News Tags

Related Keywords: energy crisis, export target, long term initiative, Ministry of Textile Industry, new textile policy, Pakistan textile industry, Pakistan textile policy 2009-14, short term support action, Textile production, value addition, yarn production

The Pakistan Textile Policy 2009-14 has failed bleakly to achieve its target of doubling exports of the country’s textile industry. The plan comprised short-term support actions and long-term initiatives aimed at promoting value addition on a wider scale.

When the policy was unveiled, textile exports were touching $12 billion in 2009-10. Fast forward to 2012-13, the figure went up slightly at around $13 billion. However, the shipments were nowhere near the target of $25 billion.

The textile industry has an 8% share in the gross domestic product (GDP) of the country.

Related Keywords: APTMA, Pakistan textile industry, Technical textile, Yantai Chamber of Commerce

Head of Yantai Chamber of Commerce, China Du Yonggang during a visit to APTMA Punjab on Thursday said that the visit of Chinese delegation to APTMA has improved understanding of Pakistan’s textile industry among Chinese businessmen.

He expressed the hope that Chinese prospective investor will analyze the information provided by APTMA and decide undertaking investment in Punjab. Various industry projects including technical textile could be the prospective future cooperation between China and Pakistan.

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: Danish technology and knowledge, Pakistan business delegation, Pakistan textile industry, power issue, visit Denmark, wind and solar energy

A top Pakistani business delegation has left here for a week-long visit to Denmark for exploring the possibilities of cooperation with their Danish counterparts in the field of wind and solar energy which will to a great extent help resolve the power issue faced by the textile industry, backbone of its economy.

Pakistan's textile industry plays a pivotal role in the country's economy and it need to overcome numerous obstacles in order to hold its position.

Related Keywords: APTMA, boost textile export, China demand, cotton farmers, foreign market, lower cotton acreage, Pakistan textile industry, phutti rates, revival in yarn

The revival in yarn demand from China is a good omen for the Pakistan textile industry giving a boost to textile exports. The resurge in yarn demand has come as a sign of relief for the exporters who were worried over the waning global demand during the past one year, according to Seth Akber, senior vice chairman of All Pakistan Textile Mills Association (Aptma).

Related Keywords: energy managment system, German International Cooperation, GIZ, Pakistan textile industry, save 10MW electricity, Sustainable Production Centre, textile mills in Pakistan

The Pakistan textile industry in collaboration with German International Cooperation (GIZ) through implementation of Energy Management System in several mills has achieved target of saving over 10MW electricity. APTMA and GIZ cooperation was started back in 2008.

Related Keywords: GSP Plus facility, Pakistan textile export, Pakistan textile exporters association, Pakistan textile industry, Policymakers, Sheikh Ilyas Mahmood

Pakistan textile exports recorded a 2.37% decline in July over the same month of the previous fiscal year and a month-on-month drop of 7.89% in July alone. Power crisis was the major reason for the decline in exports as 50% of the industry’s production capacity took a hit due to the lack of energy supply.

Textile exports has witnessed and it is likely that the export numbers in the coming months might get even uglier as the textile industry in Punjab has remained deprived of fuel, as per Sheikh Ilyas Mahmood, the PTEA chairman

Related Keywords: All Pakistan Textiles Mills Association, experience drop, fabric production, high power consuming sector, pakistan spinning sector, Pakistan textile industry, pakistan weaving industry, textile export, textile trade body

Pakistan’s all high power consuming sectors weaving and spinning registered a drop in exports by 2.37 percent in July due to power supply and instability prevailing in Pakistan. But the share of textiles in total exports of Pakistan has improved to 64 percent in July, according to textile trade body.

Related Keywords: FDI, foreign importers, global investor, international market, Pakistan textile industry, textile export

According to the State Bank report, there is 80 percent decline in the FDI, in July FDI dropped to just $24 million from $119m in the same month last year.

With Pakistan facing sharp decline in FDI, it is likely to break the confidence of foreigners willing to invest, particularly while the neighbouring India looks more attractive with $28 billion FDI in 2013.

The government has already completed 14 months in power, in fact struggling hard to invite foreign investors. But the result seems extremely poor so far.

Related Keywords: althernative power solution, energy crisis, lower average cost of power, Pakistan textile industry, power issue entrepreneurs, save prodction cost, solar

With Pakistan textile industry facing energy crisis to overcome to this power issue, entrepreneurs in Punjab have step up efforts for alternative power solutions by going solar, this will lower the average cost of power that has turned the textile sector unviable.