Home / Knowledge / News / Textiles / PTA producers seek Govt support to withstand Intl competition
PTA producers seek Govt support to withstand Intl competition
11
Jun '08
An investment-friendly and progressive tariff incentive has been provided to Pakistan PTA Limited by the Government as compensation for the heavy infrastructure costs it had to bear during the establishment of its plant.

These exorbitant costs for setting up plants in Pakistan can be mainly accredited to the lack of proper infrastructure in a country which completely offsets the benefits reaped from tariff concessions provided by the Government.

Besides, the domestic prices of PTA are standardized in conformity with international price indices. This policy, although designed to bring local industry at par with global levels, has ensured that prices are determined by market forces thereby giving consumers the alternative to switch to imported products.

Government has made enormous efforts to ensure that by coming at par with international standards, domestic PTA producers can avail all the benefits emerging from higher exports, but all in vain.
As a consequence, PTA manufacturers have invariably found it difficult to extricate themselves from incurring losses.

As a matter of fact PTA prices in Pakistan are at the lower end when compared to its neighboring competitors like India and China in spite of which the domestic textile market is facing a down trend.

One major reason explaining this phenomenon can be the protection provided by the Government of these respective countries to the PSF industries and exporters of such goods.

Pakistan has also provided for Duty and Tax Remission Rules for Export (DTRE) and All Pakistan Textile Mills Association (APTMA) has urged the Government to keep up with its promise of duty free import of raw materials for enhancing domestic competitiveness in the international sphere.

The association has also asserted that any amount of import duty on PSF will not be acceptable to the textile industry and that it will lend its full support in favor of securing Governmental aid for the polyester chain.

Related news


Must ReadView All

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...

Alessandro Zucchi; Courtesy: ACIMIT

Textiles | On 29th Jun 2017

Alessandro Zucchi succeeds Carabelli as ACIMIT president

The members’ assembly of the Association of Italian Machinery...

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Kerem Durdag
Biovation II LLC

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

Urs Stalder
Sanitized AG

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

Mark Paterson
Technical Absorbents Ltd

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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