Textile exporters from Sindh and Punjab are divided over the gas tariff differential for industry in the two provinces, with Punjab exporters demanding uniform price for the entire industry. Currently, the rate of Regasified Liquefied Natural Gas (RLNG) to Punjab industry is around Rs932 per million British thermal unit (mmBtu) compared to the system gas which is being provided to Sindh industry at Rs600 per mmBtu. The finance minister recently announced a cut of Rs200 per mmBtu for syste

Bangladesh's garment shipments to Italy and Japan, the nationals of which were killed in a terrorist attack in Dhaka in July, remained unscathed in July-October -- a development that will bring a heavy sigh of relief among exporters. In fact, apparel exports to the two nations increased during the period, according to data from the Export Promotion Bureau. In a brazen attack in the heart of Dhaka's diplomatic zone on July 1, nine Italians, seven Japanese, three Bangladeshis and an Indian w

The Woolmark Company, a global authority on wool, hosted a full-day event called Wool Conclave along with the India Fashion forum (IFF) to promote the wool industry in India. The event also highlighted the Woolmark’s ‘Grown in Australia, Made in India’ initiative and endorsed the multiple properties of merino wool and its boundless potential. Designers Karishma Jamwal and Jimit Mistry presented a fashion show for Monte Carlo, Ambassador Shawls and OCM, highlighting merino wool’s versatility

COTTON USA is making plans to promote U.S. cotton's quality, responsible production and innovation at the world's leading show for home textiles. While at Heimtextil in Frankfurt, Germany, on January 10-13, 2017, COTTON USA will seize the opportunity to offer sourcing support to the global home industry. As an added incentive to the hospitality industry, COTTON USA will also introduce its new hotel and travel initiative that connects COTTON USA licensed manufacturers with the hotel sector to p

China's economy still has many engines for development, such as emerging industries and supply-side reform, experts say. This is the view of Gan Jie, professor of finance and director of the Center for Finance and Economic Growth at Cheung Kong Graduate School of Business. Themed 2017 Outlook: What Surprises Are in Store for China?, the school's 3rd China Economic Symposium was held in Beijing and Gan released a report on China's industrial economy in the third quarter on Wednesday. Alt

Cotton Incorporated, the research company representing upland cotton, funded by US growers of upland cotton and importers of cotton and cotton textile products, has launched a new 'Focus on Cotton' webcast: 'Impact of Leaf Pubescence on Fibre Quality', by Gaylon D. Morgan, Ph.D., professor from the State Ext. Cotton Agronomist, Texas A&M University. The 22-minute talk by Gaylon provides information that helps users understand how genetics and environment impact plant traits, identify prac

Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) central chairman Ijaz Khokhar has asked the Prime Minister to announce much-awaited textile package committed by him publically to pull the value-added textile industry out of crisis. “The cash subsidy of eight percent to exporters, as was decided at the highest level and agreed by the all export industries of the country, should be given immediately and without any delay along with announcing cut in utility prices

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 24 basis points to 6.8865 against the US dollar Wednesday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interban

THE world’s largest economy grew even faster than initially thought in the third quarter, based in large part on a jump in spending, the US Commerce Department said yesterday. According to a revised GDP report, the economy grew at an annual rate of 3.2 percent, three-tenths higher than the initial estimate published last month, which was already the fastest rate in two years. A consensus analyst forecast had called for a more modest upward revision to 3 percent, from the 2.9 percent initia

Export of leather products including shoes would be $6 billion by 2021 if 16.5% cash incentive is given. The parliamentary standing committee on the Ministry of Commerce was yesterday apprised of the export target at its 18th meeting held at Jatiya Sangsad Bhaban with committee Chairman M Tajul Islam in the chair. The parliamentary watchdog suggested the authorities concerned to give additional cash incentive to the leather products and shoes industries for making the country’s image brigh