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Cotton Ginners Association demands increase in import duty of thread, silk cotton

MULTAN: Pakistan Cotton Ginners Association has demanded from the government to increase the import regulatory duty of thread and silk cotton. Chairman Pakistan Cotton Ginners Association Haji Muhammad Akram was talking to media along with Shehzad Ali Khan, Sohail Mehmood, Sheikh Asim Saeed and Riaz Hussain Qureshi that government should increase the import regulatory duty on cotton yarn from 5 ... Read More »

14,800 cotton bales changed hand at spot rate of Rs4,800-5,100 amid dressed trading

  KARACHI: Falling world crude prices coupled with demand for lint in the world markets and rising political uncertainty in the country kept the trading at cotton market slowed and depressed while the Karachi Cotton Association (KCA) spot rates remained were steady at previous level. As per market reports, though the Trading Corporation of Pakistan has signed accords with ginners ... Read More »

$2.3b loss: Aptma rings alarm bells over 22% decline in exports  

LAHORE: All Pakistan textile Mills Association (Aptma) Central Chairman S.M Tanveer has showed grave concerns over continuous decline in textile exports over the last six months. S.M. Tanveer, chairman of the association, apprehended that textile industry will lose $2.3 billion exports in case no immediate remedial mea­sures are taken on energy supply by the government. Tanveer further predicted decline in ... Read More »

5pc ST on oil-cake: FBR seeks substitute proposals from PCGA

MULTAN: Pakistan Cotton Ginners Association (PCGA) Vice Chairman Asim Saeed Sheikh claimed that the Federal Board of Revenue (FBR) had sought substitute proposals in case of non-imposition of five percent sales tax on oil-cake (Khal). According to a PCGA release, a delegation of the association led by its VC Asim Saeed Shiekh met Chief Commissioner RTO In-Land Revenue Mohammad Jameel ... Read More »