{"id":1137,"date":"2023-11-04T13:55:29","date_gmt":"2023-11-04T13:55:29","guid":{"rendered":"https:\/\/kbf.afeefpackages.com\/?p=1137"},"modified":"2023-11-06T07:39:42","modified_gmt":"2023-11-06T07:39:42","slug":"textile-exports","status":"publish","type":"post","link":"https:\/\/kbf.afeefpackages.com\/index.php\/2023\/11\/04\/textile-exports\/","title":{"rendered":"Textile exports record 5% rise in October after months of contraction"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1137\" class=\"elementor elementor-1137\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fb49101 elementor-hidden-tablet elementor-hidden-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fb49101\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\" data-e-bg-lazyload=\"\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-446b7d0\" data-id=\"446b7d0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c034e37 elementor-hidden-desktop elementor-hidden-tablet elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c034e37\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\" data-e-bg-lazyload=\"\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4eb7e8b\" data-id=\"4eb7e8b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3305f92b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3305f92b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-14c43c38\" data-id=\"14c43c38\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2d29f74 elementor-widget elementor-widget-spacer\" data-id=\"2d29f74\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container{height:100%;width:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty,.e-con>.elementor-widget-spacer.elementor-widget-empty{position:relative;min-height:22px;min-width:22px}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon,.e-con>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon{position:absolute;top:0;bottom:0;left:0;right:0;margin:auto;padding:0;width:22px;height:22px}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6e9eba6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6e9eba6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9f62451\" data-id=\"9f62451\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-36fe809 elementor-widget elementor-widget-text-editor\" data-id=\"36fe809\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>&#8220;Due to collective efforts, we are observing positive trends related to significant reduction in our trade deficit,&#8221; says Gohar Ejaz<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d0fe230 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d0fe230\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d64f7f4\" data-id=\"d64f7f4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8e634f9 elementor-widget elementor-widget-image\" data-id=\"8e634f9\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"700\" height=\"400\" src=\"https:\/\/kbf.afeefpackages.com\/wp-content\/uploads\/2023\/11\/517285_3615265_updates.webp\" class=\"attachment-large size-large wp-image-1140\" alt=\"\" srcset=\"https:\/\/kbf.afeefpackages.com\/wp-content\/uploads\/2023\/11\/517285_3615265_updates.webp 700w, https:\/\/kbf.afeefpackages.com\/wp-content\/uploads\/2023\/11\/517285_3615265_updates-300x171.webp 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a6fe084 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a6fe084\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4d7ad59\" data-id=\"4d7ad59\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1deecfe elementor-widget elementor-widget-text-editor\" data-id=\"1deecfe\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<ul>\n<li><b>Textile shipments increase to\u00a0$1.43bn in Oct: APTMA.<\/b><\/li>\n<li><b>Exports in first 4 months of current fiscal year declined by 7%.<\/b><\/li>\n<li><b>Downward trend in exports continued till September.<\/b><\/li>\n<\/ul>\n<p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8fcd515 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8fcd515\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c18d964\" data-id=\"c18d964\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9d38cda elementor-widget elementor-widget-text-editor\" data-id=\"9d38cda\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p><strong class=\"location-names\">KARACHI: <\/strong>Pakistan is set to launch its first-ever venture capital fund denominated in the local currency, aiming to boost the country\u2019s tech sector and support startups. Sai Venture Capital Private, a Lahore-based company, is spearheading this initiative, with plans to raise $10 million primarily from local investors.<\/p>\n<p>According to a Bloomberg report, Ahsan Jamil, the co-founder of Sai Venture Capital, said the fund is currently 40% committed, and it recently received approval from the Securities and Exchange Commission of Pakistan (SECP). Jamil emphasised the importance of local investors, stating, \u201cThe ecosystem doesn\u2019t develop until you have local smart capital.\u201d This move comes at a time when foreign funders have shown decreased interest in Pakistan.<\/p>\n<p>\u00a0<\/p>\n<p>Sai Venture Capital has already made investments in companies that provide services to enterprises in developed markets, as well as startups focusing on sectors like health, agriculture, and education. In a related development, Federal Caretaker Minister for Information Technology and Telecom, Dr Umar Saif, has expressed a commitment to attracting funding with the launch of the \u2018Pakistan Startup Fund.\u2019 This initiative is expected to draw venture capitalists to Pakistan and foster a vibrant startup culture in the country.<\/p>\n<p>Pakistan Software Houses Association (P@SHA), Chairman, Muhammad Zohaib Khan, quoted Saif as saying that the Ministry of Information Technology and Telecom is actively working on establishing the Pakistan Startup Fund, expected to draw venture capitalists to Pakistan and promote the startup culture in the country. This fund will be established using resources from IGNITE, the National Technology Fund, which is supported by the federal government\u2019s telecom industry revenues.<\/p>\n<p>These initiatives represent significant steps toward encouraging local investment in Pakistan\u2019s tech sector and supporting startups, contributing to the country\u2019s economic growth and technological advancement.<\/p>\n<p><em>Published in The Karachi Business Forum, November 4<sup>th<\/sup>, 2023.<\/em><\/p>\n<p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c57657d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c57657d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8d615a4\" data-id=\"8d615a4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c8f3370 elementor-widget elementor-widget-text-editor\" data-id=\"c8f3370\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p>Ejaz said the country is now witnessing economic stabilisation, as the trade deficit squeezed to $7.42 billion in the first four months of the current fiscal year (FY24) from $11.36 billion in the same period of FY23 because imports during July-October 2023 went down to $17.03 billion from $20.91 billion in the same period of 2022. Likewise, exports during July-October 2023 stayed at $9.61 billion, which were at $9.55 billion in the same period of 2022.<\/p>\n<p>Last month, APTMA asked the government to lower the electricity tariffs for the textile sector to make it competitive with regional countries.<\/p>\n<p>APTMA sought an electricity tariff without cross-subsidy of 10.85 rupees per unit being extended to non-productive sectors.\u00a0<\/p>\n<p>The textile industry is currently paying 16 cents per kilowatt-hour (kWh) for power, which is higher than the tariffs in Bangladesh, India and Vietnam.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>&#8220;Due to collective efforts, we are observing positive trends related to significant reduction in our trade deficit,&#8221; says Gohar Ejaz Textile shipments increase to\u00a0$1.43bn in Oct: APTMA. Exports in first 4 months of current fiscal year declined by 7%. Downward trend in exports continued till September. KARACHI: Pakistan is set to launch its first-ever venture [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1140,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/posts\/1137"}],"collection":[{"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/comments?post=1137"}],"version-history":[{"count":17,"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/posts\/1137\/revisions"}],"predecessor-version":[{"id":1434,"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/posts\/1137\/revisions\/1434"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/media\/1140"}],"wp:attachment":[{"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/media?parent=1137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/categories?post=1137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kbf.afeefpackages.com\/index.php\/wp-json\/wp\/v2\/tags?post=1137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}