PTA wants uninterrupted power supply to prevent hides from damage on September 17, 2016KARACHI: The export of leather goods and allied articles would suffer a loss of around $300 million to $350 million in case the government fails to ensure uninterrupted supply of electricity and gas to the leather industry for next two months. This was necessary for the smooth processing of hides and skins of sacrificial animals […]
Pakistanis to sacrifice over 12.20m animals on September 12, 2016 KARACHI: Pakistan Tanners Association (PTA) said this year Eidul Azha would generate around Rs 18.76 billion through skins and hides as approximately 12.20 million sacrificial animals would be slaughtered in the country. Agha Saiddain, a senior member of PTA, told Daily Times that in the three days of Eidul Azha 7.93 million goats, 3.41 […]
Demand for refrigerators, freezers rises by 15-20% on September 8, 2016KARACHI: Sales of deep freezers and refrigerators recorded an increase of around 15-20 percent this Eid-ul-Azha, importers and traders said. “On every Eid-e-Qurban, usually sale attracts additional buyers of total annual Hijra year sale”, Arshad Saeed, member of Karachi Electronic Dealers Association said. Despite hike in average price of a freezer around by Rs 3,000 […]
Need to remove snags to boost furniture export on September 3, 2016KARACHI: All Pakistan Furniture Exporters Association (APFEA) urged government to remove snags hampering export of furniture and take steps to curb sheesham wood smuggling in garb of raw material. Senior member APFEA, Maqbool Sheikh said the industry was also facing sheesham wood depletion due to low plantation and illegal cutting of trees. Export of furniture […]
Marble mining, excavation activities better in FATA, Mohmand Agency on September 1, 2016KARACHI: Mining and excavation activities have become normal at major deposits of world quality marble and granite in Mohmand, Khyber, Bajour and Kurram agencies of Federally Administered Tribal Areas (FATA). “The stakeholders and licensed miners were working to normalise activities at major zones where huge quantities of marble are extracted. These deposits have great variety […]
Marble industry suffering heavily at the hands of load shedding on August 22, 2016KARACHI: The marble industry in Pakistan is facing acute power load shedding and frequent power breakdowns, adding further agony to the traders. The marble sector is an important part of the small and medium enterprises (SMEs) of Pakistan while marble industries operating in Karachi remained the biggest contributors in this sector. As per figures, the […]
Tanners’ representatives list problems facing leather industry on August 4, 2016KARACHI: Multiple factors are affecting export of Pakistani leather and leather products to various countries, people associated with the business told Daily Times on Thursday. Pakistan Tanners Association (PTA) representatives said that a decline in exports of leather and allied products from July 2015 to June 2016 was alarming. Leather exports declined by 26 per […]
Automation of refund system can ease payments: exporters on July 30, 2016KARACHI: Automation of the refund system will alleviate concerns of the business community and reduce load on Federal Board of Revenue (FBR). This refund system would end delay in payments and trigger exports, which are under pressure for last some years on less liquidity and on international recession. The representatives of export-oriented sectors including textile, […]
Marble exports decline by $16.55m in FY 2015-16 on July 29, 2016KARACHI: Overall exports in the marble sector stood at $53.43 million during July 2015 to June 2016, registering a decline of around $16.55 million as compared to the preceding fiscal year (2014-15), in which the exports stood at $69.98 million, All Pakistan Marble Mining Processing Industry and Exporters Association (APMMPIEA) said on Thursday. APMMPIEA […]
APTMA for removal of duties on imported cotton yarn on July 21, 2016KARACHI: The government must immediately remove four percent Customs duty and five percent sales tax on the import of cotton, which would enable the spinning industry function properly. The All Pakistan Textile Mills Association (APTMA) has said that free trade in cotton would serve the interests of all segments of the textile chain and also […]