Textile Briefs National
Adviser to Prime
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Minister on Commerce and Investment Abdul
Razak Dawood has welcomed the planned investment of US$ 5 billion in the textile sector of Pakistan aimed at establishing 100 new units. In H2 FY2021,
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Pakistan’s monthly average clothing
exports are anticipated to rise 13.44 percent to $ 641.60 million, up from $565.60 million in H1 FY 2021. Pakistan’s textile and apparel exports are anticipated to rise 9.12% from US$1237.55 million in the first half of fiscal year
2021 to US$ 1350.40 million in the second half of fiscal year 2021. Pakistan plans to establish cotton cluster villages, as Cotton has helped Pakistan economy and provided work opportunities for millions of people. According to Federal Minister one million bales contributed approximately Rs. 97.5 billion in revenue, and that the government had set a target of 10 million bales for the current season.
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Pak-China cottonrelated cooperation is in full swing. As they both are mixing the advan-
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tages of their cotton to create new cotton varieties.
Bureau of Statistics (PBS) showed recently.
Ambassador of Italy to Pakistan Andreas Ferrarese has said that Italy can share its expertise in the fashion industry with Pakistan to help meet international standards. He said the Italian fashion, textile, and accessories sector is also popular worldwide.
According to PCGA, cotton arrivals were recorded at 2.68 million bales, higher by 1.65 million bales against last year’s 1.035 million bales. Cotton buying in local market increased 159 percent by mid-September, raising hopes of a harvest of around 9.0 million bales this season.
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Pakistan’s textile and clothing exports posted impressive growth in the first quarter of this year, increasing by 27.41 per cent to $4.42 billion compared to US$ 3.46bn over the year, data released by the Pakistan
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ABPUMA appealed to the government to permit cotton import and yarn from India, Uzbekistan and Turkey through land routes in wake of raw material shortage.
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Textile Briefs International Summer exports from Bangladesh vendors are likely to climb by 20 to 30 percent when retailers throughout Europe and the United States reopen.
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particular the approach of
exhibited at INDEX, the refer-
combining the goals for the
ence trade fair for the nonwo-
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 of electricity production.
EU textile and clothing indus-
vens sector which takes place
try into a sector-specific strat-
in Geneva from October 19-
egy.
22 2021.
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According to Chairperson, Federation of Egyptian Industries’ Ready-Made Garments Chamber, Egypt’s apparel trade has greatly improved and now surpasses EGP 300 billion per year.
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PAKISTAN TEXTILE JOURNAL - October 2021
VDMA has published a position paper welcoming the EU ambitions to
promote climate protection, in
According to preliminary
More than a hundred Italian companies, of whom about eighty are
machinery manufacturers,
The Sri Lankan textile
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13.99 percent to US$1.235
local value addition through
billion in August this year,
initiatives like as the fabric
compared to US$ 1.083 billion
park in Eravur, Sri Lanka is well
in August last year.
positioned to expand.
statistics on India’s merchandise trade for the
month, RMG exports climbed
The Indian Union gov-
sector may exceed US$ 8 billion in garment
exports by 2025, with further
Turkey’s ready to wear
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parks with plug-and-play facil-
percent to over US$11.1 bil-
ities covering more than 1,000
lion on an annual basis from
acres apiece throughout India.
January to July this year.
ernment is giving tax breaks to investors who
build projected giant textile
and confection shipments to foreign mar-
kets grew by a robust 27
The import of textiles and apparel by the United States increased by 28.14 per cent to US$71.365 billion in the first eight months of 2021, compared to US$55.695 billion in January-August 2020.
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USDA’s National Agricultural Statistics Service (NASS) has released their October crop reports, and Becky Sommer with NASS in Washington D.C. says the U.S. cotton production estimate is up 23 percent from last year’s crop.
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Over 68 per cent of garment and footwear enterprises in Vietnam have been penalised by their foreign clients for late delivery, some with cancellation and compensation demands.
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