Related Keywords: cotton index, fabric industry, regulatory duty on yarns, spinning mills in Pakistan, textile industry of Pakistan, textile mills in Pakistan, weaving mills
All Pakistan Textile Mills Association (APTMA) Central Chairman Tariq Saud stated that the government’s decision of imposing regulatory duty of 10% on yarn and fabric is sensible and based on thorough facts.
Around 40% capacity of spinning, weaving and processing mills has become impaired, closed and inoperative.
In this situation, the government’s decision would play a crucial role in saving the textile industry of Pakistan to come out of the crisis, said Tariq.
