Home / Knowledge / News / Textiles / APTMA shares textile industry problems with Minister
APTMA shares textile industry problems with Minister
01
Jul '14
Mr. Yasin Siddik
Mr. Yasin Siddik
The All Pakistan Textile Mills Association (APTMA) has shared the problems facing the textile industry with Minister of Textile Industry Abbas Khan Afridi, according to a Dawn report.
 
In a letter to the Minister, APTMA chairman Mohammad Yasin Siddik drew attention to the man-made fibre sector, and said that Pakistan has no plants that manufacture specialised man-made fibres such as acrylic, viscose, bamboo, lycra and slub. Despite this, five percent duty is imposed on imports of this fibre.
 
Mr. Siddik said the usage of man-made fibre in Pakistan’s textile industry is less than 20 percent, while its usage is around 60 percent in other textile producing countries.
 
About raw cotton, Mr. Siddik said, one percent customs duty and five percent sales tax has been imposed on raw cotton import in the Budget 2014-15. This step would result in an increase in the cost of final product as the Pakistani spinning industry imports around 25 percent of its total cotton demand, which includes long staple and contamination free cotton for production of high value yarn and high-end value added products.
 
The letter also drew the Minister’s attention to textile raw material fabric waste (HS Code 6310.9000). Mr. Siddik said fabric waste is a direct raw material used by spinning mills and is not a finished product. Still, it is charged 17 percent sales tax and the yarn produced from the textile waste is also charged at two percent rate, which increases the cost of final product, making the Pakistani textile industry less competitive.
 
Pakistan’s textile and garment exports increased by 5.96 percent year-on-year to US$ 12.626 billion in the first eleven months of fiscal year 2013-14, according to the latest data released by the Pakistan Bureau of Statistics.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Karan Arora
Karan Arora

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

Judy Frater
Somaiya Kala Vidya

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search