Industry

Pakistan: Textile Exporters Oppose Tax Regime Shift, Cite Export Disruption

Textile Insights June 25, 2024

Value-added textile exporters have vehemently opposed the proposed transition from the one percent turnover-based Final Tax Regime (FTR) to standard taxation at 29 percent of taxable profit. They argue that such a move, if implemented through the Finance Bill 2024, would severely harm exports

Financial Results

Net Profits Of Pak Listed Textile Companies Drop 64.2% In Q1

Textile Insights May 13, 2024

The stress on Pakistan’s Karachi Stock Exchange (KSE) listed textile and garment manufacturing companies continued into the first quarter of 2024 as the sector grappled with various challenges. So, while the KSE-100 Index broke all previous records, KSE listed textile and apparel sector companies posted a 64.2 percent year on year drop in net profits […]

Economy

Pakistan Textile Sector Faces Risk Of 50% Closures: APTMA

Textile Insights February 16, 2024

The Pakistan textile industry faces risk of closure of 50 percent of companies due to soaring energy prices. “Urgent government action is needed to address the crisis and safeguard the sector’s competitiveness, employment, and economic stability,” the All Pakistan Textiles Mills Association (APTMA) said. APTMA added that escalating energy prices threaten survival of

Industry

China & Pakistan To Increase Cooperation In Textile Sector

Textile Insights December 16, 2023

A Chinese delegation compromising of leaders from the textile industry met with the Pakistan Commerce and Industry Minister to explore opportunities for cooperation in the textile industry. The Vice President of China Chamber of Commerce for Import and Export of Textiles (CCCT) Zhang Xinmin held talks with Minister for Commerce and Industry, Dr Gohar Ejaz. […]

Industry

Pakistan Textile Sector Seeks Subsidies To Boost Exports

Textile Insights October 9, 2023

Exporters from the Pakistani textile industry are seeking subsides and incentives to boost the prospects of the exports industry, which is reeling under a slowdown. These incentives include preferential cost-based electricity tariff, deferral of principal and interest payments on loans and restoration of a no-sales tax payment scheme. The industry also proposed priority