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Related Keywords: demanded of the government to rein in an uncontrolled increase in the prices of yarn and save the local industry, domestic filament yarn producers are getting undue advantage of regulatory duty imposed on imported polyester fibre, duty on imported polyester filament yarn was higher than imported polyester fabric, Pakistan yarn merchant association, unavailability of yarn raw material according to the local demand, which was against the law

The Pakistan Yarn Merchant Association office bearer further said the duty on imported polyester filament yarn was higher than imported polyester fabric, which was against the law and had devastated the whole polyester chain cascading system.“Polyester filament yarn is not a luxury item but only a raw material,” he said.

Related Keywords: affecting the cotton spinning industry, check contamination of cotton, contamination continues to be the most serious problem, during storage, introduce cotton standardisation system, Karachi Cotton Association, Pakistan yarn merchant association, transportation of seed cotton, use of jute bags

Pakistan is the fifth largest producer of cotton in the world, the third largest exporter of raw cotton, the fourth largest consumer of cotton and the largest exporter of cotton yarn in the world. Pakistani cotton and cotton products contribute about 11 percent to gross domestic product and 56 percent to the foreign exchange earnings. However, the governments have failed to implement the ban on the use of jute and polypropylene bags for the transportation of seed cotton.

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.