|
|
| Cotton & Textiles | [1-5 of 5 stories]
|
Spot rate, phutti prices fall sharply on cotton marketKARACHI (March 13, 2010): Official spot rate after maintaining stable trend, drifted lower on the cotton market on Friday in process of slow trading, dealers said. The Karachi Cotton Association (KCA) official spot rate was down by Rs 100 to Rs 5550, dealers said.
|
Rebate on local supply may end yarn crisis: Dr BaigLAHORE (March 13, 2010): Federal Textile Advisor Dr Mirza Ikhtiar Baig said on Friday a rebate of 2 to 5 percent on local supply of yarn may put an end to the ongoing rift between the spinners and the textile ministry. Talking to Business Recorder, Dr Baig said he had proposed at the very early stage that besides suggesting remove duty on polyester yarn as well where the government has withdrawn duty on import of cotton yarn.
|
APTMA fears closure of mills within a weekLAHORE (March 13, 2010): All Pakistan Textile Mills Association (APTMA) has feared permanent closure of spinning mills in the country within a week time, as following the countrywide strike by textile mills on 18th March. More than 100 export-based mills will have no option but to close down their operations if the quota imposition is not lifted by the government.
|
Chairman PRGMEA to address ZMC and CMCLAHORE (March 13, 2010): Central Chairman Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) Mohsin Ayub Mirza will address the Zonal Management Committee (ZMC) and the Central Management Committee (CMC) of the association on Saturday (today).
|
Exemption of sales tax and proposed VAT should be continued: PTAKARACHI (March 13, 2010): Chairman, Pakistan Tanners Association (PTA) Gulzar Firoz referring to the zero rating policy said that the present exemption of sales tax and proposed Value Added Tax (VAT) should be continued to save the 5 exporting sectors, in particular the leather industry which is facing continued decline in export.
|
Downside reverses historic gains in cotton marketLAHORE (March 12, 2010): Just eight days ago some ginners were unwilling sellers of cotton at Rs 5,800 per maund (37.32 kgs), and now several of them are desirous of unloading their unsold stocks of about 350,000 bales from the current season (2009-2010) at Rs 5,500 per maund for higher class cotton with scant a buyer. Furthermore, there is an impression in the market that lint prices could ease considerably further in the coming weeks.
|
Insipid trade seen on cotton marketKARACHI (March 12, 2010): Subdued business was seen on the cotton market on Thursday as mills were still on the sidelines in the absence of guiding factor, dealers said. The Karachi Cotton Association (KCA) official spot rate was remained unchanged at Rs 5650, dealers said. In the ready business over 5000 bales of cotton changed hand, ranging between Rs 5500-5700.
|
Ministries fail to unravel yarn export tangleKARACHI (March 12, 2010): Textile and commerce ministries have failed to resolve cotton yarn export dispute between value-added textile sector and spinners, as both the parties have now taken the case to court.
|
Rift between textile ministry, spinners wideningLAHORE (March 12, 2010): Rift between spinners and the textile ministry is escalating with each passing day, as both sides are moving opposite direction on important issues. It may be noted that the spinners are openly commenting that they are disassociating them from the textile minister because of his "anti-spinning industry mindset".
|
| Today's Print Edition Advertisers |
|---|
| Page | Advertiser | Ad Caption |
|---|
| 1 | All Pakistan Textile Mills Association | Strike | | 1 | Interwood Mobel (Pvt) Limited | Office Furniture | | 1 | Universal Express | Umraha & Hajj | | 2 | SNGPL | Tender Notice | | 2 | Fauji Fertilizer Company Limited | Dividend Warrants | | 3 | Alfalah GHP Investment Management Limited | Book Closures | | 3 | NIB Bank | Basic Banking | | 3 | 0346-4231701 | Now Joins Hands | | 3 | ACE Consultants | Seminar | | 3 | NADRA | Corrigendum | | 3 | Aaj Channel | Aaj Programme | | 10 | KHI Stocks | Stocks Analysis | | 10 | ECU Line Pakistan (Pvt) Limited | Shipping & International Transport | | 11 | Business Recorder | www.brecorder.com/epaper | | 20 | Aaj News | Begum Nawazish Ali - Queens of All Trades | | 20 | Rashid & Sadia Muneer Ahmed | Chehlum | | 20 | Shafi Spinning Mills Limited | Air Jet Looms Quality | | 20 | Base Ten International | Generators |
|
|
|
|
