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| Cotton & Textiles | [1-6 of 6 stories]
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'Pakistan eyes imports of four million cotton bales'ISLAMABAD (September 08, 2010): Flood damage to Pakistan's key cotton crop has cut deep into the forecast for the 2010/11 season, industry officials said on Tuesday, adding the country is likely to import at least 4 million bales. The monsoon flooding, which started over a month ago, damaged about 524,000 hectares (1.3 million acres), out of the total 3.20 million hectares, under cultivation in the major cotton-growing areas of central Punjab and southern Sindh province.
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Government urged to impose restrictions on cotton exportsKARACHI (September 08, 2010): Co-ordinator, Value-added Textile Forum, Muhammad Javed Bilwani on Tuesday urged the government to impose restrictions on cotton and cotton yarn exports after floods wrecked crops and created the commodity's shortage on the local market. He demanded of the government to provide its local value-added textile sector with ample yarn stocks by restricting its export, as India has lately announced to protect its market from cotton scarcity by limiting its export.
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Activities, prices fall slightly on cotton marketKARACHI (September 08, 2010): Slight fall was seen in activity and prices on the cotton market on Tuesday as trucks were busy in carrying the people from one place to another instead of phutti to the ginneries, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6,400, they said.
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Aptma raises tax-related issues with FBRISLAMABAD (September 08, 2010): The All Pakistan Textile Mills Association (Aptma) has raised a number of tax-related issues, including issuance of notices under Income Tax Ordinance 2001 to the textile units, non-payment of refund of special excise duty (SED), failure of e-refund payment system and abolition of one percent minimum tax on the textile companies.
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Osman elected KP Aptma chairmanPESHAWAR (September 08, 2010): Osman Saifullah Khan, Chief Executive of Saif Textile Mills, Gadoon, has been elected as chairman of All Pakistan Textile Mills Association (Aptma) KP region, while Liaquat Ali Khan, Chief Executive of Mezan Textile Mills, Gadoon, has been elected vice chairman.
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Nominations for Aptma polls soughtLAHORE (September 08, 2010): All Pakistan Textile Mills Association (Aptma) has sought nomination papers from the newly-formed executive committees at the centre and provincial zones for the posts of central chairman and three vice chairmen respectively. The last date for filing of nomination papers has been fixed as September 14, 2010.
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Lint prices stable, spot rate up by Rs 100 on cotton marketKARACHI (September 07, 2010): Prices, though stable, showed mixed pattern on active demand on the cotton market on Monday despite the persisting rise in the NY cotton futures, dealers said. The Karachi Cotton Association (KCA) official spot rate was raised by Rs 100 to Rs 6,400, they said. In the ready business, nearly 9,000 bales of cotton changed between Rs 6450-6625, they said.
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Businessmen Council sweeps Aptma pollsLAHORE (September 07, 2010): Businessmen Council, led by Gohar Ejaz, made a clean sweep in the annual elections of All Pakistan Textile Mills Association (Aptma), with 11-0 and 9-0 at the centre and Punjab Zone levels, respectively. Gohar Ejaz, sitting Chairman of Aptma Punjab, said his group has swept the polls after a struggle of over 11 years.
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Cotton market may find direction after Eid holidaysKARACHI (September 06, 2010): Pakistan Cotton Ginners' Association has released its periodical cotton figures according to which seed-cotton equivalent of 0.995 million bales reached ginneries by 1st September, 2010 against 1.291 million bales received last year - a decrease of about 23 percent.
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