The textiles industry fears the balance of payments crisis to worsen
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…
APTMA urges the government to continue with the regionally competitive energy tariffs
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…
Pakistan Textile Exports at US$16bn in 10MFY22, up 26% YoY
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 made some capacity expansions in the Spinning and Home Textile segments
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, 9MFY22 EPS stands to PKR28.10
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…
Heimtextil Summer Special:
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…
Pakistan Textile Sector expected to show good results in 3Q
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,…
NML to post 3QFY22 earnings of PkR6.13/sh:
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…
KATI welcomes the constitution of a textile council for the development of the sector
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.…
Pakistan textile sector shown robust performance during 9MFY22
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 to become leading Industry 4.0 textile operation with SAP
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…
Pakistan Textile: Exports at a record high of US$12.6bn in 8MFY22 ob the back of the value-Added segment
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 to separate its subsidiary Nishat Chunian Power
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…
Nishat Chunian on expansion mode
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: · …
APTMA out rightly rejects the baseless claim of shortage of yarn in the country
Mr. Zahid Mazhar, Sr. Vice Chairman, All Pakistan Textile Mills Association (APTMA) has out rightly rejected the statements appearing in the media from Pakistan Hosiery Manufacturers Association and Pakistan Textile…
International Apparel Sourcing Show, USA
International Apparel Sourcing Show is scheduled to be held on 19 – 21 January, 2020. The trade fair's objective is to help American apparel brands, retailers; wholesalers and independent design…