News Tags

Related Keywords: APTMA, custom duty on cotton, demands five percent rebate, demands wave off customs dutry, importers pay three percent, impose ten percent duty on import of artificial yarn and clothes, increase government finance, low cotton production, on cotton imports, on export of textile products, Textile Mills Association

All Pakistan Textile Mills Association (APTMA) in light of low cotton production has put forth the demands before the government to wave off customs duty on cotton imports and has also demanded a five percent rebate on export of textile products.

Currently the importers are paying three percent customs duty on cotton.

The textile mills association Chairman Tariq Saud said that at least 110 factories are shut at the time.

Related Keywords: clothing export, cost of doing textile business, cotton fabric export, cotton yarn in Pakistan, Pakistan’s textile industry, Textile Mills Association, textile value chain, yarn export

High cost of doing business has started hitting textile industry of Pakistan severely as further closure of operations of the textile mills have been reported to the association, said Tariq Saud, Chairman of All Pakistan Textile Mills Association (APTMA).

In November 2015, exports of cotton yarn and cotton fabric declined by 45% and 22%, respectively against the corresponding period in quantitative terms, which is an overall decline by 15% in value.