Marble export stands at $39.46m in July-June 2017, dips 32% on July 12, 2017KARACHI: The overall marble sector export stood at $39.46 million during July-June 2017, registered a decline of around $18.50 million as compared to the same period last year that stood at $57.97 million, All Pakistan Marble Mining Processing Industry and Exporters Association (APMMPIEA) said. Chairman APMMPIEA Sanaullah Khan said the export target for fiscal year […]
SBP cannot be blamed alone for rupee plunge on July 9, 2017KARACHI: There has been probably administrative and information communication gap on part of State Bank of Pakistan (SBP) that has dragged down value of domestic currency versus greenback on last Wednesday but the fundamentals would never be changed and would remain stand intact on course. In the open market the dollar increased by 3.50 paisas […]
Cotton prices to stay firm despite transient depression on July 8, 2017KARACHI: In spite of the fact cotton prices in the country have been facing a slight correction but would remain on the higher side due to the growing demand of the commodity by textile and spinning sectors besides higher cost of imports, trade people have opined. Import of cotton is not viable as its international […]
Cotton prices to stay firm despite transient depression on July 7, 2017KARACHI: In spite of the fact cotton prices in the country have been facing a slight correction but would remain on the higher side due to the growing demand of the commodity by textile and spinning sectors besides higher cost of imports, trade people have opined. Import of cotton is not viable as its international […]
KPT handled 52.49m tonnes of cargo in FY16-17 on July 6, 2017KARACHI: Cargo handling at Karachi Port Trust (KPT) has showed an improvement during July-June 2016-17 fiscal comparing to same period in previous year. The cargo handling operations, including export and import at KPT has remained brisk in financial year 2016-17. The total cargo handling closed at 52.49 million tonnes whereas the same remained 50.05 million […]
Cotton sector urges govt to take measures against virus attack on July 5, 2017KARACHI: The leading stakeholders of cotton sector have urged Ministry of Textile and Cotton Crop Assessment Committee (CCAC) for taking corrective measures to avoid possible damage to crop following recent rains and possible virus attack. Representatives from All Pakistan Textile Mills Association, Pakistan Cotton Ginners Association, Karachi Cotton Association, Pakistan Yarn Merchants Association and Sindh […]
IBF can bring prosperity to Pakistan on July 4, 2017KARACHI: Islamic Banking and Finance (IBF) system can bring prosperity to society, if we act seriously on Islamic way of life especially in our financial matters. The Islamic financial system experts mentioned banking system in country having excellent opportunities for investment in various sectors like hydel power, minerals, forests, tourism and other natural resources etc […]
Surgical sector facing multiple problems, exports declining on July 1, 2017 KARACHI: The surgical sector, one of the five prime export-oriented sectors of the country has been facing multiple problems. The leakage of production technology, rise in production cost of surgical instruments and the export of steel scrap are causing havoc for the metal-related industries as scrap is the major source of locally produced stainless […]
Industrial zones sought for upholstery sector on June 29, 2017KARACHI: The upholstery sector is in dire need of dedicated industrial zones across the country. This was stated by the All Pakistan Bedsheet and Upholstery Manufacturers Association (APBUMA). The Ministry for Textile Industry and other government departments concerned should start work on modern lines on this project in order to boost exports of the sector, […]
Use of plastic money for shoe buying increases 7% this Ramazan on June 24, 2017KARACHI: The purchase of shoes at leading shoe outlets through credit cards (plastic money) increased from 5 percent to 7-8 percent as against the last Eidul Fitr season, shoes outlet managers have informed. The mounting use of plastic money by commercial banks’ customers is on one hand safer than carrying cash from snatching while it’s […]