The Pakistan Mega Leather Show 2015 on Saturday hosted a group dialogue between Pakistan and India on "South Asia-India-Bangladesh-Pakistan: next hub for leather footwear" at the Lahore Expo Centre. Chairman, Council of Leather Exports, India M Rafique Ahmed who was also present at the discussion briefed the participants about the incentives being enjoyed by the leather industry in India. He also talked about the future plan to impart technical skill to the people in India so that leather se

Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has urged the government to convince the Turkish government to waive off 42.2 percent safeguard measures duty on Pakistan's apparel imports. The government is involved in trade negotiations with Turkey under a proposed free trade agreement these days. PRGMEA Central Chairman Ijaz Khokhar is worried over the reduction in apparel exports to Turkey on account of imposition of safeguard measures duty on textile imports

An installation made of sock textiles is on display at a demonstration hall of the local sock-making industry in Zhuji, Zhejiang province, in February. [Photo/Agencies] China faces 'formidable challenges', says Li China plans to lower the annual GDP growth target to around 7 percent from 7.5 percent, the slowest in 22 years, in light of the ongoing property downshift and deflation headwinds, according to a draft government work report delivered by Premier Li Keqiang on Thursday to the Nati

Apparel export earnings showed 2.56% growth in the first eight months of the current fiscal year, EPB provisional data shows, despite supply chain disruptions in the last two months in the wake of the countrywide political violence. Police escort has helped the RMG exporters to a large extent to ship their products on time. The RMG manufacturers however claimed they had to face setbacks in sending products to Chittagong for shipment due to security problems. The figures, however, showed po

Prices were steady on the cotton market on Wednesday as spinners and some exporters remained in the forefront to replenish their stocks with quality lint. Though ginners’ body report on cotton production has been encouraging, higher consumption of cotton by the textile industry is resulting in shortage of quality lint which is causing frustration among spinners, brokers said. Consequently, even falling prices in the world market including New York cotton and Chinese markets could not impac

German sportswear company Adidas expects robust sales growth in 2015 as its golf business improves and consumer confidence recovers, while net profit should rise faster still despite exchange rate hits and higher marketing spending. The world's second-biggest sportswear group after Nike hopes to more than compensate for the non-recurrence of sales from last year's soccer World Cup thanks to strong momentum at its main Adidas and Reebok brands, a recovery at its revamped golf unit and an expan

The mPedigree network, a global leader makes use of mobile and web technologies in securing products against faking, counterfeiting and diversion has introduced a new technology, the Goldkeys Technology to fight against piracy in Ghana’s textile industry. The Goldkeys technology, is part of a new campaign to end the age-long canker in the local textile industry of Ghana. The new technology will help textile dealers to authenticate original textile products by attaching scratch-labels with co

Several global apparel retailers have recently canceled trips to Bangladesh as political standoff continues, which analysts say could result in shift of orders to other competitors. Over the last two months, representatives from retailers such as GAP, American Eagle, Pinkie, Okidi and Promote suspended scheduled visits, industry insiders said. The visit suspension has created fear among local manufacturers of taking away orders from Bangladesh and shifting to competitors like Vietnam, acco

An increase in service tax will increase overall manufacturing cost of garments, said R K Dalmia, Chairman, The Cotton Textiles Export PromotionCouncil (TEXPROCIL). Expressing displeasure over the Finance Minister Arun Jaitley's proposal to increase service tax to 14% from existing12.36%, the apex textilebody says despite textile being the highest employment generator, the government neglected the sector in the Union Budget. Source: Business Standard.

Persistent demand for quality lint boosted the rates on the cotton market on Wednesday in the process of trading, dealers said. The official spot rate maintained overnight level at Rs 5000, dealers said. In the ready session, nearly 10,000 bales of cotton changed hands between Rs 4200 and Rs 5250, they said. The prices of seed cotton in Sindh were at Rs 1800 and Rs 2350 and in Punjab the rates of phutti were at Rs 2000 and Rs 2600, they said. Commenting on the gradual rise in rates, cotton a