Related Keywords: demanded imposition, import of Indian yarn, Pakistan yarn merchant association, PYMA, regulatory duty of 15 percent
Having witnessed that Indian yarn import into Pakistan have quadrupled within six months impacting negatively on the Pakistan local market, Pakistan Yarn Merchants Association has demanded imposition of 15 percent regulatory duty on imports of cotton yarn from India.
PYMA zonal chairman Muhammad Akram Pasha and zonal vice chairman Adnan Zahid on Saturday, stated that during the six months of year 2014 July to December total quantity of yarn imported from India was Rs 15.8 billion while in the same period of preceding year the total import was Rs 4.2 billion.
