Pakistan should import cotton from neighbouring India to avoid another balance of payment crisis, said Pakistan Textile Council (PTC) in a statement. The country's textiles industry, which earned more than…
Nishat Mills Limited (NML) recorded unconsolidated earnings of Rs1.26bn (EPS: Rs3.6) in 4QFY22 compared to earnings of Rs2.28bn in 4QFY21 (EPS: Rs6.5). This takes FY22 earnings to Rs10.3bn (EPS: Rs29.3).…
One of Pakistan's leading e-commerce-based lifestyle brands – Chahyay.com– has launched a range of health and beauty products to the Pakistani market and ever since its launch, it has continued…
Microban International is pleased to introduce Refresh™ – its newest, patent-pending, sustainable odor capture technology that is completely metal free. This innovative technology is proven to reduce odors by up to 93% on polyester and…
Mr. Asif Inam, Chairman, All Pakistan Textile Mills Association – Southern Zone urges the government for allowing immediate release of textile machineries and their spare parts that were stuck up…
Kohinoor Textile Mills (KTML) has reported an unconsolidated 4QFY22 NPAT of PKR0.4bn (EPS: PKR1.44), down a sharp 60% YoY and 71% QoQ. This takes FY22 NPAT to PKR4.7bn (EPS: PKR15.84),…
Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said rains and floods have…
Alkaram, one of the biggest names in Pakistan's textile industry, is partnering with ABHI, Pakistan's first financial wellness platform, to offer its employees the facility of Earned Wage Access. ABHI's…
Patron-in-Chief of Korangi Association of Trade and Industry (KATI) SM Muneer and President Salman Aslam have demanded the withdrawal of a 10 percent super tax on 13 sectors by the…
Gul Ahmed Textile Mills Limited (GATM) announced that the IPO of IDEAS (subsidiary of GATM) will be done once the environment is conducive and the company can draw better valuations.…
Pakistan Textiles Industry saw sustainable growth in export during May 2022 despite issues in production. The textile exports continue to grow sharply, rising by 55% Y0Y to US$1.6bn, sustaining above…
Textiles is the only sector that continues to grow and bring foreign exchange to the country, gearing up to close at $20 billion in June 2022 compared to $15.4 billion…
Exports of textiles and apparel increased by 23% year on year to $15.4 billion in 2020-21, up from $12.5 billion in 2019-20. Textile exports grew by 26% in the first…
As per the Pakistan Bureau of Statistics (PBS), Pakistan textile exports surged to a record high of US$1.74bn (+7% MoM) in Apr-22, where around 81% of the increase in exports…
Gul Ahmed Textile Mills (GATM) has reported consolidated NPAT of PKR2.4bn (EPS: PKR3.96) for 3QFY22, up 43% yoy and 3% qoq. This takes 9MFY22 NPAT to PKR6.0bn (EPS: PKR9.70), up…
Nishat Chunian Ltd (NCL) has reported an unconsolidated NPAT of PKR2.0bn in 3QFY22 (EPS: PKR8.49), up 10% yoy but down 18% qoq. This takes 9MFY22 EPS to PKR28.10, up a…
A special edition of Heimtextil the world's most important exhibition for bedsheets, towels and interior textiles will be held with Techtextil and Texprocess. With over 1000 Heimtextil exhibitors present in…
BMA Textile universe is estimated to undergo an impressive jump in revenue and profitability to PKR 78Bn (↑48/5% YoY/QoQ) and PKR 6.6Bn (↑25/2% YoY/QoQ), respectively for the quarter ended Mar'22,…
We expect Nishat Mills Limited (NML) to post NPAT of PkR2.2bn (EPS: PkR6.13) in 3QFY22 vs PkR1.9bn (EPS: PkR5.32) in 3QFY21, up by 15.2%YoY. This will take 9MFY22 earnings to…
Acting President of Korangi Association of Trade and Industry (KATI) Farrukh Qandhari has welcomed the establishment of the Textile Council by the government for the development of the textile sector.…
As per data released by Pakistan Bureau of Statistics (PBS), textile exports for the month of Mar'22 clocked-in at USD 1.6Bn as compared to USD 1.4Bn in the SPLY (↑20%…
Sapphire Finishing Mills, a leading vertically integrated textile group based in Pakistan, reaffirmed their commitment to digital transformation and to becoming a leading Industry 4.0 textile operation by signing a…
As per the data reported by the Pakistan Bureau of Statistics (PBS), Pakistan textile exports surged to a record high of US$12.6bn in 8MFY22, up 26% YoY. In PKR terms,…
Nishat Chunian Ltd (NCL) recently announced intentions to separate its subsidiary Nishat Chunian Power Ltd. (NCPL) as an independent entity. That is, it will transfer its holding in NCPL to…
The management of Nishat Chunian Limited (NCL) held a corporate briefing session today to discuss the FY21 financial results and future outlook on the company’s strategy going forward. Highlights: · …
