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| Cotton & Textiles | [1-3 of 3 stories]
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Spot rate down for second day in a row, lint prices fallKARACHI (September 03, 2010): Official spot rate cut continued for the second day in a row on the cotton market on Thursday mainly because of slight improvement in phutti arrivals, dealers said. The Karachi Cotton Association (KCA) official spot rate was trimmed by Rs 200 to Rs 6,300, they said. In the ready business, more than 11,000 bales of cotton changed between Rs 6100-6400, they said.
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Cotton market witnesses moderate activityLAHORE (September 03, 2010): Despite New York cotton futures and lint prices having risen to two and a half year high levels, local lint prices saw only moderate gains in a steady market. Recent decline of ready cotton prices in the domestic market indicates a major correctional factor as they had reached very high levels during the recent past, but now some demand seems to have appeared again.
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Textile sector facing cotton yarn shortageISLAMABAD (September 03, 2010): Minister for Textile Industry Rana Muhammad Farooq Saeed Khan has informed the National Assembly here on Thursday that the textile industry is presently facing shortfall in the supply of cotton yarn in the domestic market due to unprecedented export of yarn in 2009-2010.
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Official cotton spot rate cut to Rs 6,500 on improving weatherKARACHI (September 02, 2010): Official spot rate was lowered on the cotton market on Wednesday as floodwater is going into the sea, dealers said. The Karachi Cotton Association (KCA) official spot rate was dropped by Rs 50 to Rs 6,500, they said. In the ready business over 10,000 bales of cotton changed hands between Rs 6300-6800, they said.
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Electrofair 2010 begins from August 21KARACHI (September 02, 2010): Many exhibitions are being held now-a-days which cater to products ranging from consumer goods to textile and other leading industry. However, it has long been felt that no platform exists in the country, which effectively projects the latest developments in the field of electrical and electronic engineering industry.
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Leather industry facing persistent decline in exports: AghaLAHORE (September 02, 2010): The National Environmental Quality Standards (NEQS) which were fixed at level of 150 mg/liter chemical oxygen demand (COD) are unachievable for the leather industry thus the government should immediately provide interim relief and reduce the NEQ standards to rational level.
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Active buying by mills keeps prices firm on cotton marketKARACHI (September 01, 2010): Steady trend was seen on the cotton market on Tuesday as mills were active to cover the near-term demand, but it looks prices may come down due to improvement in weather condition, dealers said. The Karachi Cotton Association (KCA) official spot rate was inert at Rs 6,550, they said. In the ready business over 12,000 bales of cotton changed between Rs 6550-6850, they said.
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APTMA Punjab issues final list of candidatesLAHORE (September 01, 2010): All Pakistan Textile Mills Association (APTMA) Punjab has issued final list of candidates for annual election, scheduled for September 6, where 182 members would vote for the office of Senior Vice Chairman and nine members of Zonal Managing Committee for the year 2010-11.
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Minister appeals to textile workers to donate one-day salaryKARACHI (September 01, 2010): Federal Textile Industry Minister Rana Farooq Saeed Khan on Tuesday appealed to the nation-wide textile workers and manufacturers of other sectors to donate one-day salary for the relief and rehabilitation of flood affectees.
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Khyber Pakhtunkhwa textile sector included in Prime Minister's fiscal relief packageKARACHI (September 01, 2010): The federal government has announced to include the entire textile sector of Khyber Pakhtunkhwa (KP) in Prime Minister's fiscal relief package to rehabilitate economy in FATA/PATA/KP. According to SBP SMEFD Circular Letter No 13, issued on Tuesday, the federal government has made some amendment in its fiscal relief for Khyber Pakhtunkhwa, FATA and PATA and now Textile Sector would also be eligible for payment of mark-up rate subsidy on business loans for the period from Jan1, 2010 to June 30, 2010.
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