Home / Knowledge / News / Textiles / Pak textile bodies seek ban on cotton & yarn exports
Pak textile bodies seek ban on cotton & yarn exports
18
Jan '12
Several textile associations in Pakistan have urged the Government to either ban raw cotton and coarse yarn exports from the country or levy a 15 percent duty on their exports, so as to safeguard the domestic textile industry against rising cost of doing business and competition.

All Pakistan Textile Mills Association's (APTMA) representative Yasin Siddik, Pakistan Apparel Forum's (PAF) Jawed Bilwani, Pakistan Towel Manufacturers Association's (PTMA) Feroze Azam and Karachi Cotton Association's (KCA) Shakeel Ahmad made the plea, while highlighting the continuous decline in exports of value-added textile items from the country.

The associations noted that cost of doing business for the value-added textile industry has increased, as exports have led to shortage of raw cotton, cotton yarn and polyester fibre, the basic raw materials used by the domestic value-added textile industry.

Hence, the textile bodies demanded that the Government introduce a levy of 15 percent duty on export of raw cotton and coarse yarn or ban exports of the same.

Mr. Ahmad said that even while retaining high-quality, Pakistan's cotton and coarse yarn are still cheaper than those from other countries. He added that the Government is acting biased towards the ginning sector and it is neglecting the interests of the country's biggest employment and foreign exchange generating value-added textile industry.

While the domestic value-added industries use around 75 percent of the local yarn, the remaining 25 percent is exported to countries like Thailand, Bangladesh, China, India, Indonesia and Sri Lanka, he said.

He added that intervention of the Ministry of Textile and Ministry of Commerce in the free textile trade regime would negatively affect country's value-added exports.

The news of the Trading Corporation of Pakistan (TCP) stepping in as second buyer of cotton instigated a surge in domestic lint prices, but as the Ministry of Finance fell short to provide PK Rs. 26 billion to TCP for funding cotton purchases, this halted the trend of rising cotton prices.

As compared to last season, cotton cultivators in Pakistan are likely to earn around PK Rs. 200 billion more this season.

As against domestic spinning industry's annual requirements of 15.8 million bales (1 bale = 170 kg) of cotton, the country annually produces an average of 12.5 to 13 million bales.

Pakistan's value-added textile industry has an opportunity to enhance its garment exports, which has a better potential to fetch valuable foreign exchange for the country, Mr. Siddik said.

There are 415 spinning units functional in Pakistan, around 172 of which are functional in Kotri, Nooriabad Industrial Estate, Karachi and Hyderabad, he added.

In the absence of Government action to ban export of raw materials, the value-added textile industry is likely to loose a considerable number of export orders and suffer heavy losses. This would result in a loss of a large number of jobs in the domestic textile manufacturing industry, he said.

Mr. Azam stated that towel manufacturers' export quality towels prepared from domestic coarse yarn, but due to raw material shortages, the manufacturers are struggling to control their cost of production.

According to him, total exports of Pakistan's textile industry would grow by PK Rs. 900 million if the Ministries support the growth of the country's value-added sector.

Fibre2fashion News Desk - India


Must ReadView All

Sanjay K Jain, managing director, TT Ltd

Textiles | On 21st Sep 2017

TT’s Sanjay Jain elected new chairman of CITI

The Confederation of Indian Textile Industry (CITI), the apex body...

Textiles | On 21st Sep 2017

NRF urges US lawmakers to lower corporate tax rates

The National Retail Federation (NRF) has written to the US Senate...

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search