Agriculture loss: 118,000 acres is the amount of cotton crop damaged in Punjab during flood and rains in 2013-14. PHOTO: FILE Cotton Commissioner Dr Khalid Abdullah said that the recent floods, water shortage and low market price were the major reasons behind the low production of cotton, adding that Pakistan was likely to miss its production target for year 2013-14. According to a senior official, the government had set the cotton production target at 14.1 million bales for year 2013-14,

A Chinese firm has shown its interest to invest Tk 14 billion forland and infrastructure development of the proposed garmentindustrial park at Bausia in Munshiganj, sources said. The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Knitwear Manufacturers and ExportersAssociation (BKMEA) will jointly form a company by December to signa deal with the Chinese company by this month, they added. "A Chinese firm is willing to fund land and infrastructuredevel

Indian textile industry is confident of achieving good growth and exports to cross US$ 40 billion in the current fiscal, said Confederation of Indian Textile Industry (CITI) chairman Prem Malik, during the eighth edition of the textiles machineries, accessories and spares exhibition ‘TexFair 2013’ in the city of Coimbatore, Tamil Nadu. According to Mr. Malik, garment exports from the country are growing at around 16 percent year-on-year, whereas exports of other textile products from the coun

The Ministry of Industry and Trade of Vietnam, with support from the Vietnamese Embassy in Korea and the Vietnam Textile and Apparel Association (VITAS) collaborated with the Korean Textile Association, and organized a seminar in the South Korean capital city of Seoul, in order to promote cooperation between the two countries in the textiles sector. According to a statement issued by the Vietnamese Ministry of Industry and Trade, the ‘Cooperation in Textiles, South Korea-Vietnam’, was organiz

Textile industry needed basic facilities and incentives to improve performance as the European Parliament (EU) had approved Generalised System of Preference (GSP) plus status for Pakistan, dealers said on the cotton market on Thursday. The official spot rate was unchanged at Rs 6,450, they added. Prices of seed cotton in Sindh per 40 kg gained Rs 50 to Rs 2350-3150, while in Punjab rates followed the same pattern, picking up same amount to Rs 2750-3350, dealers said. In the ready session

All Pakistan Textile Mills Association (APTMA) Punjab Chairman S M Tanveer has said the industry has rationalised its demand for gas during winter to 100 million cubic feet per day (MMCFD) against actual demand of 450 MMCFD while understanding the compulsion of the government on gas supply. However, still, he said, the Sui Northern Gas Pipelines Ltd (SNGPL) has suspended gas supply to the textile industry in Punjab, likely to cause $1.3 billion per month export loss, retrenchment of 3.0 million

In a twin blow to local exporters, the European Union has given special preference for imports from Pakistan, which will allow duty-free access into 27 markets, while withdrawing the concessions for several Indian goods, including textiles and engineering. And, it's the Indian government, not EU, to be partly blamed, for creating this disadvantage for exporters. While India had managed to block similar concessions nearly a decade ago after a challenge at the World Trade Organization, this tim

The country's leather and tannery sector is bearing the brunt of the ongoing political turmoil as frequent blockades and strikes have badly affected their overseas business. Expressing their worries over the prevailing situation, the sector insiders said that the future of the industry would be at stake if the violent political programmes continued for long. The impact of political turmoil on the export of leather and leather goods, which have been among the top three products of Banglades

The apparel buyers have already cut about 30 per cent of their total annual orders citing security concerns in Bangladesh. Their decision followed incessant violent programmes such as, hartals and blockade that disrupted production a d shipment seriously, according to Bangladesh Garment Manufacturers and Exporters Association. BGMEA president Atiqul Islam on Thursday said the apparel buyers expressed deep concerns and conveyed their message to labour, employment and expatriates welfare min

Indonesia Trade Ministry encourages small and medium enterprises (UKM) to enter new market in Myanmar in view of the country’s potential which has been widely opened to other countries’ products. Trade Ministry Director for ASEAN Cooperation Djatmiko Bris Witjaksono said several UKM products with the potential to be sold in Myanmar are fashion and garment products. “Myanmar becomes a new market with makes all sectors from private companies and state-owned enterprises, including banking, en