Pakistan already has 5 percent import duty on import of cotton yarn with the government’s proposal of additional import duty the value added textile sector will be unable to import cotton yarn from India, as it will greatly increase their cost of doing business.
Textile value added sector flayed government’s proposal imposing additional duty on import of cotton yarn from India.
Value added textile sector would find it expensive to import yarn from India, which otherwise they could import if there was absolutely no duty imposed by the government thereby greatly enhancing their exports.
Value added textile export sector contributing more than 80 percent of total textile exports of country and generates employment around 38 percent of the total employment of industries needs protection.
Chairman of Pakistan Apparel Forum Jawed Bilwani said that already 5 percent import duty on import of cotton yarn, which should be withdrawn and this proposal on the behest of some large spinners having integrated units would greatly hamper cost of doing business of value added textile sector, the sector exports earnings stood at $11.49 billion yearly more than that of these spinners.
Spinners lobby always voiced vociferous support for free market mechanism and neither rein on imports of cotton yarn nor any duty on import of cotton yarn.
All over the world export of raw material is greatly discouraged and restricted however import of raw material is always allowed for value addition and earning more foreign exchange.
Swisstulle adopted JigMaster for its dyeing and finishing operations, especially for high-quality technical textiles used in fashion and automotive industries.
Birla Cellulose, a leader under the Aditya Birla Group, has announced a long-term partnership with Circ, a U.S.-based textile recycling…
CARBIOS has collaborated with leading brands Patagonia, PUMA, Salomon etc. to create a groundbreaking polyester garment made entirely from textile…
Yangi, renowned for its renewable packaging solutions, has launched a fiber-based food tray as a sustainable alternative to plastic trays…
The European Tarpaulife Project is working on polyolefin-coated fabrics, such as polyethylene, that can be manufactured to compete with PVC-coated…
Better Cotton has joined the global non-profit alliance, Cascale, in a three-year project aimed at standardising LCA methods across the…