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Pakistan among five countries replacing China as major imports of US cotton

Vietnam, Pakistan, Indonesia, Bangladesh, and Turkey are projected to account for 47 percent of world cotton imports by 2030 while China’s cotton imports would drop to 24 percent, reveals the latest report Department of Agriculture’s Economic Research Service. The report points out that China after joining WTO in 2001, became the world’s leading importer of …

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Pakistan likely to replace Spain as the 10th largest textile exporter

Despite consuming more fabric than most of the developed countries Pakistan is not among the 10 largest exporters of textile and clothing. But it may soon replace Spain with exports of $20.2 billion if it manages to maintain the growth in apparel exports. Pakistan’s exports last fiscal were a shade less than $20 billion but …

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Garments exports likely to fetch $50bn if govt continues support

ISLAMABAD: Garment sector has urged the government to continue with its various subsidies to support its plans to invest up to $7 billion for generating over 700,000 jobs and fetching $20 billion in exports, with a target to achieve $50 billion in exports by 2026. All Pakistan Textile Mills Association (APTMA) Patron-in-chief Dr Gohar Ejaz …

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Pakistan’s Denim Exports to US Soared 62% in First Six Months of 2021

Pakistan exported $38 million worth of denim clothing to the United States in July, 2021. This figure represents 140% growth over July, 2020. Mexico’s denim exports grew 58% while those of Bangladesh grew 24% in this period, according to the US Office of Textiles and Apparel.  Among the top Asian suppliers, Pakistan’s exports to US …

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PAKISTAN RECORDS HIGHEST EVER TEXTILE EXPORTS IN JANUARY 2022

ISLAMABAD: Pakistan’s textile exports have reached new heights after they reached Rs1.55 billion in January 2022, the highest ever exports from the sector in a month, ARY NEWS reported. The details were shared by Senator Faisal Javed Khan, a close confidante of Prime Minister Imran Khan, from his Twitter handle. While sharing a graph of …

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PHMA welcomes new Textile & Apparel policy 2020-2025

LAHORE: Pakistan Hosiery Manufacturers and Exporters Association (PHMA) appreciating the approval of the new Textile & Apparel Policy 2020-25, has called for speedy implementation of it, as it is vital for new investment and marketing plan in the major export-oriented sector. PHMA Central Chairman Shahzad Azam Khan expressed the hope that the $42 billion export …

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