PAK-CHINA FRIENDSHIP WILL FACILITATE GROWTH OF PAKISTAN TEXTILE INDUSTRY & ENERGY SECTOR

We amiably welcome the Chinese President Xi Jinping and his esteemed delegation. It is an honour for Government & People of Pakistan that the great Chinese leader has chosen Pakistan his destination for his first foreign trip this year. The two-day visit of Chinese President along with his delegation will help the two neighbouring countries to deepen their economic and strategic ties. The visit is significant as important developments are unfolding both in the region and on the international front.
The two sides will share their views on the current situation of the region. There are strong hopes that both countries will sign a good number of important agreements relating to key development projects in the infrastructure, energy, and communication sectors.
Olympia (Private) Limited is one of the largest and well reputed Indenting and Trading House for new as well as used Textile Machinery, Textile Mills Services, Ancillary Equipment, Plant up gradation, Raw Materials and Yarns. Moreover Olympia also provides complete sourcing and handling solution from fibre to fabric along with Comprehensive Energy Solution.
We offer Complete Solution, EPC / Turn Key Power Plant based on Coal, HFO, Solar, Bio-Gas, Windmill of iPP (Independent Power Plant) and CPP (Captive Power Plant). Our established connections with the Used Pre-Owned Gensets Dealers proves to be an added advantage to our customers to meet their requirements of any of the genuine equipment related to Energy Solutions.
Pakistan's exports of textiles and garments remained almost stable and earned almost US $10.0 billion in the first 3 quarters of fiscal year 2014-15 beginning from July 1, 2014, is marginally better as compared to exports in the corresponding period of previous fiscal, according to the data released by the Pakistan Bureau of Statistics.
During this period, Pakistan's knitwear exports grew by almost 9.50% year-on-year, while exports of non-knit readymade garments were up around by 10.54%. Raw cotton exports dropped almost 14.50% during this period, as compare to corresponding period of previous fiscal.
Likewise, cotton yarn exports fell by almost 4.75%, as against exports made during the same period last fiscal. Exports of cotton fabric dropped around 12.35% during the period under review, while bedwear exports declined by almost 0.35%, the data showed. The increase in exports of garments along with a decline in exports of raw cotton, yarn and fabric, however, is a good sign for Pakistan's value-added textile industry, as the country is exporting more finished goods compared to last fiscal.
On the other hand, the import of synthetic fibre by Pakistan surged approx. 28% year-on-year, whereas imports of synthetic and artificial silk yarn witnessed a growth of approx 20%. This shows that textile enterprises have increased the use of synthetic fibre and yarn in recent months. Meanwhile, the value of textile machinery imports made by Pakistan during the period decreased by around 23% year-on-year, which points at lower intent of entrepreneurs to invest in the industry.