Home / Knowledge / News / Textiles / Yarn quota a provisional measure – Commerce Secretary
Yarn quota a provisional measure – Commerce Secretary
09
Mar '10
Mr Zafar Mahmood, Commerce Secretary
Mr Zafar Mahmood, Commerce Secretary
The 3rd International Technical Conference at Expo Center in Karachi, was jointly organized by Pegasus Consultancy and Textile Institute of Pakistan (TIP) along with the 8th Edition of MEGATECH Pakistan.

Zafar Mahmood, Commerce Secretary, speaking at the occasion said that, the yarn quota, imposed by a federal committee comprising of representatives from Ministry of Finance, Commerce, Economic Affairs and Agriculture, is a provisional measure taken to ensure enough availability of cotton yarn to the domestic value-added textile industry.

The situation of cotton yarn in the country is constantly being reviewed by the federal committee, which decides, relying on the demand and supply conditions, he stated and added that recently a ban has been imposed on export of jute by the Bangladesh government, to ensure availability of raw material to the local value-added jute sector.

He also divulged that globally there has been a hike in the prices of cotton and cotton yarn owing to increasing demand from China.

In Pakistan too, a historic hike has been seen in the prices of cotton and led by this development prices of cotton yarn also have gone up, he added. He further said that the yarn exporters exported around 70,000 tons of yarn, in violation of the limit of 50,000 tons per month fixed under the quota.

He while maintaining the quota to be just a temporary measure held that if it is continued for long it would lead to distortions in the industry. The committee is to meet shortly to review the matter and decide on the same, he added.

Earlier, at the conference, he had remarked that the country needs to upgrade itself to a value-added economy from being a cotton economy.

Fibre2fashion News Desk - India


Must ReadView All

Pakistan’s textile exports up 7.72% in July-Oct ’17

Textiles | On 21st Nov 2017

Pakistan’s textile exports up 7.72% in July-Oct ’17

The value of textile and garment exports from Pakistan increased by...

Brandix signs JV with Best Pacific of Hong Kong

Textiles | On 21st Nov 2017

Brandix signs JV with Best Pacific of Hong Kong

In a joint venture (JV) with the global synthetic materials...

CAI estimates 2017-18 cotton crop at 375 lakh bales

Textiles | On 21st Nov 2017

CAI estimates 2017-18 cotton crop at 375 lakh bales

In its first estimate of the cotton crop for the 2017-18 season...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Johan Berlin
InvestKonsult Sweden AB

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

Marcel Alberts
Eurofibers

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search