| KARACHI: Spot rate slashed to Rs 6,300; prices fall on cotton market as phutti arrivals pick up (August 23, 11)|
Seedcotton prices fell on the cotton market on Monday as picking operation accelerated after fresh rains in cotton growing areas, dealers said. The Karachi Cotton Association (KCA) official spot rate was curtailed by Rs 200 to Rs 6,300, they said. In the ready business nearly 8,000 bales of cotton changed hands between Rs 6300-6550, they said.
| PAKISTAN: Economic recession in West and business slowdown in East, forecast pessimistic cotton outlook (August 23, 11)|
The last week rain session, perhaps the last one of this season, is now over and weather has become clear and sunny almost in all cotton areas of Sindh and Punjab provinces which would help rain affected cotton plants recover somewhat. With the improvement in weather conditions, cotton activities in the fields have been restored which were lying suspended due to rains.
| BANGLADESH: Primary textiles see slow investment (August 22, 11)|
Fresh investment in the primary textile sector is declining because of an uncertainty in the gas and power connections and a lack of capital adequacy, said businessmen.
| BANGLADESH: Bangladesh textile millers threaten to shut (August 22, 11)|
Textile manufacturers in Bangladesh said they might be forced close their factories unless the government acts to provide more cash incentives and restrictions on imported yarn and fabrics from India. "Without these measures we can not survive," said Jahangir Alamin, president of Bangladesh Textile Mills Association.
| VIETNAM: Partners to offer shelter for storm hit textile firms (August 22, 11)|
Textile and garment firms have a growing appetite to hook up with domestic and foreign partners amid uncertain economy.
| PAKISTAN: Gohar Ejaz group clean sweeps APTMA elections (August 20, 11)|
Gohar Ejaz group has made a clean sweep for second consecutive year in All Pakistan Textile Mills Association (APTMA) annual elections for 2011-12. The sitting Gohar Ejaz group is likely to secure all 12 seats of Central Management Committee (CMC), as no nomination paper was filed by the opponents for APTMA annual elections 2011-12.