FPCCI requests in writing that the central bank call an urgent meeting to find a solution. Karachi: The government is under increasing pressure to free the containers full of industrial raw materials and other items that have been sitting at ports for months as they wait to be cleared. In a letter to the State …
Industrialists want the goods containers to be released earlier Read More »
ISLAMABAD: Despite dramatically higher energy rates last year, the coalition government increased the circular debt in the power sector by a net Rs419 billion over the first eight months of the current fiscal year, bringing the overall circular debt to Rs2.67 trillion. According to sources in the Ministries of Finance and Energy, on average, the …
Despite a tariff rise, circular debt soars to Rs2.6 trillion Read More »
Notwithstanding a predicted 10-12% on-year decline in revenue due to reduced realizations and subdued exports, India’s cotton yarn spinners are likely to have a 100-basis point improvement in operational profitability to 11–12% in fiscal 2024 (FY24). The operating profitability will still fall short of the pre-pandemic five-year average of 12–13%, but it will increase in …
Cotton yarn spinners in India would become more profitable in FY24, according to CRISIL Read More »
KARACHI: The economic situation in Pakistan is at an all-time low. As a result of the recent inflow of cash from China, the State Bank of Pakistan’s (SBP) foreign exchange reserves are now hovering around the $4 billion mark. According to the SBP, the current account deficit was $500 million in February 2022 and $17.4 …
Mr. Shahid Sattar, Secretary General, APTMA Ms. Noreen Akhtar, Research Associate – Sustainable Development, APTMA Pakistan’s exports-based economy is heavily reliant upon its textile sector. More than 60% of the country’s exports are textiles, and the industry employs 40% of the country’s labor force (International Finance Corporation n.d.). The industry is currently experiencing two crucial …
Expectations for the next six months have increased, and respondents are optimistic about international business in June 2023. Two crucial elements will improve the situation, according to textile makers. “First, the globe is currently in a much better energy condition with a very mild winter in Europe and energy costs in Europe and Asia (particularly …
“The global economy will see a higher growth than expected.” Read More »
According to the Chinese Machinery Industry Association, the country’s machinery sector will grow in 2023. (CMIF). Operating sales for the sector totaled 28.9 trillion yuan in 2022, rising 9.6% annually from the previous year (YoY). Sales income and earnings for the industry are anticipated to increase by 5% YoY in 2023, while export growth will …
China’s machinery industry to grow 5% YoY in 2023: CMIF Read More »
After Holi, there was little activity in the North Indian cotton yarn market. Today’s market in North India saw only moderate purchasing, and dealers said cotton yarn prices stayed the same. They expect any moves only when buyers return to the market in the next week. The downstream industry had relatively little demand. Following Holi, …
Minimal commerce in cotton yarn in northern India; prices may change next week Read More »
From March 5 to 7, 2023, the Shoes Düsseldorf trade exhibition, held at Areal Bohler in Germany, was distinguished by its receptivity to emerging trends. Comparing the event to last year’s version, more foreign visitors were seen. Both exhibitors and visitors loved the trendy, open-plan setting of Areal Bohler and the well-picked ranges of 590 …
Shoes Dusseldorf successfully promotes 590 manufacturers in Germany Read More »
The US imported $9.599 billion of textiles and clothing in January 2023, down 5.7% from the $10.179 billion in January 2022. China continued to be the top supplier to the US, with a share of 27.83%, followed by Vietnam with 14.45%. Yet, during the same period, there was a significant drop in imports from China …
US imports of textiles and clothing fell by 5.7% in January 2023 to $9.6 billion Read More »