Textile Industries of Pakistan

[Affan-khan]

Last week i was in Faisalabad. new fashion in town is to setup Apparel unit. Everyone is following Style textile success story. Every textile unit is overbooked . REIT help a lot. new machinery coming let see how it go

 

[Ghessan]

Last week i was in Faisalabad. new fashion in town is to setup Apparel unit. Everyone is following Style textile success story. Every textile unit is overbooked . REIT help a lot. new machinery coming let see how it go

its a huge investment Pakistan has made by expanding its production base in textiles. GSP+ status is very crucial at the moment but "they" are making hurdles in its way too. if we lose this status it would be a big blow not only to this new investment but also to the current set up of industry with orders draining out even support by the govt in the form several incentives besides providing power at competitive rates.

 

[ghazi52]

Textile Exports Graph over the last years. Pakistan has set the target of $20 Billion for FY 2021-22..

 

[Imran Khan]

Pakistani exports must be 200bn$ . damn even tiny taiwan have345bn$

 

[Zibago]

Pakistani exports must be 200bn$ . damn even tiny taiwan have345bn$

Na bhai ziyada zarori hy key lahorio key jholoon key liye paisey arrange karo

 

[ghazi52]

China shows interest in Pakistan's textile industry

China Chamber of Commerce for Import and Export of Textiles (CCCT) has stated that China is interested in strengthening investment cooperation with Pakistan in the textile and garment industry.

Talking to a national news in China, CCCT Vice President Zhang Xian said the potential of a combination of strengths and weaknesses provides opportunities to deepen cooperation between the two countries' textile industries.

''Pakistan and China are perfect partners and there's a lot that can be done," remarked the CCCT vice president.Pakistan is one of the world's leading cotton producers, ranking among the top five in terms of yield, with cotton textile products accounting for 40 percent of its exports.

"China is willing to strengthen investment cooperation with Pakistan in the textile and garment industry," Zhang said, adding that collaboration and competition coexist for the textile industry in both countries and Sino-Pak co-op in textile industry is ‘untapped’.

As a major garment producer, Pakistan's export of home textiles, clothing, and other processed products to the European Union, the United States, and other countries and regions has witnessed a rapid growth these years, which has also driven rapid growth in yarn and fabric imports from China, promoting the cooperation between China and Pakistan in the industrial chain.

However, the different stages of industrial development between the two countries also creates broad space for closer cooperation, noted Zhang Xian.

As per statistics released by General Administration of Customs of China, the country’s imports from Pakistan are mainly cotton yarn and Pakistan ranks third among China's import sources of cotton yarn.

According to Pakistani customs statistics, Pakistan's imports of textiles and apparel from China accounts for 62% of its total imports, which makes China its largest source of textile and garment imports.

 

[ghazi52]

Pakistan offers huge opportunities to Chinese investors in textile sector

https://nation.com.pk/NewsSource/web-desk
Web Desk
December 02, 2021

Minister for Planning, Development, and Special Initiatives Asad Umar Wednesday said Pakistan offered the Chinese investors huge opportunities to develop a deeper understanding of the investment opportunities in the textile sector.

“Pakistan wishes to have win-win cooperation with the Chinese investors”, Asad Umar said during a meeting with China Chamber of Commerce for Import and Export of Textiles and leading Chinese textile companies and investors.

Special Assistant to the Prime Minister on CPEC Affairs Khalid Mansoor, and some textile investors in Pakistan participated in the event organized by the China Pakistan Economic Corridor (CPEC) Authority.

Embassy of China in Islamabad and Pakistan’s Embassy in Beijing also joined the session.
Asad Umar stated that the event had been organized to highlight to the Chinese investors, the comparative advantage of Pakistan in the textile sector.

Khalid Mansoor briefed the participants on the measures being taken by the government to facilitate the investors.

He said that the legal framework was being further improved to make it easier for investors to start and run their operations.
He said that the industrial cooperation segment of CPEC holds great potential and significant work was underway to make full use of it.

A detailed presentation on the textile sector of Pakistan was given to Chinese entrepreneurs and investors wherein various aspects of comparative advantages of Pakistan were explained in detail.
The presentation included comparative data of the region for transportation, labor, utilities and other costs for the investors. It also highlighted the favourable market access situation for the country’s products in foreign markets.

The facilities and incentives available to investors in CPEC SEZs were also discussed in detail.
Chairman of the Chinese Chamber, greatly appreciated the online exchange and said that it was very informative for the participants. He said that investors’ visits would be arranged as soon as the travel restrictions are phased out.

Representatives of a number of large Chinese textile companies participated in the session.
Other participants also spoke during the event and highlighted various aspects of the textile sector of Pakistan.

 

[F86 Saber]

We don't need Chinese investment in textiles sector, Govt. need to give incentives to finished goods industry and curtail the export of Raw cotton and yarn. We have enough textile units focused on a single segment like spinning, weaving or garmenting, we need them to invest in forward/backward integration to become vertical and then use the verticality to increase turnover. Unfortunately right now, even the vertical units are being operating as separate earning centers by the businessmen, they want to earn from every pocket which hurts the overall business scenario .

 

[ghazi52]

7.2mn bales of cotton reach ginneries, up 54% YoY: PCGA

Ali Ahmed
03 Dec 2021

Cotton arrival in Pakistan increased 54% year-on-year, showed the latest fortnightly data released by the Pakistan Cotton Ginner's Association (PCGA) on Friday.

As per the report, total cotton arrivals surged to 7.168 million bales as of December 1, 2021, compared to 4.648 million bales in the same period last year, a difference of 2.52 million bales.

Cotton is crucial for Pakistan's textile sector that accounts for 3.4% of the Gross Domestic Product (GDP) compared to 7.5% for Bangladesh, 5.1% for Sri Lanka, 12% for Cambodia and 3.5% for Turkey, stated the Asian Development Bank (ADB) in its report, “Global Value Chain, Development Report 2021, Beyond Production.”

Meanwhile, as per the PCGA data, cotton arrivals reported a substantial increase in Punjab and Sindh — the major cotton-producing provinces of the country.

As of December 1, cotton arrival in Punjab was 3.679 million bales compared to 2.634 million bales in the same period last year, an increase of 1.045 million bales or 40%. On a monthly basis, cotton arrival recorded an increase of 25% as compared to 2.935 million bales on November 1.

Similarly, cotton arrival in Sindh reached 3.489 million bales as compared to 2.014 million bales reported in the same period last year, an increase of 1.475 million bales or 73%. On a monthly basis, cotton arrival recorded an increase of 5% as compared to 3.321 million bales on November 1.

 

[ghazi52]

Pakistan's textile exports posted robust growth in December 2021, figures released by the Ministry of Commerce show.

Advisor to Prime Minister on Commerce and Investment Abdul Razak Dawood shared the figures via his Twitter handle on Tuesday. As per the data, Pakistan’s exports of men's garments stood at $459 million in December 2021, a growth of 26% as compared to $363 million exported in the same month last year.

Meanwhile, home textile exports stood at $385 million in December 2021, showing a year-on-year (YoY) increase of 2%. The exports of jerseys & cardigans ($80 million) and T-shirts ($66 million) also increased by 55% and 46%, respectively, in December 2021. Exports of women's garments increased by 13% to $84 million.

Meanwhile, Pakistan exported rice worth $242 million in December 2021, an increase of 5% YoY.

During the same period, the exports of fruit and vegetables, and surgical instruments decreased by 19% and 3%, respectively.

In terms of geographical spread, exports to the US, China, Netherlands, Spain, Bangladesh, Thailand, Sri Lanka, Malaysia and Kazakhstan increased. Exports to UK, Germany, Afghanistan, Saudi Arabia and Russian Federation decreased.

United States remains biggest market

The US remained Pakistan’s largest export market, with $607 million worth of goods exported to the country in December 2021, up 43%. The US was followed by China emerging as Pakistan second-largest exporting destination, as the country purchased goods worth $325 million in December 2021, an increase of 25%.

Dec exports surge 16.7pc to $2.76bn YoY: Dawood

Earlier on Sunday, Dawood said Pakistan’s exports increased by 16.7% to $2.761 billion during December 2021 against the targeted $2.8 billion, compared to $2.366 billion in December 2020.

During the first half of the current FY (Jul-Dec 2021), he added that exports increased by 25% to $15.125 billion as compared to $12.110 billion during July-December 2020. The export target for first half of this FY was $15 billion, Dawood added.

 

[ghazi52]

Business volume improves on cotton market

Recorder Report
08 Jan 2022

LAHORE: The Spot Rate remained unchanged. The local cotton market on Friday remained steady and the trading volume improved due to increase in demand.

Cotton analyst Naseem Usman while talking to Business Recorder said that according to the fortnightly report issued by Pakistan Cotton Ginners Association on Monday 7.35 million bales arrived as compared to the last year production of 5.37 million bales during this period.

He also told that cotton will not be available in the Month of February. New crop of cotton will arrive in June. He also said that prices of cotton and cotton related products like yarn and Banola increased by 60 % during 2021.

He also told that that price of Punjab’s Phutti attracted per 40 kilograms prices from Rs6,000 to Rs8,000.
Cotton of Sindh was traded from Rs 15,000 to Rs 19,000 per maund, Punjab’s cotton was traded from Rs 16,000 to Rs 18,500 per maund.

He told that 1200 bales of Pano Aqil, 800 bales of Mir Pur Mathelo, 400 bales of Khan Pur Mehar were sold at Rs 18500 per maund, 1000 bales of Bagho Bahar were sold at Rs 19050 per maund, 200 bales of Rahim Yar Khan were sold at Rs 18500 to Rs 18700 per maund, 2600 bales of Sadiqabad were sold at Rs 18500 per maund, 2400 bales of Chichawatni were sold at Rs 18300 to Rs 18500 per maund, 800 bales of Lodhran were sold at Rs 18300 to Rs 18400 per maund and 400 bales of Fort Abbas were sold at Rs 17200 per maund.

ICE cotton futures fell on Thursday, weighed by weak export sales data, with a retreat in wider markets adding to the downbeat mood. The cotton contract for March was down 0.99 cent, or 0.9%, at 115.29 cents per lb by 12:23 p.m. ET (1723 GMT). It traded within a range of 114.6 and 116.13 cents a lb.
The US Department of Agriculture’s weekly export sales report showed net sales of 143,200 running bales for 2021/2022, down 26% from the previous week, and 48% from the prior four-week average.


“The export and export shipment numbers were not great and this is probably adding some pressure on the prices,” said Jim Nunn, owner of Tennessee-based cotton brokerage Nunn Cotton, adding that exports may have been impacted by the holiday week. “It is also not surprising that the market is down a little bit as it seems to be cooling off a little after going up in the last few sessions.” The March cotton contract has gained 2% this week.

Chicago soybean futures edged lower as broad selling in financial markets countered weather concerns in South America that pushed prices to a five-month high.

Wall Street’s main indexes fell in choppy trading after minutes from the Federal Reserve’s last meeting struck a hawkish note.

Total futures market volume fell by 9,829 to 14,204 lots. Data showed total open interest gained 643 to 244,038 contracts in the previous session. Certificated cotton stocks deliverable as of Jan 5 totalled 617 480-lb bales, unchanged from the previous session.


The Spot Rate remained unchanged at Rs 18300 per maund. The Polyester Fiber was available at Rs 252 per kg.

Copyright Business Recorder, 2021

 

[ghazi52]

Pakistan’s textile exports

Pakistan’s textile exports are set to increase to a record after gaining an edge over South Asian rivals during the corona pandemic, says Adviser to Prime Minister on Commerce, Abdul Razak Dawood.

While in an interview he said textile exports are set to surge 40 percent from a year earlier to a record 21 billion dollars in the twelve months till June.

He further stated tha the figure would expand to 26 billion dollars in the next fiscal year, surpassing the nation’s total exports last year.

According to Adviser, Pakistan allowed its factories to open ahead of India and Bangladesh when the pandemic first emerged in 2020, drawing orders from global brands

 

[ghazi52]

Powered by the growth in Apparel & Made-ups, Pakistan posted highest ever textile exports for the month of January.
January 2022:.................... $ 1.55bn......., +17% YoY
7 Months For 2022:.......... $ 10.93bn....., +25% YoY.

 

[ghazi52]

H1 readymade garments’ exports rise 22.93pc YoY​

APP
07 Feb, 2022

ISLAMABAD: Ready-made garments during the first six months of fiscal year of 2021-22 grew by 22.93 % as compared to exports of the commodity during the corresponding period of last year.

During the period from July-Dec 2021, Readymade garments worth US$1,831,856 exported, as compared to exports of $1,490,157 during the same period of last year.

According to the data released by the Pakistan Bureau of Statistics, the exports of Bed wear increased by 19.04 %, of US $1,659,646 as compared to the exports of US $1,394,182 of the same period of last year.

Meanwhile, Knitwear exports also increased by 35.21 percent as the exports during current fiscal year recorded worth US$2,500,461 as compared to the exports during the same period of last year which recorded US$1,849,596.

During the period under review, Towels exports increased by 17.54 %, worth US$ 523,868 in current fiscal year, as compared to the exports of valuing US$ 445,697 of the same period of last year.

 

[ghazi52]

PM Imran approves establishment of Pakistan Cotton Authority​

Authority will work on improving supply, monitoring, and production of quality seeds

BR Web Desk
07 Feb, 2022


Prime Minister Imran Khan on Monday approved in principle the establishment of the Pakistan Cotton Authority, a statement released by the Prime Minister's Office (PMO) said.

He made the decision while chairing a meeting focused on exploring ways to increase the production of cotton in the country.

"The authority will research to increase the supply, monitoring, and production of quality seeds," the PMO statement added.

The premier said that the use of modern technology was essential to increase yield per acre.

The meeting also approved setting up an inter-ministerial committee to expedite the production of quality cotton seeds.


During the meeting, the prime minister said that the government was providing subsidies to farmers on modern agricultural implements, quality seeds, and fertilisers.
"The real benefit of subsidy should be given to the farmer through a farmer card," the premier was quoted as saying.

"New laws should be enacted to protect the rights of farmers and consultation with all stakeholders should be ensured," he said.

The meeting also approved the enactment of new laws to protect the rights of cotton growers in Pakistan.

"The meeting was informed that there is a stock of 4.17 million tonnes of wheat at present. The federal and provincial governments are jointly providing Rs 15.5 billion subsidies on fertiliser," the PMO handout said.


The statement added that as per the directions of the prime minister, a Farmers' Forum has been set up under the chairmanship of the Federal Minister for Food Security.

"The purpose of this forum is to ensure the representation of farmers in policy matters and to resolve their issues expeditiously," it said.

The Prime Minister also approved the convening of a National Cotton Conference. He also directed authorities to carry out feasibility for setting up plants for local production of DAP fertilizer in the country.