Industrial and domestic power outages have reached a historic level in Punjab, threatening the livelihoods of millions of workers, All Pakistan Textile Mills Association’s (Aptma) leadership said. “We strongly protest against Punjab-specific domestic and industrial power outages” Aptma Chairman Ahsan Bashir said, while addressing a press conference. He said that power distribution companies cut off eight hours of power supply for the textile industry on Sunday and have now threatened to stop t

Growth in retail sales slowed last month despite a boost from an early Easter, as unseasonably cold weather hurt demand for summer clothes and shoes, industry data showed on Tuesday. The British Retail Consortium said retail sales values rose 1.9 percent from a year earlier on a like-for-like measure, which strips out changes in stores' floor space and is favoured by equity analysts. That compared with a 2.7 percent increase in February. The total value of sales grew by 3.7 percent in Mar

Imaginechina/Zuma Press Prada has 25 boutiques in China, including this one in Shanghai. 'Our expansion is not complete,' said Deputy Chairman Carlo Mazzi. Prada SpA's sharp focus on Asia resulted in a 72% rise in profit for its most recent fiscal year, a sign that one of the luxury-goods industry's biggest bets on the growing Chinese market is paying off. Prada—which includes the main Prada label as well as Miu Miu, Church's and Car Shoe—said Thursday that net income for the year ended

The energy-starved leather industry had largest ever participation in Asian Pacific Leather Fair Hong Kong this year. More than 75 companies participated in the fair. Pakistan first time participated in global contest of tannery of the year 2013 and Pakistani tannery based at Lahore was decorated with first position in highly commended award of Asia and was declared second best tannery in Asia after Japan. The award ceremony was held in Hong Kong among hundreds of tanners from all over the world

Image problem and energy shortage are two major challenges of textile industry in Pakistan that lost $10 billion export opportunity in last seven years while the regional competitors grew enormously during the same time. This was stated by Secretary APTMA Punjab Anis-ul-Haq during a detailed presentation on the APTMA and Sustainable Production Centre to visiting German delegation. A German delegation from Federal Ministry for Economic Cooperation & Development, German Embassy, KFW Ban

Indian textile and garment manufacturers are eyeing on emerging markets, including South America, Japan, Australia, New Zealand and Africa, for exports. According to industry representatives, Indian textile sector witnessed a negative growth mainly due to decline in clothing exports in 2012-13. However, exports to non-traditional markets recorded positive growth during this period and the textile and apparel makers expect the growth to continue in the current fiscal year. Speakin

Shipment orders of apparel worth about US$ 2.208 million were cancelled over the last one and half months due to failure in maintaining shipment time because of observance of hartal and political unrests. The companies also incurred a loss of US$ 0.896 million because of razing of the consignments while on their way to the port. “The buyers had negotiated prices, the fabrics and accessories had come and we had sewn the cloths. But, finally, the orders got cancelled,” said Atiqul Islam, p

Bangladesh today unveils the sad tale of a country - one that has been ravaged by man-made disasters which are nothing but frequent hartals. A joint statement last Monday (April 01) by the Bangladesh Garments Manufacturers and Exporters Association (BGMEA) and the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) brought to the fore the shocks that the economy suffers from regular shutdowns. This should be a grim reminder of the fallout from the politicians' use of the tool of

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) – the two apex bodies of Bangladesh garment sector have jointly urged the political parties to withdraw their call for shutdown. The associations have made the plea in view of the call for a day long hartal on April 8 given by Hefajat-e-Islam and a 36-hour strike call beginning the morning of April 9 given by the Bangladesh National Party (BNP)-led 18-part

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