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Thursday, May 9, 2024

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Profits of textile sector in Pakistan plunge by 64 percent in first quarter of 2024

Stress on Pakistan’s textile industry listed at the capital market continued in the first quarter of 2024 as the sector grappled with...

Banned Chinese cotton found in 19 percent of US and global retailers merchandise

A study highlighting the challenges of complying with the U.S. law aimed at blocking imports of cotton linked to forced...

New Zealand and UAE launch free trade agreements

In a significant move aimed at enhancing economic relations, New Zealand and the United Arab Emirates (UAE) have initiated...

Cotton market holds steady amidst uncertainties; focus on key reports

ICE cotton has experienced a rebound fueled by technical purchases, though the market remains uncertain about demand. Traders eagerly...

GOTS updated its criteria for a strong sustainability chain

The Global Organic Textile Standard (GOTS), the world’s premier processing standard for certified organic fibres, experienced significant milestones. In addition to...

New US restrictions on unethical textile imports

The Department of Homeland Security has enhanced strategy to combat illicit trade in textile and apparel products.  Now, the importers of such goods...

ITM and Hightex 2024 added to the Trade Delegation Supports List

The Republic of Turkey Ministry of Commerce announced the year of 2024 ‘Trade Delegation Supports List’. ITM 2024 International...

Italian Textile Machinery: Orders remain stationary for first Quarter 2024

For Italian textile machinery sector, 2024 has begun without anything seemingly special. The first quarter has seen the orders...

IGATEX PAKISTAN mega textile event opens with worldwide participation

Country’s Largest Garment, Textile & Digital Printing Machinery and Accessories Exhibition organized by Fakt Exhibitions (Pvt.) Ltd. opened its...

Global cotton scenario this week

The local cotton market again remained bearish and the trading volume remained low. The new crop has not started...

Bangladesh seeks duty-free US market access amid labour rights focus

During the recent Trade and Investment Cooperation Forum Agreement (TICFA) Council meeting, Bangladesh advocated for duty-free and quota-free access...

March 2024 witnessed a decrease in Germany’s exports to Non-EU countries

In March 2024, Germany experienced a notable decline in its exports to non-EU nations, marking a shift in its...

Current challenges facing the Turkish textile market

Textile companies and manufacturers in Türkiye said they are adapting to the evolving norms and dynamics of the Western...

ITCPE 2024: Heat Transfer Printing Machinery Exhibitors

With continuous innovation and the growing trend of personalized consumption, heat transfer printing has become an emerging process for...

Bankruptcy scare hit to RMG exporters from Bangladesh

US retailer Express, which outsources its garments to the tune of $100 million from 12-14 top Bangladeshi RMG manufacturers has filed for...

Textile exports see surge in the fourth straight month this year

The textile exports continued their consecutive surge for the fourth month in March 2024, albeit with a slight moderation...

Textile exports see fourth straight monthly surge in March despite power woes

In the backdrop of high power and energy prices, government data surprisingly revealed that textile exports rose by 3.3...

Shabbir Mansha appointed as Chairman Pakistan-China Business Council

Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has appointed Shabbir Mansha...

Global economic growth to reach 2.8% by 2030 says IMF

Global economic growth will reach a mere 2.8 per cent by 2030, a full percentage point below the historical...

Textile landscape in Morocco stands at a critical juncture

A study conducted by the French association Evalliance sheds light on Morocco’s notable position as the third-highest minimum wage earner...

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Full speed ahead for Durak Tekstil

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Durak Tekstil, Turkey’s leading developer of industrial sewing and embroidery threads, is currently making plans for a new and expanded factory at its base...