Related Keywords: demand for yarn in Pakistan, spun yarn industry in Pakistan, textile industry in Pakistan, yarn demand from China, yarn production in Pakistan, Yarn spinners in Punjab
Yarn spinners in Punjab region are headed for another crisis which can force them to stop production or to close down factories to avoid losses. A mix of domestic and regional factors has been forcing many spinners to stop buying cotton and production until the market stabilises. This has led to unsold stock to pile up at ginners.
Regional issues that have made domestic yarn spinning unviable include slowing demand from Chinese demand for Pakistani yarn and a five per cent rebate allowed by India on its yarn exports since January.
