Category Archives: Industry News

Cotton arrival at ginneries cross 10 mn bales: PCGA

Over 10.132 million bales of cotton have arrived in 2017-18 season at various ginneries in Pakistan, as on December 1, 2017, up 3.62 per cent over arrival of 9.778 million bales during the corresponding period of last season, according to the latest fortnightly report on cotton arrivals, released by Pakistan Cotton Ginners’ Association (PCGA).

In the major cotton producing province of Punjab, total cotton arrivals decreased by 0.83 per cent year-on-year to 6.107 million bales, according to the report prepared by PCGA, in joint cooperation with All Pakistan Textile Mills Association (APTMA) and the Karachi Cotton Association (KCA). While in Sindh province, cotton arrivals increased 11.18 per cent to 4.024 million bales as on December 1 during the ongoing cotton season 2017-18.

Of the total arrival of 10.132 million bales at various ginneries in Pakistan, 9.281 million bales were pressed by ginners, of which 8.274 million bales were sold, leaving an unsold stock of 1,006,991 bales with the ginners, as on December 1, according to the data.

The textile mills in Pakistan consumed 8.062 million bales, while another 211,989 bales of cotton were sold to exporters, according to the data. The Trading Corporation of Pakistan (TCP) has not procured any bale of cotton so far this season.

As of December 1, a total of 666 ginning factories were operational in Punjab compared to 566 ginneries that were operational during the same time last season. Similarly, 294 ginning units were operational in the Sindh region, compared to 222 operating units during the corresponding period last year.

 

Source: www.fiber2fashion.com

Textile exports up by 7.91pc in first quarter

ISLAMABAD – Pakistan’s textile exports went up by 7.91 percent during first quarter (July-September) of the current fiscal year.

Pakistan exported textile goods worth $3.3 billion during July-September period of the FY2018 as against $3 billion of the same period of the last year. Handsome growth in textile exports pushed the overall exports to $5.2 billion during July-September of FY2018 from $4.7 billion of the corresponding period of the previous year, according to PBS.

Textile exports had shown increase after a long due to the Prime Minister’s incentives package to boost exports. All Pakistan Textile Mills Association (APTMA) had recently met with Prime Minister Shahid Khaqan Abbasi and asked to formulate a long-term policy on textile exports to attract investment in the sector and boost the sliding exports. “Textile exports can further increase if government approves our recommendations,” said a representative of APTMA while talking to The Nation. He further said that Prime Minister had assured us to consider our recommendations for approval.

The PBS data showed that exports of readymade garments grew 15.97 percent to $608 million in July-September on annual basis. Exports of knitwear posted a growth of 9.35 pc to $647.7 million in July-September of the FY2018. Meanwhile, a rise of over 7.19 pc was noted in bedwear exports that amounted to $567 million.

On the other hand, exports of cotton yarn fell by 3.44pc. Similarly, exports of cotton carded dropped by 100 percent in the first three months of 2017-18.

Meanwhile, exports in food sector increased by 17.52 percent to $742.4 million during July-September of FY2018. When looked separately, it was revealed that following food commodities’ exports recorded negative growth: rice by 31.95 percent; fish 17.64pc, wheat 100pc, oil seeds, nuts and kernals 60.67pc, sugar 100pc and all other food products by 6.11 percent.

Meanwhile, exports of fruits declined by 24.37 percent, vegetables 0.99pc, tobacco 18.86pc, spices 9.81pc and meat and meat preparations 15.6 percent during July-September.

According to the PBS, the exports of petroleum and coal products increased by 100 percent; manufacturing products by 8.39 percent, while the exports of leather products enhanced by 3.95 percent during July-September of the current financial year.

 

Source: www.nation.com.pk

Kurai asks businessmen to export textile items to Japan

Pakistani textiles articles should be exported to Japan in order to reduce the import-export deficit, stated Takashi Kurai, Ambassador of Japan to Pakistan, at a public talk held at the Institute of Strategic Studies on Tuesday. Pointing towards import-export gap between bilateral trade, the ambassador urged that Pakistani textile items should be exported to Japan. Security, infrastructure and business environment are the key factors to grow the bilateral trade, he added.

Talking about the China-Pakistan Economic Project (CPEC), he said that Japanese are not against it and they have always appreciated the initiative. However, he was of the view that they believe whatever project is carried out should be based on transparency, openness and accountability. Japan has made it clear that they may be open to help in furthering the project, he added.

He said, “Japan-Pakistan relations are embedded in business, aid, politics and security. The hospitality and humanitarian values of people of Pakistan have served to clear the prevailing misperceptions about Pakistan.” Takashi Kurai said that Japan assigns high value to its bilateral relations with Pakistan since the nature of their cooperation is multidimensional. He discussed the bilateral relations at length and pointed out that Japan has helped Pakistan in the areas of humanitarian assistance, social security and infrastructure development. He said, “Of these projects, Indus Highway is the flagship project which connects Peshawar to Karachi, stretches across 1200km, being carried out with the assistance of Japan. It will be completed in June 2018.”

Speaking about Official Development Assistance (ODA), he remarked that the ODA does matter but the security situation is more important. He appreciated the improving security and the overall economic situation of the country and Pakistan’s efforts and sacrifices in the war on terror. Earlier, in his welcoming marks, Chairman ISSI Khalid Mahmood said that Pakistan-Japan relations have their deep roots in the ancient Civilization of Gandhara. He briefly touched upon the history of the bilateral relations which began with the ratification of the San Francisco Treaty. Pakistan, he said, supported Japan during many international forums. Earlier, Pakistan was the largest exporter of textile items to Japan, while Japan was the largest exporter of machinery and vehicles to Pakistan. He said that President Ayub’s visit to Japan was historic as the Emperor himself welcomed him on his arrival. It, indeed, was a rare event in the history of the Pak-Japan diplomatic relations.

He also pointed out Tokyo’s changing nuclear policy and cited the Indo-Japan nuclear cooperation for the peaceful purposes and emphasized that any discriminatory approach would be unjust and Pakistan should not be made an exception in this regard. He also clarified that Kashmir is not a bilateral issue, but a question of self-determination of the Kashmiri people, that has been reflected time and again in the UN resolutions.

Global buyers need quality textile products: APTMA

LAHORE: Textile millers have called on the government to immediately withdraw restrictions on cotton imports as it will enable them to meet expectations of international buyers about quality products.

In a statement issued on Wednesday, All Pakistan Textile Mills Association (Aptma) Chairman Aamir Fayyaz emphasised that competitively priced raw material was the basic building block of the Prime Minister’s Export Package 2017.

Digital printing will spark revolution in textile industry: LCCI

“The industry is badly in need of contamination-free fine and medium-staple cotton to produce goods meant for exports. Government should immediately announce withdrawal of 4% customs duty and 5% sales tax as per announcement made by the prime minister in the export-led growth package,” Fayyaz said.

He asked the government to scrap the non-tariff measures taken to restrict cotton imports from India and Brazil, which were restricted till May 20, 2017, as their cotton was being exported to all destinations without any curbs.

He put Pakistan’s cotton production at an estimated 12 million bales in the current season, adding the industry had so far purchased only around 40-50% of its requirement.

He claimed that persistently hot weather in October 2017 had badly affected the quality of cotton crop, which forced the textile value chain to look for quality cotton to meet its demand from international buyers.

Fayyaz pointed out that restrictions were imposed despite promises to the contrary under the Prime Minister’s Export Package to ensure a right price to cotton farmers. Now that over 70% of the crop was out of the hands of the farmers, the government must withdraw the duties immediately to help shield the international export orders, he suggested.

APTMA worried over high energy costs

“If this is not done swiftly, it is feared our textile producers, weighed down by unfair restrictions, will not be able to compete with regional competitors,” he remarked.

Fayyaz urged Prime Minister Shahid Khaqan Abbasi and Federal Textile Minister Pervaiz Malik to help the industry purchase raw material at competitive prices as future exports would heavily depend on producing quality products.

He noted that 30-35% of the textile capacity had already been impaired and continuity of restrictions would prove detrimental for the entire textile value chain.

Published in The Express Tribune, November 9th, 2017.