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Embargo on cotton imports through Wagah border may be lifted
09 Jun '09
1 min read
There is a likelihood that cotton imports may be permitted through the Wagah border, which is a border post between India and Pakistan and which has been a long standing demand of the Pakistani textile sector.
Due to rising costs of doing business, industry experts say that it would be cheaper for cotton to be imported through the Wagah border than having it shipped to Karachi and then once again transporting it to far flung areas in Punjab province.
There is a possibility that this might be considered in the new textile and trade policy expected to be announced in July, considering that voices for the embargo to be lifted are increasing with each passing day.
The Pakistani textile industry, particularly, the spinning sector which has received a lot of investment in the last few years, is going through a stressful period and it is expected that this decision will mitigate their problems to a certain extent.
Due to rising costs of doing business, industry experts say that it would be cheaper for cotton to be imported through the Wagah border than having it shipped to Karachi and then once again transporting it to far flung areas in Punjab province.
There is a possibility that this might be considered in the new textile and trade policy expected to be announced in July, considering that voices for the embargo to be lifted are increasing with each passing day.
The Pakistani textile industry, particularly, the spinning sector which has received a lot of investment in the last few years, is going through a stressful period and it is expected that this decision will mitigate their problems to a certain extent.
Fibre2fashion News Desk - India
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