ILP, NML, & NCL are likely to present mixed results in 4QFY24
ILP– 4QFY24E earnings to clock in at PkR2.8/sh: We expect ILP to post earnings of PkR3.9bn (EPS: PkR2.8) in 4QFY24E, compared to PkR4.5bn (EPS: PkR3.2) in SPLY, a decline of…
Fruit waste can revive Pakistan textile industry: Mujeebullah Khan
A team of scientists from the National Textile University successfully extracted fibre from banana bark. It made it usable for the textile industry, opening up new possibilities for Pakistan's troubled…
Banana waste is the future of Pakistan’s textile industry.
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr. Shahid Rasheed Butt, said on Sunday that the performance of the export sector is disappointing. He said that…
Pakistani Exhibitors received a good response at Intertextile Shanghai Apparel Fabrics and Yarn Expo
Pakistani exhibitors garnered significant recognition for their showcased products at the Intertextile Shanghai Apparel Fabrics and Yarn Expo 2024. The Autumn Edition of the expo started on August 27 and…
Three-Day Intertextile Shanghai Apparel Fabrics Kicks Off in Shanghai, China
The three-day Intertextile Shanghai Apparel Fabrics commenced in Shanghai, China, starting on Tuesday, August 27, and will continue at the National Exhibition and Convention Center (Shanghai) until August 29. Pakistan’s…
FPCCI and GIZ to set up a RBH for textile sector
Mr. Saquib Fayyaz Magoon, Acting President of FPCCI, and Ms. Maria Jose Poddey, Country Director of GIZ Pakistan, have signed the MoU between FPCCI and GIZ to establish a Responsible…
Intertextile Shanghai Home Textiles concluded.
Asia's largest home textiles trade fair, " Intertextile Shanghai Home Textiles – Autumn 2024," has successfully concluded at the National Exhibition and Convention Center (Shanghai). The exhibition was held from…
Pakistani exhibitors shine at Texworld/Apparel Sourcing LA
Five Pakistani exhibitors showcased their innovations at Texworld/Apparel Sourcing Los Angeles 2024. The two-day event, which spotlighted groundbreaking ideas and innovations in the fashion industry, concluded successfully at the California Market…
Pakistan can secure $5 billion in apparel orders – Former Minister
Former Caretaker Federal Minister Gohar Ejaz said Pakistan could get apparel and garment orders worth around $5 billion from Western clothing brands in two weeks. Ejaz added that the window…
APTMA urges the government to formulate an export-friendly textile policy.
The urgency of Pakistan’s textile industry cannot be overstated. It is currently grappling with serious issues such as the high cost of production, high interest rates, inadequate gas supply and…
Pakistan will showcase in Heimtextil Frankfurt from 14 – 17 January 2025.
Trade Development Authority of Pakistan will participate in the biggest international trade fair for home and contract textiles - Heimtextil Frankfurt, 14 – 17 January 2025 Heimtextil is the industry's…
PYMA urges government to abolish RD on Yarn, citing threat to the textile sector, SMEs
Sohail Nisar, Sr. Vice Chairman of the Pakistan Yarn Merchants Association (PYMA), along with Vice Chairman Jaweed Khanani and members of the Executive Committee, expressed deep concern regarding the imposition…
Change in tax regime for exporters; Textile earnings will be impacted
§ The government has revised the tax regime for the export-based industry, transitioning from a full and final tax of 1% of turnover/sales to a normal corporate tax. This change in…
Gul Ahmed Textiles Mills wind energy project requires an investment of US$120mn
Topline Securities recently hosted a Corporate Briefing Session (CBS) of Gul Ahmed Textile Mills (GATM), wherein the management discussed the company's recent financial results and prospects. The company has borrowed…
Texworld Tashkent06 – 08 November 2024 Central Asian Expo (CAEx), Tashkent, Uzbekistan
Texworld Tashkent, a unique platform, presents a wide range of fabrics, from classic to innovative, as well as accessories and materials for the textile industry. This exclusive event is held…
Yarn brokers traders & importers association demands prevention of EFS Misuse
The Yarn Brokers, Traders & Importers Association, Karachi, has expressed serious concerns over the sale of imported polyester yarn in local markets under the Export Finance Scheme (EFS). The association…
TDAP to participate at Apparel Sourcing New York 16 – 18 July
Trade Development Authority of Pakistan will participate in Apparel Sourcing New York 16 – 18 July, 2024, at the Javits Convention Center in New York, USA, called The Sourcing Event…
GATEX PAKISTAN Mega Textile Exhibition sets new industry standards
IGATEX PAKISTAN, the country's premier Garment, Textile & Digital Printing Machinery and Accessories Exhibition, concluded on a high note at the Expo Centre Lahore. Organised by Fakt Exhibitions (Pvt.) Ltd.,…
Interloop Limited’s sales spiked due to the start of the Apparel Plant in mid-November.
Interloop Limited (ILP) announced its 3QFY24 result today, where the company recorded an unconsolidated earnings of Rs4.1bn (EPS of Rs2.95). This takes 9MFY24 earnings to Rs13.2bn (EPS of Rs9.39) down…
IGATEX PAKISTAN Mega Textile event opens with worldwide participation
IGATEX PAKISTAN – Country's Largest Garment, Textile & Digital Printing Machinery and Accessories Exhibition organized by Fakt Exhibitions (Pvt.) Ltd. opened its doors on 1st May 2024 at Expo Centre…
Nishat Chunian saw higher sales and improved gross margins in 3QFY24
Nishat Chunian Limited (NCL) announced its 3QFY24 results today. The company posted an unconsolidated NPAT of PkR381mn (EPS: PkR1.6) compared to a loss of PkR991mn (LPS: PkR3.8) in the quarter…
TDAP to Participate at Texworld / Apparel Sourcing Paris 01 – 03 July 2024
Paris, as one of the major fashion capitals of the world, is the best place to promote and sell brand(s) and collections in Europe, the West, and increasingly in the…
Chairman of Siddiqsons Group receives the highest taxpayer award from the PM today.
Today, Prime Minister Shehbaz Sharif presented awards to 65 leading exporters and compliant taxpayers in a ceremony held at the PM Office. Among the recipients, Mr Tariq Rafi, the Chairman…
Spike in gas tariffs detrimental to the export-oriented textile industry of Pakistan
All Pakistan Textile Mills Association, Southern Zone has strongly rejected the increase of 223 in gas tariff in the last year and termed it as detrimental to the export-oriented textile…
Gul Ahmed Textile Mills earnings beat on higher than expected GM’s
Gul Ahmed Textile Mills (GATM) has reported consolidated NPAT of PKR0.5bn (EPS: PKR0.74) for 2QFY24, down 34% YoY but flat QoQ. This takes 1HFY24 total consolidated NPAT to PKR1.0bn, down…