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Baig urges Pakistan govt to impose duty on Indian yarn
12 Feb '14
1 min read
Former advisor to Pakistan Prime Minister on textile, Ikhtiar Baig, has urged the Government to impose countervailing duty on yarn imported from India, which is affecting the local yarn manufacturers.
During a meeting with Textiles Secretary Rukhsana Shah, Mr. Baig expressed that India is authorized for duty free export of yarn to Pakistan, and in addition to that, the Indian Government has also provided rebates to yarn exporters who are dumping their fine count yarn in the Pakistani market.
In order to protect the local yarn manufacturers of Pakistan, it is necessary to impose countervailing duty on the yarn imported from India, he added.
In this regard, Mr. Baig has also discussed the issue with representatives of the All Pakistan Textile Mills Association, who have assured to take up the matter with the Textiles Ministry and appeal to the Government to take the necessary measures.
According to the data released by the Pakistan Bureau of Statistics (PBS), during the July to December 2013 period, Pakistan imported around 105,569 tons of synthetic and artificial silk yarn, amounting to US$ 273.516 million.
Fibre2fashion News Desk - India
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