovens & Man-Made Fibres GmbH which is a part of the German Truetzschler Group, a specialist in fibre preparation for the yarn spinning and nonwovens industries. The acquisition expands the Manmade Fibres Segment's technology portfolio and opens up access to new customers in the market for synthetic staple fibres, Oerlikon said in a press re