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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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Cheap gas, electricity to be provided to textile industry

FAISALABAD: State Minister for Finance Rana Muhammad Afzal Khan on Monday said that gas prices would be further decreased for textile industry to reduce cost of production to maximum extent. Addressing a meeting at All Pakistan Textile Processing Mills Association (APTPMA) here, the state minister said the government had planned to provide electricity at rate …

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Pakistan plans Rs10b research fund to boost cotton output

ISLAMABAD: The Pakistan government is likely to announce a Rs10-billion research development fund in an effort to boost cotton production next season as the harvest remains unimpressive for the past few years. Talking to The Express Tribune, a senior government official disclosed that a high-level meeting on Wednesday tried to prepare a plan for enhancing …

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Pakistan exports to EU grow by almost 6%

Pakistan’s exports to the 28-member European Union (EU) posted a growth of nearly 6% in January-September 2017 on a year-on-year basis. This shows that the Generalised System of Preferences-Plus (GSP+) scheme largely failed to boost exports to the EU. Total export proceeds to these countries amounted to €5.07bn during the period under review against €4.79bn a …

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Pakistan invites Japan to assist in promoting its textiles through PTA

ISLAMABAD: Minister of State for Finance, Rana Muhammad Afzal Khan invited Japan to assist Pakistan to promote its textile through Preferential Trade Agreements (PTA). During a meeting with Ambassador of Japan, Takashi Kurai, who called on him, Rana said Pakistan highly values its relationship with Japan, a press statement said. He hoped that the economic …

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