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Related Keywords: downward trend, influenced by world cotton market, Karachi Cotton Association, kept cotton prices under pressure, lack of buying interest, local textile industry, lower level, market remained devoid of much needed activity, revival of buying interest, second consecutive day on Wednesday, spot rate

The lack of buying interest from local textile industry influenced by world cotton markets’ downward trend, kept cotton prices under pressure for the second consecutive day on Wednesday. Although there was a revival of buying interest at the lower level yet the market remained devoid of much-needed activity.

Related Keywords: cotton yarn, delay in disbursement, downward trend, European Union, export of knitwear, export refund claims, exports declined, GSP, ICST, international market, Islamabad Chamber of Small Traders, largest foreign exchange earning sector, Pakistan textile exports, Preferential market access, raw cotton, shortage of electricity, textile owners

Pakistan’s textile exports, the largest foreign exchange earning sector is facing a downward trend by 12.11 percent in the current year. Exports have declined to $8363 billion this year. Although the country is reaping the benefits of GSP, it has shown bleak performance in the export sector over which the Islamabad Chamber of Small Traders (ICST) on Sunday expressed deep concern and terming it unacceptable.

Related Keywords: all the stakeholders, cotton output target, develop coordinated strategies, downward trend, during this season, enhance capacity about best crop management practices, for next season set, organize awareness-building seminars for farmers, owing to pest attacks, Pakistan cotton production, rainfall, Textile Industry

Pakistan cotton production which is on the downward trend from 33.62 percent to 9.687 million bales during this season to February 15 owing to pest attacks and rainfall damaging the crop. The government aimed at 15.49 million cotton bales in the beginning of the current season. But for the next season, Pakistan government has set the cotton production target at 14.101 million bales, on Tuesday.

The federal committee on cotton (FCC) fixed the cotton production target from 3.009 million hectares across the country for the fiscal year of 2016/17.

Related Keywords: All Pakistan Textile Manufacturing Association, basic textile export, cotton cloth and cotton yarn, downward trend, energy constraint, Pakistan policy maker, Pakistan textile industry

Pakistan textile industry exports are facing tough time in basic textile due to energy constraints, particularly in Punjab. It has been witnessing a downward from the last five months of 2014 (April-August) as per the latest data.

All Pakistan Textile Manufacturing Association (APTMA’s) newly elected central chairman S M Tanveer, who will assume the charge of his office on 30th of Sept. It is to be noted that the Election Commission APTMA announced unofficial election of S M Tanveer for the office of central chairman of All Pakistan Textile Manufacturing Association for 2014-15.

Related Keywords: downward trend, fabric-knitting machine, Jacquard machine, manufacturing players, Noida textile machinery, order booking, Registered textile machinery-manufacturing units, Textile machine, thinned down, twin townships, UPSIDC, weaving and spinning machines

The textile machine manufacturing players who earlier witnessed order booking in double digit on a daily basis, in last few quarters have seen it go down to weekly and fortnightly. Along with revenues, the profit margins too have thinned down to single digits. This has led to trimming down the staff.