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COVER STORY

TEXTILE INDUSTRY

Nov  04 - 10, 2002    
ISSUE # 44  

The production of cotton cloth in Pakistan has increased by 15 per cent while cotton yarn went up by 4.5 per cent. The spinning sector witnesses boom in the last three years and the industry re-invested its profit for new equipment. Besides revival of the sick units, 150,000 spindles had also been added to the working capacity during last three years. An investment of Rs40 billion had been made by the textile industry last one and a half year under Textile Vision program being monitored by the State Bank of Pakistan. An investment of Rs23 billion in textile spinning sector, Rs.5 billion in weaving, Rs4 billion in polyester fiber, Rs3 billion in processing and Rs.4 billion in knitting and garment sectors have been made. Over Rs50 billion were spent on the expansion of different units in the last two years.

polyester fiber, Rs3 billion in processing and Rs.4 billion in knitting and garment sectors have
been made. Over Rs50 billion were spent on the expansion of different units in the last two years.

 

LISTED COMPANIES
In this story effort has been made to explore the ways to reduce number of listed companies on Karachi Stock Exchange and also outline a time frame to delist them. The cut-off point is minimum Rs 100 million paid up capital. The companies with less than this level are most prominent on the defaulters list.

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FREE ELETTER SERVICE
A US-based website- www.mailmymail.com- has introduced an innovative service to allow Pakistani expatriates to deliver their emails as eletters to their family and friends irrespective of where they reside in the country. The service not only offer savings in postage but also cuts delivery time by half compared to regular international mail. PAGE highlights the potential benefits of the service to people and society.

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