Loading...
You are here:  Home  >  Articles by Staff  -  Page 2112
Latest

Textile mill to pay Rs7m power bills in eight installments.

By   /  June 21, 2012  /  Other Textile News  /  No Comments

A four-year old dispute between the Faisalabad Electric Supply Company (Fesco) and a textile mill owned by Foreign Minister Hina Rabbani Khar’s husband over Rs70 million outstanding power bills has been resolved with the agreement that the firm will clear the hefty dues in eight quarterly installments, spanning two years. “The dispute dating back to […]

Read More →
Latest

Textile industry earns $9.063 billion in first nine months.

By   /  June 21, 2012  /  Other Textile News  /  No Comments

The textile industry, which contributes 54 percent of the total export earnings of the country, has earned $9.063 billion during first nine months of current fiscal year as compared to $13.906 billion of whole fiscal year 2010-11. According Economic survey 2011-12, the unscheduled/scheduled load shedding along with increasing rates of gas and electricity have obstructed […]

Read More →
Latest

Rs 17k cr debt restructuring for TN textile industry.

By   /  June 21, 2012  /  Other Textile News  /  No Comments

The Union finance ministry’s decision to restructure debt worth about Rs 35,000 crore to the textile industry has offered a relief to the textile industry in Tamil Nadu, the largest in India. The industry in the state, likely to see the restructuring of debt worth Rs 17,000 crore, is struggling owing to the crisis in […]

Read More →
Latest

Textile debt restructuring NPA norms not for entire sector.

By   /  June 21, 2012  /  Uncategorized  /  No Comments

Textile companies, which have restructured their debt and still under duress, will get a second chance to do the same, thanks to the textile-debt restructuring package announced by the government on Tuesday, reports CNBC-TV18 quoting sources. It is learnt that the finance ministry will discuss with the RBI a special dispensation in the NPA norms […]

Read More →
Latest

Wool prices stabilise at latest sale.

By   /  June 21, 2012  /  Other Textile News  /  No Comments

Wool prices continued to stabilize at the latest North Island sale this week and about three quarters of the 10,000 bales on offer were sold. Wool Services International says the weaker New Zealand dollar has contributed to the pick up in prices over the past fortnight. Short second shear wools made up nearly 70% of […]

Read More →
Latest

Autumn Cashmere completes implementation of Datatex NOW ERP solution.

By   /  June 21, 2012  /  Weaving & Knitting  /  No Comments

Autumn Cashmere is a fresh, contemporary and innovative knitwear company, creating cashmere, cashmere blend and cotton sweaters and accessories that excite the senses and inspire fun living. AC identity is known by countless fashion minded consumers and many high profile celebrities. AC backs up every garment with quality and unbeatable craftsmanship. Rich cashmere and cotton […]

Read More →
Latest

‘Readymade garments worth $1.2bn exported during last nine months’.

By   /  June 21, 2012  /  Apparel & Fashion  /  No Comments

Minister for Finance, Dr Hafeez Shaikh during a press conference held to launch Economic Survey 2011-12 said readymade garments worth $ 1.2 billion were exported during last nine months of this year. In quantity terms the decline in the exports of readymade garments was 22.5 percent. He informed that the garment industry provides highest value […]

Read More →
Latest

Competition may affect margins in the denim segment.

By   /  June 21, 2012  /  Fabric  /  No Comments

With many new companies entering the denim fabric space and existing companies expanding their production capacities in anticipation of high demand, experts feel that such a heightened competing environment would put pressure on denim makers’ profit margins. According to analysts, domestic as well as international demand for denim has been growing at the rate of […]

Read More →
Latest

India to give major boost to Africa’s cotton output.

By   /  June 21, 2012  /  Cotton News  /  No Comments

India has set in motion a $4.66 million programme to develop the cotton industry across the African continent, which has faced a combination of problems over the years. The plan will initially cover seven countries across the continent, S.K. Makhijani, economic counsellor in the Indian High Commission in Abuja, Nigeria, told IANS. The seven countries […]

Read More →
Latest

Govt bans cotton seed exports, prices plunge.

By   /  June 21, 2012  /  Cotton News  /  No Comments

The Ministry of Industry and Trade has with immediate effect banned the exportation of cotton seed. The ban however does not affect the exportation of cotton lint. Minister of Trade and Industry John Bande said the ban has been imposed due to a great demand of the seeds locally. “The cotton seeds are on high […]

Read More →