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textile sector

Value-added textile sector blames PDM govt for country’s economic woes

KARACHI: Score of value-added textile associations on Wednesday blamed the PDM government for the present...

Published 23 Mar, 2023 05:47am

Jul-Feb textile group exports dip 11.09pc YoY

Exports remain at $1.180 billion when compared to $1.684 billion during the same month of last year

Updated 18 Mar, 2023 09:19am

Business & Finance

‘Gold Sponsor’ Alibaba concludes its participation in Textile Asia fair

KARACHI: Alibaba, an ecommerce giant, has concluded its participation as Gold Sponsor in the 24th edition of South...

Published 16 Mar, 2023 06:01am

Business & Finance

Industrial, commercial bodies hold rally against govt policies

FAISALABAD: The heads and representatives of industrial and commercial organizations rejected these policies due to...

Published 09 Mar, 2023 06:23am

Business & Finance

FD raises objections over 5Es Framework for enhancing exports

ISLAMABAD: The Finance Division has raised objections over the 5Es Framework for enhancing exports, while saying ...

Published 06 Mar, 2023 07:45am

Markets

Over 4.8m cotton bales reach ginneries: Cotton spot rate firm after PCGA report

LAHORE: The local cotton market on Friday remained steady and the trading volume remained low. Cotton Analyst...

Published 04 Mar, 2023 06:10am

Markets

Cotton arrival dips 34.5% year-on-year

Total cotton arrival in Pakistan declined to 4.875 million bales as of March 1

Updated 03 Mar, 2023 04:20pm

Business & Finance

Textile exporters threaten to close units if RCER withdrawn

FAISALABAD: Textile exporters have threatened to shut down their units and start protest from next week if ...

Published 21 Feb, 2023 05:57am

Markets

Cotton arrival plunges 36% year-on-year

Decline attributed to flash floods which devastated large swathes of agricultural land

Updated 03 Feb, 2023 06:56pm

Markets

Pakistan's Nishat Mills says it will acquire 100% of Denmark’s Wernerfelt A/S

Textile giant Nishat Mills (NML) on Friday said its board has decided to acquire Wernerfelt A/S, a Danish...

Updated 20 Jan, 2023 08:03pm

Markets

Cotton import restrictions: APTMA seeks Dar’s intervention

The All Pakistan Textile Mills Association (APTMA), has sought “direct intervention” of the Federal Minister for...

Published 12 Jan, 2023 05:46pm

Markets

Cotton arrival declines 37% year-on-year

As of Jan 1, 2023, total arrival declined to 4.61 million bales compared to 7.347 million bales in the same period last year

Published 03 Jan, 2023 01:07pm

Markets

'Temporary measure': Another Pakistani textile firm cuts production by up to 50%

Crescent Fibres Limited says it will restart production as soon as demand improves

Published 03 Jan, 2023 12:56pm

Markets

Nishat Chunian to partially shut down operations after one month

Cites current market conditions as reason in notice to Pakistan Stock Exchange

Updated 28 Dec, 2022 04:32pm

Markets

APTMA rejects reports over closure of textile mills across Pakistan

Association says any decision to shut down the entire industry would be disastrous and irresponsible

Updated 26 Dec, 2022 07:19pm

Markets

APTMA says textile exports may fall below $1bn a month from Jan 2023

In letter addressed to PM Shehbaz, association says sector operating at capacity utilisation of less than 50%

Updated 23 Dec, 2022 07:42pm

Markets

Kohinoor Spinning Mills announces temporary shutdown as downturn bites

Rising cost, low demand taking toll on Pakistan’s textile sector

Published 14 Dec, 2022 03:42pm

Exports, imports and remittances: Value-added textile sector seeks separate forex rates

Representatives of the value-added textile sector say the fragile economy has outgrown the cost of manufacturing

Updated 11 Dec, 2022 12:34pm

Business & Finance

APBUMA team attends ICAC seminar in Washington

FAISALABAD: The Annual seminar of the International Cotton Advisory Committee (ICAC) was held in Washington. It was...

Published 09 Dec, 2022 05:58am

Editorials

Textile exports left to wither

EDITORIAL: It increasingly appears as if nothing is going right in Pakistan. At the time when every dollar inflow...

Published 08 Dec, 2022 05:58am

Opinion

ESG and country’s textile industry

Pakistan’s textile sector is experiencing a rising requirement from the global community of buyers to enhance...

Published 07 Dec, 2022 05:54am

Business & Finance

KATI chief slams RD imposition on yarn, thread

KARACHI: President of Korangi Association of Trade and Industry (KATI) Faraz-Ur-Rehman rejected the government’s...

Published 06 Dec, 2022 07:25am

Business & Finance

Value-added textile sector seeks early release of Rs300bn ST refunds

KARACHI: The value-added textile sector on Thursday stepped up to seek an immediate release of an estimated Rs300...

Published 25 Nov, 2022 05:48am

Pakistan

LG polls in Sindh: ECP decision to be placed before cabinet, says Wahab

KARACHI: Sindh Chief Minister’s Adviser on Law Barrister Murtaza Wahab on Wednesday said the provincial government...

Published 24 Nov, 2022 04:28am

Markets

Business community urges govt to provide continuous gas supply to export units

KARACHI: The business community Thursday urged the government to provide gas 24/7 without any hurdle to the export...

Published 18 Nov, 2022 05:53am

Business & Finance

Exports may decline by $5bn: Properly managing textile sector getting tough for govt: HCCI

HYDERABAD: President of the Hyderabad Chamber of Commerce and Industry (HCCI) Adeel Siddiqui has said that the...

Published 31 Oct, 2022 06:55am

Opinion

Textile sector: sustainable business practices

One of the most important industrial sectors, the textiles industry contributes significantly to national economies,...

Published 30 Oct, 2022 03:57am

Opinion

Pakistan’s exports in the doldrums

Subsidies such as those relating to power tariffs have been the lifelines of our export industry, notably the ...

Published 29 Oct, 2022 05:55am

Opinion

Energy prices: industry begins to buckle?

The World Bank’s latest Pakistan Development Update released in October 2022 highlights the rapid rise in ...

Updated 19 Oct, 2022 06:26am

Opinion

A regressive interest rate policy

Against the backdrop of international price hikes and unprecedented floods, the economic outlook for Pakistan in the...

Published 13 Oct, 2022 05:59am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Mar 31 786 Investments Limited(786)	4.95 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Mar 31 Al-Abbas Sugar Mills Limited(AABS)	345.20 ▼ 0.00 (0.00%)
Agro Allianz / Mar 31 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 31 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 31 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 31 Allied Bank Limited(ABL)	61.80 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 31 Abbott Laboratories (Pakistan) Limited(ABOT)	411.94 ▼ 0.00 (0.00%)
Abson Ind. / Mar 31 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Mar 31 Alfalah Consumer Index ETF.(ACIETF)	6.46 ▼ 0.00 (0.00%)
Attock Cement / Mar 31 Attock Cement Pakistan Limited(ACPL)	56.12 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Mar 31 786 Investments Limited(786)	4.95 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Mar 31 Al-Abbas Sugar Mills Limited(AABS)	345.20 ▲ 0.00 (0.00%)
Agro Allianz / Mar 31 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Mar 31 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Mar 31 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Mar 31 Allied Bank Limited(ABL)	61.80 ▲ 0.00 (0.00%)
Abbott Lab. / Mar 31 Abbott Laboratories (Pakistan) Limited(ABOT)	411.94 ▲ 0.00 (0.00%)
Abson Ind. / Mar 31 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Mar 31 Alfalah Consumer Index ETF.(ACIETF)	6.46 ▲ 0.00 (0.00%)
Attock Cement / Mar 31 Attock Cement Pakistan Limited(ACPL)	56.12 ▲ 0.00 (0.00%)

Stock	Volume
Telecard Limited / Mar 31 Telecard Limited(TELE)	6,211,500 ▲ 0.00
Pak Elektron / Mar 31 Pak Elektron Limited(PAEL)	6,152,500 ▲ 0.00
Engro Corp / Mar 31 Engro Corporation Limited(ENGRO)	5,429,492 ▲ 0.00
WorldCall Telecom / Mar 31 Worldcall Telecom Limited(WTL)	4,946,279 ▲ 0.00
Agha Steel Ind. / Mar 31 Agha Steel Ind.Ltd(AGHA)	3,689,500 ▲ 0.00
K-Electric Ltd. / Mar 31 K-Electric Limited(KEL)	3,416,092 ▲ 0.00
Oil & Gas Dev. / Mar 31 Oil & Gas Development Company Limited(OGDC)	3,343,193 ▲ 0.00
Bankislami Pak. / Mar 31 BankIslami Pakistan Limited(BIPL)	2,894,500 ▲ 0.00
Maple Leaf Cement / Mar 31 Maple Leaf Cement Factory Limited(MLCF)	2,381,150 ▲ 0.00
Pak Petroleum / Mar 31 Pakistan Petroleum Limited(PPL)	2,371,780 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 30	285.65
USD PKR Interbank Buying / Mar 30	283.65
USD to Japanese Yen / Mar 30	132.94
USD to Swiss Franc / Mar 30	0.91
Pound Sterling to USD / Mar 30	1.24
Euro to USD / Mar 30	1.09
UK LIBOR % / Mar 30	4.81

Stock	Volume
India Sensex / Mar 29	57960.09
S&P 500 / Mar 30	4050.83
Tokyo Nikkei / Mar 30	28030.26
Nasdaq / Mar 30	12013.47
Hang Seng / Mar 30	20675.05
FTSE 100 / Mar 30	7620.43
Dow Jones / Mar 30	32859.03
Germany DAX 30 / Mar 30	15522.40
France CAC40 / Mar 30	7263.37

Item	Value
Crude Oil USD/Barrel / Mar 30	74.42
Karachi Cotton PKR/37.32 KG / Mar 30	18935
Gold 10 Grams PKR / Mar 30	178241
Gold Spot USD/Ounce / Mar 30	1982.35
Cotton US¢/pound / Mar 30	83.35

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