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Related Keywords: APTMA, APTMA to visit China in May, Chinese delegation visited APTMA, Converting of surplus basic textile into clothing, explore potential of joint ventures, facilitate match making of Chinese investors, increase in exports from Pakistan, inked MoU, investment opportunities, local textile companies, Ministry of Commerce China, textile sector of Pakistan

An MoU was signed between the Ministry of Commerce China, Weihai and the All Pakistan Textile Mills Association (APTMA)on Saturday to explore the potential of joint ventures and investment opportunities in textile sector of Pakistan.

A 20-members Chinese delegation from the Ministry of Commerce Weihai, China visited the APTMA Punjab headed by Ms Zhang Buwen of Shandog Hushan Group was welcomed by Chairman APTMA Punjab Aamir Fayyaz.

The Ministry of Commerce China, Weihai has invited the APTMA to visit China in May this year.

Related Keywords: APTMA, immediate remedial measures, impaired due to heavy taxes and surcharges, research study on Pakistan textile industry, rritants include energy tariff, to achieve textile export target, uncompetitive compared to regional economies, under utilization of power generation capacity and energy shortage, withdrawal of various surcharges

A research study prepared by the All Pakistan Textile Mills Association (Aptma) reports that the Pakistan textile industry is impaired due to heavy taxes and surcharges, rendering it uncompetitive compared to regional economies. As per the report, other irritants include energy tariff, under utilization of power generation capacity and energy shortage.

The export sector is subject to five percent duties, taxes and surcharges, while competitors in India enjoy tax-free regime on exports of textile products. While in Bangladesh and China, levies on exports are around one percent.

Related Keywords: APTMA, drop of cotton arrival, exports to further tumble, external and internal issues, massive reduction in commodity prices, Ministry of Commerce, Pakistan textile export decline, readymade garment and towel exports, registered growth, suspension of gas supply, textile mills of Punjab, weak global demand

Pakistan exported textile commodities worth $961 million during November as compared to $1.13 billion of the corresponding month of the previous year, decline by 14.6 percent due to both external and internal issues going on in the country. Exports Likely to further tumble in the months to come with the suspension of gas supply to Punjab’s textile mills indefinitely by the government, said an official of the All Pakistan Textile Mills Association.

Related Keywords: APTMA, demand remained soft, lackluster trading activity at cotton market, large loss in cotton output this season, lint price not hardened, low quality of cotton fibre, mills facing payment problem, price mostly stable, seed cotton

Trading at cotton market was lackluster as demand remained soft though prices were mostly stable on Thursday. The seed cotton (kapas / phutti) prices in Sindh are said to have ranged from Rs 2000 to Rs 2900 per 40 kgs, while in the Punjab they reportedly extended from Rs 2,000 to Rs 3,000 per 40 kilogrammes according to the quality. Business was reported to have been conducted in moderate quantities.

Related Keywords: APTMA, ban imported yarn and fabrics, call conference of stakeholders, delay in textile bailout package, entire textile chain, evove joint protest strategy, government fail to address non viability, including value added sector, power tariff, restore competitiveness, textile chain was ready for closure

All Pakistan Textile Mills Association (Aptma) to call a conference of stakeholders of the entire textile chain, including value-added sector, this month to evolve a joint protest strategy after having received in writing from hundred textile mills of Punjab to close their units if the federal government fails to address non-viability of the industry and restore its competitiveness.

Related Keywords: Acting Chairman, announce the remaining part of the textile package, APTMA, badly affected, by surge in import of man made fobre yarn, competitors of Pakistan textile industry, fabrics, Pakistan is facing highest energy cost, Pakistan local textile industry, producing at comparatively lower energy cost, safeguar domestic industry, Shahid Mazhar

Pakistan local textile industry badly affected by the surge in import of man-made fibre (MMF) yarns, including polyester, acrylic and fabric, in the domestic commerce. The import of MMF yarns has surged to 72,300 tonnes in 2014-15 against 47,700 tonnes in 2012-13. Similarly, the import of fabric made from MMF yarns has also reached to 562,000 square metres in 2014-15 against 180,000 square metres in 2012-13, according to the Acting Chairman Shahid Mazhar of All Pakistan Textile Mills Association (APTMA) Acting Chairman Shahid Mazhar.

Related Keywords: APTMA, Export Re-Finance Facility rate, ginning and spinning sectors, grey and processed fabric, import of cotton yarn, impose ten percent regulatory duty, Pakistan government, promotion of tax culture, qualify for Long Term Finance Facility, reduced by one percent

After a meeting between Finance Minister Ishaq Dar and a delegation of the All Pakistan Textile Mills Association (APTMA) led by its Chairman Tariq Javed on Saturday, announced the decision of imposition 10 percent regulatory duty on import of cotton yarn and grey and processed fabric from November 1.

Related Keywords: APTMA, B2B meeting, make garments for exporting to European Union, Pakistani fabric manufacturers delegation, participate in Istanbul Fashion Conference, purchase Pakistani fabric, sponsored by DS Concept, Turkish buyers, Turkish trading partners and buyers

Pakistan’s twelve leading companies dealing in fabric lead by Central Chairman of All Pakistan Textile Mills Association (APTMA) Tariq Saud would be a part of the delegation sponsored by DS-Concept to participate in 8th Istanbul Fashion Conference and B2B meetings to take place on October 14 and 15 in Istanbul.

Related Keywords: APTMA, create crisis situation in Pakistan textile industry, demand governemt to slap complete ban, fabrics and garments from India, high rate of duties and Non-Tariff Barriers, import and smuggled textile goods, import of cotton and synthetic-based Indian textile goods, on import of yarns, putting items on negative list

All Pakistan Textile Mills Association (APTMA) concern over the unchecked onslaught of imported and smuggled textile goods has created a crisis situation in the textile industry has demanded of the government to slap a complete ban on the import of yarns, fabric and garments from India by putting these items on the negative list.

Related Keywords: APTMA, delay in announcement of textile package, fresh demand, high cost of doing business, impact on cotton procurement, labour layoff, liquidity crunch, permanent closure of units, supply chian disruption, textile millers, textile sector, to announce package

The delay in the announcement of textile package was having serious aftermath on the textile sector including permanent closure of units, labour layoff, impact on cotton procurement and supply chain disruption, said All Pakistan Textile Mills Association (Aptma) Punjab chapter chairman Aamir Fiaz Sheikh, accompanied by former central chairman S.M. Tanveer, at a press conference held on Saturday.