Pakistani exporters secure $3bn in Heimtextil orders

News Image

By MG News | January 24, 2025 at 04:58 PM GMT+05:00

0:00

January 24, 2025 (MLN): Pakistani exporters secured $3 billion in export orders at Heimtextil, the world's largest textile trade fair held in Frankfurt, Germany, as revealed by All Pakistan Bed-sheets & Upholstery Manufacturers Association (APBUMA) Central Chairman Imran Mehmood.

Appreciating the achievement, he emphasized the importance of Heimtextil, calling it a key revenue generator for Pakistan's textile sector.

He said that the year-long operation of Faisalabad textile sector was directly linked with the orders procured during this exhibition, as APP reported.

He further said that the government has fixed an ambitious target of enhancing exports from $30bn to $100bn during the next five years.

He appreciated the ambitious goal but stressed the need for a conducive and enabling business environment and immediate incentives for the export sector especially for Small and Medium Enterprises (SMEs).

Imran Mehmood termed SMEs as “growth engine” for national economy and demanded provision of low-interest loans to help the SMEs to manage rising cost of electricity, gas and yarn in addition to fully utilize installed capacity by employing additional workforce.

He proposed that the State Bank of Pakistan (SBP) and All Pakistan Bedsheets & Upholstery Manufacturers Association (APBUMA) should be assigned the task to oversee loan disbursements for ensuring its effective utilization.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 125,627.31
258.99M
1.00%
1248.25
ALLSHR 78,584.71
1,142.41M
1.16%
904.89
KSE30 38,153.79
69.25M
0.63%
238.06
KMI30 184,886.50
91.38M
0.01%
13.72
KMIALLSHR 53,763.81
554.57M
0.54%
290.61
BKTi 31,921.68
33.15M
1.78%
557.94
OGTi 27,773.98
9.65M
-0.40%
-112.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,885.00 108,105.00
107,505.00
-350.00
-0.32%
BRENT CRUDE 66.41 66.63
66.34
-0.33
-0.49%
RICHARDS BAY COAL MONTHLY 97.00 97.00
97.00
1.05
1.09%
ROTTERDAM COAL MONTHLY 107.65 107.65
105.85
1.25
1.17%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 64.72 65.02
64.67
-0.39
-0.60%
SUGAR #11 WORLD 16.19 16.74
16.14
-0.52
-3.11%

Chart of the Day


Latest News
July 01, 2025 at 06:00 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


June 30, 2025 at 11:55 PM GMT+05:00

TRG: Dominos Tumbling for the Management



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg