Page 5 - TEXtalks International October/November 2022

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The not-so -surprising plight glooming
The not-so-surprising plight glooming
over the textile industr y worldwide;
over the textile industry worldwide;
clutches not just confined to Pakistan
clutches not just confined to Pakistan
demand slows with the global
The textile industry of Pakistan has
The textile industry of P akistan has demand slows with the global
come under a dark cloud which economy grappling with inflation.
come under a dark cloud which
economy grappling with inflation.
didn’t come as a surprise as most In India too, there is a huge crisis in
didn’t come as a surprise as most
In India too, there is a huge crisis in
Editor-in-Chief
Editor-in-Chief of the industry saw its inevitable the textile sector. Surprisingly, in
, in
of the industry saw its inevitable
the textile sector
. Surprisingly
Yousaf Fareed coming. P akistan’s textile exports the last two to three weeks, cotton
Yousaf Fareed
the last two to three weeks, cotton
coming. Pakistan’s textile exports
prices saw a significant increase of
have dropped to their 17-month prices saw a significant increase of
have dropped to their 17-month
Editor low since May 2021, according to Rs 7,000 per candi (356 kg). The
Editor
Rs 7,000 per candi (356 kg). The
low since May 2021, according to
Hassan Saeed official trade data for October . Most currencies of all economies are
Hassan Saeed
currencies of all economies are
official trade data for October. Most
of the millers, failing to get new
of the millers, failing to get new under severe pressure due to the
under severe pressure due to the
Sub-Editor orders from their European buyers, strong dollar . The Indian currency
Sub-Editor
orders from their European buyers,
strong dollar. The Indian currency
Dr Sharjeel Abid have preferred to adopt the has declined by over ten percent
Dr Sharjeel Abid
have preferred to adopt the
has declined by over ten percent
Arooj Sajid wait -and-see policy and await the against the US dollar in recent
Arooj Sajid
wait-and-see policy and await the
against the US dollar in recent
departure of this storm. Smaller months. Thus, the price increased
months. Thus, the price increased
departure of this storm. Smaller
Advisory Board:
Advisory Board: units have already closed down from the low level of Rs 63,000 and
units have already closed down
from the low level of Rs 63,000 and
Dr. Tanveer Hussain
Dr. Tanveer Hussain operations, and according to some reached at the highest level of Rs
reached at the highest level of Rs
operations, and according to some
Dr. Muhammad Tausif estimates, the number of such 70,000 before falling to a low of Rs
Dr. Muhammad Tausif
estimates, the number of such
70,000 before falling to a low of Rs
69,000. Export markets like the
units has reached 100. 69,000. Export markets like the
units has reached 100.
Marketing
Marketing U .S., Europe, and Japan continue
U.S., Europe, and Japan continue
Memona Karim
Memona Karim This was expected long due as the to grapple with inflation and
to grapple with inflation and
This was expected long due as the
Anusha Abid
Anusha Abid historically high inflation, extreme supply-chain issues amid a
historically high inflation, extreme
supply
-chain issues amid a
continuous depreciation of euro.
economic conditions, increasing
economic conditions, increasing continuous depreciation of euro.
Layouts
Layouts energy prices made it easier for the
energy prices made it easier for the
Faizan Khan
Faizan Khan fall to become steeper; with the T extile industries are the most
Textile industries are the most
fall to become steeper; with the
dollar value of the textile shipments
dollar value of the textile shipments vulnerable to recessionary trends
vulnerable to recessionary trends
Circulation
Circulation from the country declining by as customers cease to buy
from the country declining by
as customers cease to buy
Abrar Hussain 15.2pc from $1.60bn the same clothing or home- based textiles
Abrar Hussain
15.2pc from $1.60bn the same
clothing or home- based textiles
month last year .Both the and cause a sudden shift in the
and cause a sudden shift in the
month last year.Both the
Address
Address affordability and availability of gas demand causing it to decrease.
affordability and availability of gas
demand causing it to decrease.
C-302, City Towers have become a gruesome Global recession has left no doors
C-302, City Towers
have become a gruesome
Global recession has left no doors
Main Boulevard, Gulberg II
Main Boulevard, Gulberg II challenge for the textile sector , and un-knocked across the globe.
challenge for the textile sector, and
un-knocked across the globe.
Lahore-Pakistan has become the race for the However, some experts are hopeful
Lahore-Pakistan
However
, some experts are hopeful
has become the race for the
survival of the fittest.
survival of the fittest. that the situation will improve in the
that the situation will improve in the
Phone: + 92 42 35 788 700
Phone: + 92 42 35 788 700 months to come. There is some
months to come. There is some
Fax: + 92 42 35 788 700
Fax: + 92 42 35 788 700 However , this plight is not just increase in the cotton business
increase in the cotton business
However, this plight is not just
confined to Pakistan and all textile
confined to P akistan and all textile volume in P akistan after the
volume in Pakistan after the
Email: info@textalks.com
Email: info@textalks.com producing nations have come decrease due to which some hope
producing nations have come
decrease due to which some hope
Skype: textalks
Skype: textalks under the sun and utter stress due has been seen among the ginners
under the sun and utter stress due
has been seen among the ginners
who have stocks of cotton. There is
to demand destruction in Europe
to demand destruction in Europe who have stocks of cotton. There is
www.textalks.com and America. Indian textile makers' a severe financial crunch in textile
www.textalks.com
and America. Indian textile makers'
a severe financial crunch in textile
exports are slowing down as
exports are slowing down as sector worldwide due to recession.
sector worldwide due to recession.
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October/November 2022
October/November 2022