Related Keywords: artificial shortage of cotton yarn, created by spinning, facing severe cotton yarn shortage, further price hike, ginning industry, holding stock, immediate removal of regulatory duty, international buyers planning to place orders for Christmas, local garment industry, not entertaining buyers, Pakistan apparel industry, PRGMEA, price factor
Pakistan apparel industry has been facing severe shortage of cotton yarn at a time when international buyers are planning to place orders for Christmas. The local garment industry due to price factor and especially owing to artificial shortage of cotton yarn created by the spinning as well as ginning industry, which are holding stock in the hope of further price hike, are not able to entertain the international buyers, said Pakistan Readymade Garments Manufacturers & Exporters Association (Prgmea) chief coordinator Ijaz Khokhar.
