| MUMBAI: Domestic textile firms hit by duty-free imports from B'desh (September 03, 11)|
In a major setback to the already struggling domestic textile industry, the government may remove 61 items, including 48 readymade garments, from the list of protected goods India has so far maintained under Safta, its free trade agreement with SAARC countries.
| KARACHI: Sellers remain under pressure on slow buying (August 27, 11)|
KARACHI: Buyers remained cautious for grade and bought selective lots amid firm spot rate with fine lint in focus, traders at Karachi Cotton Association (KCA) said on Friday.
| KARACHI: Activity on cotton market slows down due to transportation problem (August 27, 11)|
Trading activity came down on the cotton market on Friday as traders were facing transportation problem ahead of Eid-ul-Fitr, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6000, they said. The prices of seedcotton in Sindh were unchanged at Rs 2500-2600 and rates in Punjab also retained the overnight level at Rs 2200-2800, they said. Nearly 8,000 bales of cotton changed hands between Rs 5,800-6000, dealers said.
| CHINA: Sino-Germany Sustainable Industrial Textiles Development Forum Opens Soon (August 27, 11)|
Sino-Germany Sustainable Industrial Textiles Development Forum will be held on Sep.15 by China Nonwovens & Industrial Textiles Association, which will further boost the cooperation between China and Germany on sustainable industrial textiles.
| DHAKA: Helping the troubled textile mills (August 24, 11)|
The country's textile and spinning mills have been in the news for quite sometime because of the price volatility in the global cotton market. The mills are now in dire straits mainly because of two factors -- the abrupt fall in cotton prices after an astronomical rise and the changes brought about by the European Union (EU) in the Rules of Origin (RoO) under its Generalised System of Preferences (GSP) facility since January 01 this year. In recent months, the sale of both locally manufactured yarn and fabrics has declined steeply as they are costlier than the imported yarn and fabrics.
| PAKISTAN: Time period for cotton ginners scaled down: maintenance of tax records (August 24, 11)|
The Federal Board of Revenue has decided to reduce five years time period for maintenance of tax records to one year for cotton ginners. Sources told Business Recorder here on Tuesday that the FBR has fulfilled a major demand of the cotton ginners by reducing the period of maintenance of tax record from 5 to one year. This would simplify maintenance of the documentation by the cotton ginners, who are engaged in seasonal business on annual basis.