PHMA urges duty free import of yarn from India to shun monopoly

Pakistan Hosiery Manufacturers Association (PHMA) during the apparel sector meeting with Abbas Khan Afridi, Federal minister for textile industry urged that the yarn imported from India should be exempted from duty to put a stop to monopolization by the local spinning industry.

PHMA on analyzing trade with India found that the imposition of import duty on raw materials such as yarn will create a negative impact the apparel export sector. The tax imposition will allow local yarn manufacturers to maintain higher prices to restrict competition; which will make it difficult for exporters to survive.

The PHMA put forward the requirement of small quantity of gas and power on regular basis by the value-added apparel sector to gain benefits of the GSP plus scheme and stay in competition with countries like India and Bangladesh.

Recent Posts

Teijin Frontier develops innovative fabric

Teijin Frontier has introduced a next-generation fabric with dual-layer knitted technology that offers contact cooling and prevents sweat-induced stickiness.

6 hours ago

GTT partners with Golden Long John for sustainable fabric dyeing

GTT has partnered with Golden Long John, a supplier for global footwear brands, to advance cleaner and more efficient fabric…

6 hours ago

Ventile collaborates for biodynamic cotton farming in Egypt

Ventile has collaborated with EBDA to promote biodynamic farming in Egypt, marking the second year of focusing on supporting sustainable…

6 hours ago

Von Holzhausen launches sustainable carry sling for Apple Vision Pro

Von Holzhausen, a material innovation company, has introduced the Apple Vision Pro Carry Sling, a sustainable, hands-free accessory designed for…

1 day ago

Pune to establish first textile waste processing unit

The PMC is set to establish the city’s first dedicated textile waste processing facility to manage the 100-125 tonnes of…

1 day ago

Scientists develop biodegradable health monitoring e-textiles

A research team has introduced a new concept for wearable electronic textiles (e-textiles) that are both environmentally friendly and biodegradable.

1 day ago