Faisalabad: Industrialists refuse to follow gas load-management schedule

Industrialists and factory

owners of Faisalabad have categorically refused to follow the new gas load-management plan of Sui Northern Ga s Pipelines Limited and have started the regular work at all factories , trendpk.Com reported on Saturday. However gas suplly has been reduced by 70-80% in the city.

Industrialists are of the view that the government had announced a two-day off of gas supply but now the gas companies are not following the agreed schedule. 6 giants of the textile industry have said that if the present 3-day off schedule continues till the next week then they would initiate a movement against the decision after Ashura-e Muharram. Industrialists have also said that only Punjab is being hit by cutting gas supply while no factorty has been closed in any other province.

Faisalabad textile industry close for two days’ gas load shedding

Staff Report

FAISALABAD: Due to the weekly gas break the textile industry of Faisalabad has been closed for two days on Monday.

The local industrialists have protested many times against the weekly gas load shedding but the government has rejected it.

From today, the gas supply of Faisalabad’s textile industries will remain halted for two days and all textile mills will remain closed.

Now combinedly, for two days of gas break and three days of Eid-ul-Adha’s holidays, all textile mills will remain closed for continues five days and more than half a million laborers, working on daily wages, will be deprived of their wages. SAMA

Pak carpet exhibition to be held in Jakarta

ISLAMABAD: The Embassy of Pakistan in Jakarta has chalked out a plan to hold the first ever Pakistani carpets exhibition in Indonesia aiming to attract large local clientele, senior government functionaries, sizeable expatriates and diplomatic community.

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Pak carpet exhibition to be held in Jakarta

APTMA calls off strike

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has calls off its indefinite strike of the spinning mills after meeting with the Federal Minister for Textile Industry Rana Muhammad Farooq Saeed Khan.

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APTMA calls off strike

Some Elements Are Trying To Misguide Business Community: Farooq Saeed

Federal Minister for Textile Industry Rana Muhammad Farooq Saeed Khan has said that if necessary the government would buy cotton from the farmers next year.
Rana Farooq said that the statements regarding the issues of yarn exports are ambiguous and some elements are trying to misguide business community in this regard. The minister informed that the government has issued quota for exporting 537 million kilograms of yarn but as much as 614 million kilograms of yarn would be exported. He expressed the resolve that all genuine problems of the textile sector would be solved on priority basis as government is serious in mitigating the sufferings of all stakeholders.
He said that the government is fully committed to facilitate the business community particularly textile industry so as to increase the exports of this sector. He Khan maintained that the government had to face multifarious problems like load-shedding, terrorism and extremism which jolted the country’s economy during the past two years.

Karachi: Garments And Textile Technology Exhibition

An exhibition of garments and textile technology began in Karachi. More than 300 companies from 29 countries are taking part in the exhibition. The exhibition was inaugurated by Provincial Minister for Trade and Commerce Rauf Sadiqui.
Addressing the participants, Rauf said that the government is primarily responsible for providing feasible environment to investors; however he added that the textile sector should also play their role. The textile and garment sector should adopt latest management rules in order to enhance performance. He hoped that the exhibition would play a central role in order to achieve the goal of enhanced performance.

Sugar reserves reduces to 200,000 tons as crisis continues

Full Story And Original Content.TrendPK.com KARACHI: The Trading Corporation of Pakistan (TCP) will start import of 500,000 tons of sugar from next month. Chairman TCP Saeed Ahmad Khan said this while talking to Geo News.

Full Story And Original Content.TrendPK.com KARACHI: The Trading Corporation of Pakistan (TCP) will start import of 500,000 tons of sugar from next month.
Chairman TCP Saeed Ahmad Khan said this while talking to Geo News. He said there are only 200,000 tons of sugar reserves left and it will further lessen in coming weeks due [...]

Bulls contribute 106 points to 100 Index

Full Story And Original Content.TrendPK.com KARACHI: Karachi Stock Exchange (KSE) witnessed bullish activity as the benchmark KSE-100 Index gained 106 points to close at 9,251. The market opened with green numbers and remained in the positive territory throughout the session.

Full Story And Original Content.TrendPK.com KARACHI: Karachi Stock Exchange (KSE) witnessed bullish activity as the benchmark KSE-100 Index gained 106 points to close at 9,251.
The market opened with green numbers and remained in the positive territory throughout the session.
The reports of reduction in the cut-off yield on one-year term T-Bills and slashing of the discount rate [...]

Textile minister ensures resolving industry problems

Full Story And Original Content.TrendPK.com ISLAMABAD: Federal Minister for Textile Industry Rana Muhammad Farooq Saeed Khan said that government is committed to resolving all textile related matters on priority basis for the development of industry in the country. Chairing a meeting, which was held to discuss emerging trends in cotton

Full Story And Original Content.TrendPK.com ISLAMABAD: Federal Minister for Textile Industry Rana Muhammad Farooq Saeed Khan said that government is committed to resolving all textile related matters on priority basis for the development of industry in the country.
Chairing a meeting, which was held to discuss emerging trends in cotton [...]