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Friday, March 29, 2024

Trade

Asia’s economy is estimated to grow about 4.5 percent in 2024

According to the Boao Forum for Asia's report, Asia's economy is forecasted to grow by about 4.5% in 2024....

Regenerative Agriculture initiative launched last year to produce 1225 ton of cotton fiber

A 5000-acre project launched last year under Soorty Regenagri Initiative (SRI) is expected to yield 1225 ton of cotton fiber this...

Govt to cut cargo handling charges by 50 percent for exporters at sea ports

The government will halve wharfage charges for exporters at Karachi Port and Port Qasim to help the export sector.This...

Growing cotton output earns 1500 million dollar profit

Cotton plays a key role in driving the country's economy. Due to the efforts of the Agriculture Department, Punjab...

German textile trade confidence rises in March 2024

German companies witnessed a notable improvement in sentiment, with the ifo Business Climate Index rising to 87.8 points from...

Bangladesh garment industry assured by Swedish trade minister of widening trade

Swedish Minister for International Development Cooperation and Foreign Trade Johan Forssell visited a garment factory, in Narayanganj on  March 21...

Intertextile Apparel Shanghai becomes a success

Messe Frankfurt Hong Kong in it post-show report on spring edition of biannual trade fair Intertextile Shanghai Apparel Fabrics (Intertextile Apparel) stated that almost 90,000...

Demand to organize TEXPO 2024 in Lahore

The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has raised the voice against the violation of procedure by...

Pakistan experiences a 0.65% decrease in textile exports

A pillar of Pakistan's economy, the textile sector has encountered a slight setback, witnessing a marginal decline of 0.65%...

The Conference Board forecasts a GDP growth rate of 2.9%

The Conference Board, has recently adjusted its projection for global real gross domestic product (GDP) growth in 2024, increasing...

Global cotton scenario this week and its fluctuations

The local cotton market throughout the week remained sluggish resulting in low trading volumes. Cotton is being traded both in Sindh and Punjab are being traded at...

Value addition in Bangladesh RMG increases as exports decline

Value addition in the Bangladesh’s ready-made garment sector increased by 3.66 percentage in the second quarter (October-December), however, the sector's export earnings decreased...

American Apparel and Footwear Association asks Bangladesh to stop detention of RMG workers

The issue of exploitation and persecution of RMG workers has not settled yet and still resonates in international circles...

Sustainable, Leading in Digitalisation and Innovative Textile Technologies at ITM 2024

ITM 2024 Exhibition will host the latest innovations in textile machineries, technologies, artificial intelligence supported machines, software and design...

Vietnamese exporters, importers worried on with shipping costs, strengthening dollar

The depreciation of the Vietnamese dong against the dollar and high shipping costs due to the ongoing Red Sea...

APTMA demands the deregulation of the gas market

As the Sui Southern Gas Company (SSGC) pushes for a substantial increase in gas prices, the All Pakistan Textile...

China’s textile & garment exports jump 14.3% in 2024

Recent data from the General Administration of Customs reveals a significant surge in China's textile and garment exports in...

How functional are natural fibres and materials? The new Nature Performance area at Techtextil provides answers

Whether architecture, mobility, agriculture, industry or clothing: Sustainability is becoming increasingly important in all fields of application for technical...

All cash support to RMG sector in Bangladesh to gradually go by July 2026

Bangladesh government has decided to gradually withdraw all cash incentives to export sectors (mainly readymade garments) by July 2026...

Global cotton scenario this week

The textile industry utilisation levels remain a concern globally and hence, any spurt in cotton prices would certainly tell...

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Itema showcases the Itematech weaving solutionsat Techtextil 2024

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Itema, leading global provider of advanced weaving solutions, including weaving machines, spare parts and integrated services, exhibits the most complete product portfolio to weave...