Partner-up for Fashion SourcingParis, one of the world’s major fashion capitals, is the best place to promote and sell brand(s) and collections in Europe and to the Western and increasingly to the Eastern and Middle Eastern markets. In February 2023, nearly 8,000 professional buyers from 115 countries came to meet 750 exhibitors from 20 countries.… Continue

Pakistan Textile exports clocked in at US$1.3bn in July 2023, down by 11% MoM and 11% YoY. This was mainly due to decline witnessed in both Basic Textiles and value-added segments.

In PKR terms, Pakistan Textile exports clocked in at Rs369bn, down by 13% MoM while up 13% YoY.… Continue

Messe Frankfurt (HK) Ltd and the Vietnam Trade Promotion Agency (VIETRADE) will be organising the international fair for the entire textile value chain, Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT), from 28 February to 1 March 2024 at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City in Vietnam.… Continue

Sohail Nisar, Senior Vice Chairman of the Pakistan Yarn Merchants Association (PYMA), has strongly opposed the significant increase in electricity tariffs, declaring this move as devastating for businesses and industries. He appealed to Prime Minister Shehbaz Sharif and Energy Minister Khurram Dastgir Khan, urging them to reconsider the decision and revoke the hike in electricity rates.… Continue

According to data compiled/made by Topline Securities Limited, Pakistan textile exports for Jun-23 clocked in at US$1.47bn, up 11% MoM. In PKR terms, exports clocked in at Rs422bn, an increase of 12% MoM.

Value-added textile exports were recorded at US$1.04bn, up by 17% MoM.… Continue

The summer edition of Apparel Sourcing, Avantex, Leatherworld and Texworld Paris – which celebrated its 25th anniversary – welcomed nearly 6,800 international visitors from 3 to 5 July and created a new dynamic around an ambitious scenography.

Texworld Evolution Paris’ exhibitors are already looking forward to the next edition, to be held from 5 to 7 February 2024 at Porte de Versailles.… Continue

Qaisar Shams Ghucha, Chairman of the Pakistan Yarn Merchants Association (PYMA), has emphasised the importance of political stability for economic growth. He stated that Pakistan should take measures to control fluctuations in the dollar’s value, and exporters and industries should be granted subsidies in energy.… Continue

Topline Securities hosted a Corporate Briefing Session (CBS) of Gul Ahmed Textile Mills (GATM) today, during which the management discussed the company’s recent financial results and future prospects.

On Pakistan’s GSP Plus status, management commented that current benefits are valid till Dec 2024 and after that it is expected that they will be extended further.… Continue

The All Pakistan Textile Mills Association (APTMA) management strongly condemns the propaganda about the closure of mills. This is to clarify that APTMA has not issued any such statement regarding the closure of mills. APTMA strongly denies any such rumours.

We request all the news agencies and channels to carry this clarification.… Continue

Pakistan Textile exports for May-23 clocked in at US$1.32bn, up by 7% MoM. In PKR terms, exports clocked in at Rs377bn, an increase of 7% MoM.

Value-added textile exports were recorded at US$889mn, up 3% MoM. Towels, Readymade Garments, and Knitwear increased by 10%, 8% and 3% MoM respectively.… Continue

The 4th edition of TEXPO 2023 concluded on the 28th of May, 2023, at the Karachi Expo Centre. Pakistan witnessed a momentous occasion as the Honorable Prime Minister of Pakistan, Mr. Shahbaz Sharif, graced the inauguration of TEXPO. TDAP took great pride in hosting an esteemed gathering of international stakeholders during the TEXPO exhibition.… Continue

Pakistan’s textile and leather sector will likely receive orders worth US$500 million upon the successful conclusion of three days of TEXPO 2023, said Chief Executive Trade Development Authority of Pakistan (TDAP) Zubair Motiwala, along with top officials on the second day of the fair, during a media briefing held in Karachi Expo Centre.… Continue

On the second day of TEXPO 2023, foreign delegations from Germany, South Africa, Australia, Algeria, Madagascar, Egypt, the UK, Rwanda, Zambia, Bangladesh, and Zimbabwe met with Mr Zubair Motiwala, Chief Executive of TDAP, and Dr Fareed Iqbal Qureshi, Secretary of TDAP.… Continue

The 4th edition of TEXPO Pakistan 2023, a flagship event of the Trade Development Authority of Pakistan (TDAP) and Ministry of Commerce & Textile was inaugurated by Mr Shahbaz Sharif, the Honorable Prime Minister of Pakistan, accompanied by Mr Kamran Khan Tessori, Governor of Sindh, Syed Murad Ali Shah, Chief Minister Sindh, Mr Naveed Qamar, Federal Minister for Commerce, Mr Ahsan Iqbal Chaudhary, Minister for Planning, Ms Marriyum Aurangzeb, Federal Minister for Information and Broadcasting, Mr Tariq Bajwa, SAPM, Dr Aisha Ghaus, Minister of State for Finance, at Expo Center (Karachi).… Continue

Global business-to-business (B2B) e-commerce platform Alibaba.com today announced that it would participate in the 4th International Textile Exhibition (TEXPO 2023) to be hosted by the Trade Development Authority of Pakistan (TDAP) from 26-28 May 2023 to connect Pakistani textile exporters with its community of more than 40 million buyers worldwide.… Continue

Messe Frankfurt has announced that it is participating in the Texpo Pakistan in Karachi from 26th – 28th May 2023. It stands is located at Hall: 04 Stand: 62 – 83 in Karachi Expo Center.

TEXPO 2023 is set to honour the remarkable journey of the Pakistani thread, which has weaved its way across borders, touching and empowering countless lives around the globe.… Continue

Chairman of All Pakistan Textile Mills Association, Southern Zone, Mr Zahid Mazhar, has drawn the government’s attention that the textile industry of Sindh and Balochistan are presently compelled to close their production or operate at 50 percent of their production capacity due to a severe shortage and disruption of gas supply along with low gas pressure.… Continue

Sohail Nisar, Senior Vice Chairman of the Pakistan Yarn Merchants Association (PYMA), expressing deep concern over the country’s ongoing political conflict, said that Pakistan’s image is badly affected in the world due to political instability. In particular, foreign business people are losing confidence in Pakistani business people, while trade and industrial activities in the country are also adversely affected.… Continue

Trade Development Authority of Pakistan (TADAP) will participate in Texworld – Apparel Sourcing- Home Sourcing, USA, to be held in America from July 18 to 20. The Summer 2023 edition in New York City will be held at the Javits Center on the 18th for three days.… Continue

After discontinuing the electricity concession package, Sohail Nisar, Senior Vice Chairman of the Pakistan Yarn Merchants Association (PYMA), while expressing deep concern over stopping the gas concession package for the textile sector by Oil & Gas Regulatory Authority (OGRA). He has appealed to Prime Minister Shehbaz Sharif to continue the concession packages for electricity and gas to save the textile industry, which is the backbone of the national economy, from destruction.… Continue

Nishat Chunian Limited (NCL) announced its 3QFY23 earnings earlier this week, wherein the company posted NPAT of PkR389mn (EPS: PkR1.6) for the quarter, compared to a loss of PkR1.7bn (LPS: PkR7.1) in the earlier quarter. The earnings posted by NCL are substantially higher than our estimates.… Continue

Nishat Mills Limited (NML) announced its 3QFY23 earnings earlier today, wherein the textile manufacturer recorded NPAT of PkR3.3bn (EPS: PkR9.4) for the quarter, lower by 10%QoQ and 4%YoY. The earnings were higher than our estimates.

* NML’s revenues clocked in at PkR37.1bn during 3QFY23, higher by 12% compared to the earlier quarter.… Continue

Texworld Paris celebrates 25 years! The anniversary edition of Texworld Evolution Paris will take place this summer from 3 to 5 July 2023 at the Porte de Versailles Exhibition Centre. For the first time, this event will be held downtown Paris.… Continue