Home / Knowledge / News / Textiles / Pakistan's value added sector opposes yarn import duty
Pakistan's value added sector opposes yarn import duty
20
Aug '15
Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has rejected the government's plan to impose import duty on cotton yarn saying it would pose negative impact on the value-added textile sector, the Pakistani media has reported.

PHMA chairman Usman Jawaad observed that the Federal Board of Revenue (FBR) was considering the move in the name of 'protecting spinning sector'.

He strongly opposed this move and said that PHMA stands with Pakistan Readymade Garments Manufacturers and Exporters Association, Pakistan Apparel Forum and all other business associations who have already expressed their resentment at the proposed move.

“Value-added textiles in general and the apparel sector in particular are under severe pressure due to fierce competition in the international market being faced from countries like Bangladesh, Vietnam and Cambodia,” said Jawaad. Squeezing the apparel manufacturers would lead to a decline in export earnings coupled with unemployment, he said.

At present, importers are enjoying zero customs duty on yarn import from India. The value-added sector prefers Indian yarn as it is cheaper than Pakistani product and has good quality due to long staple, which is used for lawn and other cloth manufacturing.

The European Union's GSP Plus facility has provided breathing space for the apparel sector, which has been able to increase exports at a time when overall shipments from Pakistan are falling.

“In such a situation, any policy adversely affecting the apparel industry will have a direct and immediate negative effect on overall business activities since this is the largest employing sector of the country,” Jawaad added. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 29th Jun 2017

Nan Ya files trade petition in US against Korea & Taiwan

Nan Ya Plastics Corporation, America, a US synthetic fibre producer,...

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Apparel/Garments | On 29th Jun 2017

Amazon intends to keep investing and growing in India

American online retail giant Amazon intends to keep investing and...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Rahuul Jashnani
Jashn

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Yash P. Kotak
Bombay Hemp Company

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

Silvia Venturini Fendi
Fendi s.r.l

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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:
July 2017

July 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



X