Former Vice President of FPCCI Atif Ikram Sheikh on Monday said reduced cotton production is a great threat to the export sector, which is already crumbling under tough IMF conditionalities.…

Pakistan Textile exports for Feb-23 clocked in at US$1.18bn, down 11% MoM. In PKR terms, exports clocked in at Rs315bn up by 2% MoM. Value-added textile exports decreased by 13%…

ABHI, an embedded fintech company, has signed an agreement with Naveena Group and its subsidiaries to provide AbhiSalary, an Earned Wage Access facility, to their 5,000 employees. AbhiSalary will financially…

Alibaba.com, a leading platform for global business-to-business (B2B) trade, has concluded its participation as Gold Sponsor in the 24th edition of South Asia's leading textile trade show, Textile Asia International…

Alibaba.com, a leading platform for global business-to-business (B2B) trade, will take part as the Gold Sponsor in the 24th Textile Asia International Trade Fair, the largest textile trade fair in…

Nishat Chunian Limited (NCL) posted its 2QFY23 financial result earlier today, wherein the company posted a Loss of PkR1.7bn (LPS: PkR7.1)—substantially lower than our estimates of a loss of PkR0.19/sh.…

Paris, 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…

Singapore Airlines (SIA), the flag carrier of the Republic of Singapore has appointed Gerry's International as its General Sales Agent (GSA) in Pakistan. The announcement was made at an event…

Shan Foods, one of the leading food companies in Pakistan, has taken a strong step towards educating the youth by joining hands with the Textile Institute of Pakistan (TIP). This…

Emirates has operated its first milestone demonstration flight on a Boeing 777-300ER, powering one of its engines with 100% Sustainable Aviation Fuel (SAF). The flight took off from Dubai International…

Kohinoor Textile Mills Limited (KTML) held its analyst briefing yesterday, wherein the company management apprised of the following: · To note, the company posted NPAT of PkR4.7bn in FY22, higher…

Mr. Zahid Mazhar, Chairman of All Pakistan Textile Mills Association, Southern Zone, has urged the Prime Minister of Pakistan, Mian Shahbaz Shareef and the Chief Minister of Sindh, Syed Murad…

The Emirates Group today announced its half-year results for its 2022-23 financial year. The Group is reporting a 2022-23 half-year net profit of AED 4.2 billion (US$ 1.2 billion), a record half-year…

Interloop Limited (ILP) conducted its corporate briefing session to discuss FY22 and 1QFY23 financial results and the company's future outlook. The company presented their vision for 2025, which is based…

Tata Textile Mills Limited (TTML), one of the well-respected conglomerates in Pakistan, has selected Oracle Fusion Cloud Enterprise Resource Planning (ERP) to accelerate the business transformation of its textile mills and Food division…

Nishat Chunian Ltd (NCL) has reported an unconsolidated net loss of PKR0.1bn in 1QFY23 (LPS: PKR0.54), slipping into losses for the first time since the pandemic, compared to an EPS…

Khalid A. Majeed, Chairman of Mekotex (Pvt.) Limited, Karachi, has been elected Chairman of the Pakistan Denim Manufacturers and Exporter Association (PDMEA) for 2022 – 23 during the recent annual…

Nishat Mills Ltd (NML) has reported an unconsolidated NPAT of PKR4.2bn (EPS: PKR11.81) in 1QFY23, up 26% YoY, while more than triple that of the previous quarter. We estimate core-textile…

Trade Development Authority of Pakistan to Participate at Texworld Evolution Paris. The Authority has asked the local firms to apply for the same. As one of the world's major fashion…

Kohinoor Textile Mills (KTML) has reported an unconsolidated NPAT of PKR0.5bn (EPS: PKR1.59), down a sharp 52% YoY (up 11% QoQ). The sluggish result is significantly lower than our expected…

Interloop Limited (ILP) recorded earnings of Rs4.96bn (EPS: Rs5.31) in 1QFY23 compared to earnings of Rs2.69bn in 1QFY22 (EPS: Rs2.88). Earnings however, declined by 7% QoQ which stood at Rs5.36bn…

Pakistan Textile exports for Sep-22 were recorded at US$1.5bn, down 3% MoM. In volumetric terms, exports remained strong with Cotton Cloth, Bedwear and Towels increasing MoM. In PKR terms, exports…

Hitman Rohit Sharma bowls over cricket fans as he takes to the field to feature in Emirates' latest advertising campaign which will run during the ICC Men's T20 World Cup.…

Gul Ahmed Textile Mills (GATM) has reported consolidated NPAT of PKR3.9bn (EPS: PKR6.26) for 4QFY22, more than double compared to last year and up 58% QoQ. This takes FY22 NPAT…

Nishat Chunian Ltd (NCL) has reported an unconsolidated NPAT of PKR0.72bn in 4QFY22 (EPS: PKR3.00), down 70% YoY and 65% QoQ, owing to significant margin attrition to the tune of…