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Related Keywords: basic foundation, bridge gap, cotton spinners, encourage value addition, export competitiveness built, PRGMEA, production and consumption, reduce cost of doing business, relax duties on yarn import, textile chain, yarn manufacturer

Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) to encourage value addition, reduce cost of doing business and bridge the gap between production and consumption is urging the authorities to relax duties on yarn import.

PRGMEA official said that the availability of competitively priced and high-quality cotton yarn to value-added textile industry is the basic foundation on which export competitiveness is built.

Related Keywords: cotton arrivals, cotton buyers in Pakistan, cotton imports in Pakistan, cotton prices in Pakistan, cotton spinners, cotton trade, textile exports

On Tuesday, cotton prices in Pakistan slid amid lackluster trade due to lack of buying interest from spinners and higher imports of cotton, whereas, cotton prices in the world markets moved higher.

The spot rate settled at PakRs5,500/maund (37.324 kilogram each), down PakRs50/maund from the previous level. Around 1400 bales of cotton were changed hand in the ready markets of Sindh and Punjab.

Related Keywords: cotton export, cotton spinners, cotton yarn processing, energy saving machines, fabric processing, hank yarn, textile subsidy, the Corporation of India, the South India Spinners’ Association

Spinners are planning to reduce the cost of energy consumed by purchasing new energy efficient motors and energy saving electrical equipment. Therefore, the South India Spinners’ Association has proposed the State Government to provide capital subsidy on these energy saving machines.

Related Keywords: batakari trade provides incomes, boost partronage of locally made clothing, cotton spinners, employment in value chain, Ghanaians wearing Batakari, in collaboration with SADA, latest initiative of government, launched Batakari Friday policy, Ministry of Trade and Industry, on first friday of every month, tailors, World Bank, yarn weavers

The Ministry of Trade and Industry, in collaboration with the Savannah Accelerated Development Authority (SADA) and the World Bank on Friday launched the awaited Batakari Friday policy: the latest initiative of government to boost the patronage of locally-made clothing. Like the Friday wear initiative, Batakari Friday hopes to have Ghanaians wearing Batakari on the first Friday of every month.