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Tag Archives: textile industry

100 mmcfd gas to textile: APTMA bemoans suspension of supply

LAHORE: The suspension of 100 mmcfd gas supply to textile industry by the SNGPL has resulted in the closure of one shift at the mills, leaving thousands of textile workers jobless across Punjab. On the directions of Prime Minister Nawaz Sharif, the SNGPL had allocated 100mmcfd gas supply to Punjab-based textile industry but suspended it for the past seven days. ... Read More »

FBR calls meeting to remove reservations of textile industry

KARACHI: The Federal Board of Revenue (FBR) has called a meeting on Wednesday (today) to remove the reservations of textile industry. The meeting aims at resolving issues regarding decrease in textile imports. Read More »

Nawaz to address Textile Summit as industrialists cast doubt on his presence

LAHORE: Prime Minister Nawaz Sharif will address the closing session of the first Pakistan Textile Summit, while the businessmen related to the textile industry have casted doubt on the PM’s presence in the summit, jointly organised by the textile ministry, All Pakistan Textile Mills Association (Aptma) and Pakistan Textile Exporters Association (PTEA), on November 27. The summit will have detailed ... Read More »

Industrialists cast doubt on PM’s presence at Textile Summit

LAHORE: The businessmen related to the textile industry have cast doubt on Prime Minister Nawaz Sharif’s presence in the upcoming textile summit on November 27 that will be organised by the Ministry of Textile. They said that the textile sector was the most important part of the country’s economy and if this sector was given due facilities, the country’s export ... Read More »

No electricity & gas for masses, ministers bow to APTMA might

LAHORE: All Pakistan Textile Mills Association (APTMA) has secured continuous supply of electricity and gas after successful negotiation with the government. APTMA Central Chairman S M Tanveer said this while talking to the media. “Successful talks between textile industry’s representatives and the government have resulted into complete exemption from electricity loadshedding for the industry on independent feeders from November 13, ... Read More »

Energy crisis: Textile industry faces $1.2b loss in six months

LAHORE: All Pakistan Textile Mills Association (APTMA) Chairman S M Tanveer has said that the textile industry has to bear $1.2 billion loss during the last six months due to acute power shortage and it will have to face further $2.2 billion loss in future, if the energy crisis is not overcome. S M Tanveer, addressing the press conference, said ... Read More »

Textile bodies fear massive gas outages

FAISALABAD: The national-level textile industry organisations rang alarm bells and feared massive closure of industries as a result of gas supply cut or reduction in the existing 33 percent gas quota for the textile sector in the upcoming months. Addressing a press conference held by the Pakistan Textile Exporters Association, All Pakistan Textile Mills Association, All Pakistan Textile Processing Mills ... Read More »

Textile bodies reject suspension of gas supply to industrial units

FAISALABAD: Various textile organisations have expressed the apprehensions that a large number of industrial units will be closed if smooth gas supply is not provided to the textile sector. Addressing a joint press conference, Sohail Pasha, chairman of the Pakistan Textile Exporters Association (PTEA), and the representatives of the All Pakistan Textile Mills Association, the All Pakistan Textile Processing Mills ... Read More »

Textile industrialists raise issue of power crisis with Dar

ISLAMABAD: A delegation of All Pakistan Textile Mills Association (APTMA) and Pakistan Textiles Exporters Association (PTEA) representatives has called on Finance Minister Ishaq Dar and discussed problems related to the textile industry with him. The delegation lauded the government’s efforts in maximum power supply to the industry, but expressed their concern over interrupted gas supply and demanded its equitable distribution. ... Read More »

Viability of textile industry

According to newspaper reports, the Ministry of Textile has warned that the textile industry is heading toward bankruptcyas export of textile products have decreased by five percent during the first two months of the current fiscal year. The ministry blames the Ministry of Finance for refusing to provide Rs 188 billionfunds which the government had promised under Textile Policy of ... Read More »

APTMA lauds Nawaz Sharif’s role in restoration of gas supply

LAHORE: The textile industrialists have expressed their satisfaction over restoration of gas supply to the industry and thanked Prime Minister Nawaz Sharif for playing his role in ensuring the resumption of supply. All Pakistan Textile Mills Association (APTMA) Central Chairman S M Tanveer had appealed to the premier for taking action against SNGPL’s stance of halting gas supply to the ... Read More »

Shelving proposed textile mill

According to newspaper reports, Chinese investors have refused to set up a textile mill in Faisalabad, apparently due to political instability in the country. Earlier in 2013, some Chinese businessmen had visited the city and had decided to set up a textile mill, suggesting being one of the biggest in the world, having 6 million spindles. An agreement had been ... Read More »

Incessant gas supply to textile sector sought

PRGMEA chairman says government has failed in ensuring provision of gas and electricity to industries in Punjab      SIALKOT: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has demanded an incessant supply of gas to value-added textile sector. Talking to reporters in his office, PRGMEA Chairman Ejaz A Khokhar urged the government to evolve a comprehensive strategy to ... Read More »

Sinking textile industry calls for desperate measures

If government cannot provide gas and electricity then it should announce forced closure of industry   FAISALABAD: More than fifty percent value-added textile units have been closed and the remaining ones are running only with 30 to 40 percent of production capacity, said Rana Alraf Ahmad, senior vice chairman (SVC) Pakistan Hosiery Manufacturers and Exporters Association (PHMEA-North Zone). He said ... Read More »

PIDE terms fiscal revenue target ‘too ambitious’

ISLAMABAD: The Pakistan Institute of Development Economics (PIDE) has described the revenue target of Rs2,810 billion for the fiscal year 2014-15 as too ambitious to be met, saying the projected increase in revenue collection target is likely to be missed due to various factors. In a report, the PIDE cited that the highest growth in tax collection Pakistan had ever ... Read More »