CII has come up with some set of recommendations for the government which ranged from implementing an urban job guarantee policy to coming up with ways to strengthen the supply chain of MSME firms.
The pressure on the foreign reserves in Pakistan has been eased down because of the increase in the exports of textile last year.
The viscose staple fibre that originates in or is imported from China or Indonesia is subject to ADD which is now being revoked by the Union government.
Rieter to dismiss two members of the Board of Directors – Luc Tack and Stefaan Haspeslagh – for violating the Rieter Code of Conduct. The Board of Directors will also file a criminal complaint against these two members.
BTMA has advised its export-oriented yarn makers not to increase the prices of yarn any further. It has also been suggested that the PI should be held valid for 15 days instead of 7 days.
Bangladesh
As per the Karachi Cotton Association, the price for whit lint is fixed at Rs 13,580 per maund while on the other hand, the seed cotton prices are between Rs 5,200 and Rs 6,200 per maund.
Cotton Association of India (CAI) has increased its consumption estimate for the current crop year by 5 lakh bales to 330 lakh bales of 170 kgs each from its previous estimate of 325 lakh bales of 170 kgs each.