Home / Knowledge / News / Textiles / Pak govt mulls imposing duty on yarn imports from India
Pak govt mulls imposing duty on yarn imports from India
11
Apr '14
The Pakistani Government is actively considering imposing duty on yarn import from India, however, the final decision would be taken after consulting with all the stakeholders and keeping in view the national interests, said Minister of Textile Industry Abbas Khan Afridi during a recent meeting with members of the Faisalabad Chamber of Commerce and Industry (FCCI).

While addressing FCCI members the Minister said that it was necessary to take the country towards development and progress and Pakistan’s economical growth was directly linked to the growth of the textile industry, reports the Nation.

Mr. Afridi informed that though there was no possibility of clamping ban on import of yarn from India, the Government would be taking necessary steps to safeguard the national interest.

The Government has decided to take actions which would lead to betterment and welfare of the country, and resolving the problems faced by textile sector would also be given priority, especially the gas supply issue, he added.

Meanwhile, the Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has requested the Government to facilitate duty-free yarn import from India in order to circumvent cartelization by the local spinning industry.

According to PHMA, the imposition of import duty on raw materials such as yarn from India will negatively impact the apparel export sector.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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