All
 

 

Just in:  

You are here: Home»Cotton & Textiles»Pakistan

Cotton and Textiles: Pakistan

Archive: 

Some leading mills and spinners were on the sidelines on the cotton market on Saturday, causing a fall in the volume of business, dealers said. The official spot rate maintained overnight level at Rs 4,800, they added. In the ready session, around 15,000 bales of cotton changed hands between Rs 4600-5100, they said. In Sindh, rates were unchanged at Rs 1600 and Rs 2400, in Punjab prices firmly held the overnight levels at Rs 2200 and Rs 2600, they said.

Pakistan Yarn Merchants Association (PYMA) Central Chairman Khalil Qaisar Shamas Guccha has said that to achieve the export target of 26 billion dollars, regular supply of gas to the textile industry on preferential basis was most essential. Talking to newspersons here on Saturday he said that textile exports earn 50 percent of total foreign exchange for the country. The exports for the last five months were continuously recording negative figures.
Leading mills and spinners continued normal buying on the cotton market on Friday in the process of trading, dealers said. The official spot rate resisted further decline by Rs 50 to Rs 4,800, they added. In the ready session, around 23,000 bales of cotton changed hands between Rs 4400-5100, they said. In Sindh, rates were unchanged at Rs 1600 and Rs 2400, in Punjab prices firmly held the overnight levels at Rs 2200 and Rs 2600, they said.
APTMA and Better Cotton Initiative (BCI) Chief Executive Patrick Charles Laine have signed a memorandum of understanding (MoU) to implement joint and synergetic activities to mainstream sustainability in cotton production in Pakistan. Chairman APTMA Punjab Seth Muhammad Akbar and Vice Chairman APTMA Wisal Monnoo alongwith members were also present on the occasion.
The General Body meeting of Pakistan Cotton Ginners Association (PCGA) on Friday remained divided on the issue of observing strike and decided to defer the protest call for a week. It was decided that the PCGA would continue its efforts to convince the Trading Corporation of Pakistan (TCP) to purchase cotton of all grades instead of stressing on 1-1/16 staple lint, as cotton of this standard was not available in the market.
The country's textile exports have witnessed an increase of 6.51 percent during October 2014 as compared to the corresponding period of last year, according to the data released by Pakistan Bureau of Statistics here Friday. The provisional data on external trade for the first four months of current fiscal year, released by PBS, showed that the total textile exports were recorded at $1,180 million in October 2014, up by 6.51 percent over $1,108 million for the same month of last fiscal year.
Pakistan Tanners' Association and Pakistan Footwear Manufacturers Association have been jointly embarked on holding of first Pakistan Mega Leather Show-2015 in Lahore. Pakistan Mega Leather Show-2015 is a much awaited event in the leather business circles of the country. All time big event of leather sector, the "1st Pakistan Mega Leather Show" will be held on 6-8 March 2015 at Lahore Expo Centre.

 



 
Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln