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Related Keywords: All Pakistan Textile Mills Association, APTMA, chairman S M Tanveer, fresh investment in textile, Pakistan Textile Policy 2014-19, Technology Upgradation Fund Scheme, textile industry in Pakistan

As the Pakistan federal government withheld the notifications of initiatives under the Textile Policy 2014-19 to avail of the terms of Technology Upgradation Fund Scheme (TUFS), the All Pakistan Textile Mills Association (Aptma) has lamented the delay, citing that it is hindering the industry from undertaking BMR and fresh investment initiatives for the textile industry.

Related Keywords: APTMA, Global Textile Market Outlook, joint declaration, labour laws and implementation, Pakistan textil summit, PM Nawaz Sharif, PTEA, sustainability of Textile Sector, textile industry in Pakistan, Textile Ministry, textile sector

The first Pakistan Textile Summit that is jointly organized by the textile ministry, All Pakistan Textile Mills Association (Aptma) and Pakistan Textile Exporters Association (PTEA) is scheduled to be held at a local hotel on November 27 (Tomorrow).

The summit will have detailed discussions on the challenges being faced by the textile sector. There will be three sessions -- Textile Industry in Pakistan, Global Textile Market Outlook and Sustainability of Textile Sector.

Related Keywords: cotton spinning facility in Pakistan, Faisalabad Industrial Estate Development and Management Company, FIEDMC, Largest textile mill in Pakistan, Shandong Ruyi Technology Group, textile industry in Pakistan

China’s fifth largest textile company, Shandong Ruyi Technology Group is investing US$2 bn to set up the largest cotton spinning facility in Pakistan. It has already bought 1,036 acres of land out of the total area of 4,500 acres in an industrial zone operated by the Faisalabad Industrial Estate Development and Management Company (FIEDMC),

Related Keywords: demand for yarn in Pakistan, spun yarn industry in Pakistan, textile industry in Pakistan, yarn demand from China, yarn production in Pakistan, Yarn spinners in Punjab

Yarn spinners in Punjab region are headed for another crisis which can force them to stop production or to close down factories to avoid losses. A mix of domestic and regional factors has been forcing many spinners to stop buying cotton and production until the market stabilises. This has led to unsold stock to pile up at ginners.

Regional issues that have made domestic yarn spinning unviable include slowing demand from Chinese demand for Pakistani yarn and a five per cent rebate allowed by India on its yarn exports since January.

Related Keywords: European Union, GSP Plus status, textile export from Pakistan, textile industry in Pakistan, textile manufacturers in pakistan, value added textile products

The textile industry in Pakistan is getting ready to take advantage of the GSP Plus status granted by the European Union to the country. At two listed textile companies have made significant expansion to increase the production of yarn, the basic raw material of the value-added textile products. Textile manufacturers are eyeing the GSP Plus status to come in to effect from January 2014, which will potentially result in increased textile exports.

Related Keywords: European Union, Gas supply to textile industry, Generalised Scheme of Preferences plus, International Trade Committee, Pakistan textile, textile export in pakistan, textile industry in Pakistan

Things are getting bad to worse for the textile industry in Pakistan. Exports growth was already down to a mere 0.4 per cent in October and may even decline in coming months if the government suspends gas supply for the next three months from December to February. According to reports, the ministry of petroleum and natural resources is likely to move a note to the Economic Co-ordination Committee (ECC), seeking suspension of gas supply to the industry for three months.