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…
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…
