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Related Keywords: all markets across the world, allow yarn imports, allowed under legal channel of import, documents against payments, letter of credit, meet requirement of local weaving and knitting industry, put fabric import from Dubai on the negative list, PYMA, save the local downstream industry, solve conflict over regulatory duty on PFY, urge government

To meet the three-fourth requirements of the local weaving and knitting industry, Pakistani government being urged by traders to allow yarn imports from all markets across the world. This will also solve the conflict over the regulatory duty on polyester filament yarn.

Related Keywords: collapse of cotton crop, drag exports down, farming communities, firm measures, hit forex reserves, Low cotton output, reduced output resulting in imports, safeguard cotton growers, safeguard the rights of planters, UIG, United International Group, urge government

The United International Group (UIG) has urged the government for firm measures to protect cotton growers from any unpleasant situation in the future lest it bring down the annual production, said Mian Shahid, Chairman of the UIG.

Mian Shahid demanded steps aimed at safeguarding the rights of planters who are in pain due to collapse of cotton crop. Low cotton output is hurting millions of families in the farming communities and it is to drag exports down and GDP which is unacceptable.

Related Keywords: announce new trade policy without further delay, export-oriented industry struggling for survival., from loyal buyers, Lasbela Chamber of Commerce and Industry, need of the hour, Strategic Trade Policy Framework package, textile exporters not receiving enough orders, to stay in the competition, urge government

Prime Minister Nawaz Sharif promised to announce the Strategic Trade Policy Framework (STPF) package a few months ago but the government is unable to understand the urgency. The Lasbela Chamber of Commerce and Industry (LCCI) President Maqsood Ismail said that as trade and industrial policy is need of the hour, urged the government to announce new trade policy without further delay.

He appealed the prime minister to give priority to the industrial sector and rescue the economy as the textile exporters are not receiving enough orders from their loyal buyers to stay in the competition.

Related Keywords: curb smuggling of textile material, electricity supply, formuation of protectionist policy, losing revenue in taxes, Nigerian Textile industry, raw materials, textile revival intervention fund, urge government

Nigerian textile industry urging the government to find a win-a-win solution to curb the smuggling activities of textile materials into the country due to which the economy is losing so much in terms of revenue in taxes.

Also as a result of the smuggling activities, the 100b textile revival intervention fund introduced by the federal government will not be able to achieve much. The cost of manufacturing textiles in Nigeria is too high, allowing room for cheap foreign goods to be imported.