Page 11 - TEXtalks. May-June 2023

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IGATEX PAKISTAN to open its 4 International
th

doors in May 2024 in Lahore

FAKT Exhibitions (Pvt.) Ltd. will be organizing IGATEX PAKISTAN - International Garment, Textile, Digital Printing Exhibition, Texpo
Machinery & Accessories Exhibition and Conference. The pioneer event of its kind will mark its presence at
Expo Centre, Lahore from May 01-04, 2024. 2023 wraps up

IGATEX PAKISTAN has successfully completed its 22 years making it an increasingly significant event with its
scale setting records every year. The tradeshow will introduce high level garment, textile, and digital printing
machinery and accessories which will provide business opportunities and add value to our exports hence, will
increase the product worth that will have positive impact on the economic well-being of Pakistan. The event is successfully
known to not only introduce newest expertise, but also improvise trade benefits, increase foreign investments
and spending through business visits by international delegates.

This edition of IGATEX PAKISTAN along with its concurrent event ICADEX PAKISTAN - International Chemical & Texpo is Pakistan’s largest textile exhibition, presenting a common platform for meeting industry specialists
Dyes Exhibition and Conference promises to be bigger, better, and more impactful than ever before. FAKT has dealing in raw materials to finished products with globally competitive prices and premium quality.
curated a diverse range of exhibitors who will showcase their latest machinery, cutting-edge technology, and
sustainable solutions. An informative conference will take place along the exhibition. The 4th International Textile Exhibition (TEXPO) is geared up to showcase the textile industry from all across
Pakistan and brings together textile units reflecting offerings from sectors such as leather garments, gloves,
IGATEX PAKISTAN being the biggest garment, textile, and digital printing industry tradeshow in Pakistan, footwear, cotton, embroidery & lace, readymade garments, home linen, towel, hosiery art silk, sportswear
gathers more than 500 exhibiting companies from 30 countries including Austria, Belgium, China, France, & functional fabrics, lace & accessories, denim, knitwear, etc.
Germany, Italy, Japan, Korea, Pakistan, Spain, Switzerland, Taiwan, Turkey, UK, USA etc. with a number of
innovative and versatile machinery models to be debuted at the event. Trade Development Authority of Pakistan (TDAP) took great pride in hosting an esteemed gathering of
international stakeholders during the TEXPO exhibition. In addition to foreign buyers, TDAP extended its
IGATEX PAKISTAN has always played a pivotal role in development of the garment and textile industry by invitation to various Trade Promotion Organisations, International Chambers of Commerce, and International
introducing efficient machinery and accessories to local manufacturers and is bound to yield success and Associations, fostering an environment of global collaboration and partnership. Buyers from 24 non-traditional
growth for the industry. markets also visited TEXPO diversifying the textile market base for Pakistani products. Moreover, the largest
participation was from China comprising 74 buyers related to textile and leather who showed great interest
in relocation of the industry and foreign investment in Pakistan’s textile sector.

Global cotton scenario and its audience, establish valuable connections and explore collaborations. During the event, Pakistani suppliers
Texpo Pakistan took place in Karachi Expo Centre from 26-28 May 2023. With its commencement, the
three-day TEXPO 2023 provided a platform for industry players to showcase their offerings to a global
mixed fluctuations about the opportunities presented by B2B e-commerce and the digital tools provided by Alibaba.com that
and manufacturers in the textile industry were welcome to visit the Alibaba.com showcase on-site to learn
can help exporters go global.

The markets in Pakistan opened after the Eid recess amid low trading volume probably because of low
demand and five days long Eid holiday. Moreover, the buyers and sellers were busy exchanging Eid greetings. A dedicated B2B networking opportunity was provided to foreign buyers and exhibitors. These specialized
In Sindh, the cotton prices remained between Rs17000 to Rs20000 per 37.324 kg. In Punjab also the cotton B2B meetings ensured that exhibitors had the opportunity to connect with the most relevant and interested
was quoted at Rs18000 to Rs21000 per 37.324 kg. buyers, maximizing the potential for successful business transactions, and in total 15 MoU were signed.
Foreign delegates also witnessed a vibrant display of Pakistan’s creative prowess as 22 top fashion
Cotton Association of India (CAI) on Thursday further reduced its cotton crop estimate for the 2022-23 season designers from Pakistan showcased their innovative designs and artistic brilliance to the world. These
to 313 lakh bales as production is expected to decline in Maharashtra, Telangana and Haryana. The total designers captivated visitors with their unique creations, showcasing the creative side of Pakistan’s
cotton production in the last season is estimated at 307.05 lakh bales. In the United States, the US export sales textile industry.
were lower than expected. For cotton farmers there was good news as chances of rainfall in Texas, Oklahoma,
and Kansas brightened. Home textiles emerged as a focal point of interest for international buyers. The hosiery, sportswear, and
denim showcased their prowess and attracted significant attention from international buyers during the
Good economic news from China helped spur demand and increase prices before weak export sales put TEXPO exhibition.
pressure on prices. May futures closed at 79.24 cents per pound, a sharp decrease of 411 points compared to
the week prior. July futures settled at 80.09 cents per pound, down 310 points for the week.

May/June 2023 May/June 2023