Home / Knowledge / News / Textiles / PAF seeks three-month ban on cotton yarn exports
PAF seeks three-month ban on cotton yarn exports
25
Feb '10
A total ban on export of cotton yarn for a period of three months, with immediate effect has been demanded by the value-added textile sector. Pakistan Apparel Forum (PAF) raised the demand at a meeting with Shaukat Tarin, Minister of Finance. All Pakistan Textile Mills Association (APTMA) representatives also attended the meeting.

Nonetheless, owing to the boycott of APTMA members the meeting ended undecided. Federal Minister Rana Farooq Saeed Khan too attended the meet. PAF informed him that during previous month, exporters have exported around 56 million kilogram of cotton yarn, despite that, there exists a ceiling of 50 million kilogram per month.

Earlier the textile ministry had proposed a cap of export of 38 million kilograms of cotton yarn per month, which was not implemented, subsequent to which, the existing ceiling of 50 million kilogram per month on export of cotton yarn too came up, which too has been not implemented, was the lament of the PAF.

Finance Minister while speaking at the meeting opined of textile sector being a vital sector and that the government would not be willing to disturb it. Nonetheless, all the concerning issues of the sector will be sorted out through discussion with the stakeholders, but at the same time government will not arrive at any decision which is not in favour of the stakeholders, he added.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Top executives
Textile industry

The foremost issue is bridging the skill gap

Top executives
Textile industry

It will take some time for the people to change their buying choices

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kerem Durdag
Biovation II LLC

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

Prathyusha Garimella
Prathyusha Garimella

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

Karan Arora
Karan Arora

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

Igor Chapurin
Chapurin

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

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search