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Tuesday, March 19, 2019
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ISLAMABAD: With a view to increase the investment in the textile sector and broaden the industrial base of the said sector, the government is set to extend subsidised loan credit to textile sector up to Rs600 billion under the Export Financing Scheme (EFS) and Long Term Financing Facility (LTFF). Under...
LAHORE:  In the wake of recent visit of Saudi Crown Prince Mohammad bin Salman to Pakistan, Saudi investors have invited the Pakistan Furniture Council (PFC) for further deliberations to enhance mutual cooperation and form joint ventures in the furniture sector. Also Read: Saudis express interest in Pakistan’s handmade furniture Chairing a meeting on...
KARACHI:  The knitwear garment export sector, while maintaining its top position in textile exports, recorded a growth of 16.25% in shipments in January 2019 compared to the same period of previous year. Exports of knitted garments reached $249 million in January 2019 compared to $214 million in January 2018, according to...
KARACHI: Despite a significant increase in the key interest rate over the past 13 months, the small and medium-sized enterprises (SMEs) made record borrowing from banks in the year ended December 31, 2018. “SME financing was recorded at Rs513 billion at the end of calendar year 2018 compared to Rs450 billion…last...
LAHORE:  A delegation of Saudi businessmen has expressed keen interest in Pakistan’s handmade traditional furniture and has underlined the need for enhancing collaboration with the Pakistan Furniture Council (PFC) to promote furniture business between the two countries. A business-to-business meeting was held on Monday between Saudi traders and a PFC delegation,...
LAHORE:  Pakistan’s retail sector was thought to be in a saturated mode, but this term was largely adopted by those trivial groups who prefer not to invest in constant innovation methodologies, human resources and research and development. Interestingly, the big retail groups like Sapphire, which is largely supported by its parent...
KARACHI:  The warehouse of the world’s largest e-commerce giant Amazon in New Jersey looks like any other ordinary warehouse in the world, but there is nothing ordinary about this facility. The Amazon fulfillment centres, as they call them, are different in the sense that there are no humans moving shelves and...
ISLAMABAD:  The federal cabinet on Thursday decided to provide gas and electricity to various industrial zones on an immediate basis in order to facilitate investors, Information Minister Fawad Chaudhry said. The cabinet met in Islamabad with Prime Minister Imran Khan in the chair. Briefing the media about the decisions, Chaudhry confirmed...
FAISALABAD:  Hosiery and knitwear are the main value-added sectors of the textile chain and the government must devise a practical strategy for upgrading existing small and medium enterprises (SMEs) working in these areas, suggested Faisalabad Chamber of Commerce and Industry (FCCI) President Syed Zia Alumdar Hussain. Speaking at the third ‘Knit...
LAHORE:  US furniture producers have expressed keen interest in handmade Pakistani traditional furniture and underscored the need for further deepening collaboration with the Pakistan Furniture Council (PFC) in order to promote the industry. Leading a delegation, Gurjatinder Singh Randhawa highlighted the existence of a significant potential for promoting Pakistan-US furniture...

Opinion

exports

Slow growth in exports

The performance of exports in the first eight months of 2018-19 has been disappointing. According to the monthly trade statistics of the PBS the...