Apparel

billion investment for textile sector in pipeline: Razak Dawood

$5 billion investment for textile sector in pipeline: Razak Dawood

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Razak Dawood reveals investment worth $5 billion is in the pipeline under which 100 new textile units will be established. “Apart from enhancing export capacity, these are likely to create about 500,000 jobs,” PM’s aide says. Textile group exports crossed $15 billion during FY21. Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood …

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Leading UK & overseas fabric suppliers to exhibit at Textile Forum

Leading UK & overseas fabric suppliers to exhibit at Textile Forum

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Exhibitors from across the globe will showcase their fabrics for womenswear, menswear, childrenswear, bridalwear, lingerie and accessories at Textile Forum. A group of garment manufacturers under the aegis of the UK Fashion & Textile Association (UKFT) are scheduled to exhibit at the fashion fabric show beginning from October 13 in London. At the two-day event, …

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Why global textile raw material prices are on the rise?

Why global textile raw material prices are on the rise?

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Crude oil prices are rising consistently to cater to the increasing demand from consumers, thus causing textile raw material prices to increase. Crude oil prices are rising due to higher crude oil inventory draw, widespread floods and power outages due to heavy rains in Texas and Louisiana, as per the American Petroleum Institute’s (API) and …

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EU extends GSP plus status for Pakistan with 6 new conventions

EU extends GSP plus status for Pakistan with 6 new conventions

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GSP Plus Status for Pakistan The European Union (EU) recently extended its general system of preferences plus (GSP+) status for Pakistan till 2022 with six new conventions. The European Commission’s new conventions pertain to greater accessibility for people with physical disability, child labour eradication and environmental safety. EU will announce new criteria after 2022 to …

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India, Pakistan surpass Bangladesh in RMG export growth in EU, US markets

India, Pakistan surpass Bangladesh in RMG export growth in EU, US markets

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PIC: TBS Infograph RMG Export: Despite Bangladesh‘s securing a good number of apparel work orders from the European Union and the United States, it was outnumbered by neighbouring India and Pakistan in terms of export growth in the two major markets in January-July this year. The two countries clearly capitalised on their competitive advantages. In …

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Chinese textile prices may go up 30-40% due to power cuts

Chinese textile prices may go up 30-40% due to power cuts

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Chinese Textile Price May Go Up Prices of textiles and garments made in China are likely to rise by 30 to 40 per cent in the coming weeks on account of planned shutdowns in industrial provinces of Jiangsu, Zhejiang and Guangdong. The shutdowns are due to the government’s effort to reduce carbon emissions and shortage …

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