Home / Knowledge / News / Textiles / PTEA pleads for duty free import of polyester yarn
PTEA pleads for duty free import of polyester yarn
09
Nov '10
Massive floods in Pakistan have devastated 20 percent of the cotton crop in the country. Pakistan Textile Exporters Association (PTEA) has urged the government for duty free import of polyester yarn to make up for this loss of cotton, and also the 30 percent deficit of polyester yarn in the country.

PTEA Chairman Wasim Latif and Vice Chairman Adil Manzoor Ellah voiced this demand.

They revealed that, Pakistani industries decided to import 5.5 million cotton bales from India to meet the cotton crop deficit in the country and the deal was almost finalized when Indian exporters reneged and declined to export cotton.

This had greatly dismayed the Pakistani exporters who now have no other way left but to use polyester yarn as an alternate input, they said. Also that the polyester yarn producing firms in Pakistan even while operating at their optimum levels are not able to meet the overall demand for the fibre in the country and are falling short by 30 percent, they added.

Thus, there has been a two-pronged supply scarcity for the raw material, on one side the floods have wiped out 20 percent of the cotton crop, and on the other the supply of polyester yarn too is falling short by 30 percent and is unable to meet the demands of textile manufacturers in the country.

In order to enable the textile exporters to fulfil their export orders, it is very much essential to ensure that they have enough raw materials to carry on their production activities, they said. This can be made possible only through withdrawing the ceiling and by permitting duty free import of polyester yarn in the country to revive the ailing textile industry, they added.

Fibre2fashion News Desk-India


Must ReadView All

Courtesy: Nine West

Fashion | On 17th Jun 2018

ABG wins bid in Nine West Holdings auction

Authentic Brands Group (ABG), owner of a global portfolio of...

Courtesy: Kreussler

Textiles | On 17th Jun 2018

USDA certifies Kreussler's solvent as biobased

The US Department of Agriculture (USDA) has certified Kreussler's...

Courtesy: ITUC

Textiles | On 17th Jun 2018

Democratic space shrink & corporate greed are rising: ITUC

Shrinking democratic space for working people and unchecked corporate ...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Erik Sy

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

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Marcel Alberts
Eurofibers

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

Johan Berlin
InvestKonsult Sweden AB

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sonam & Paras Modi
SVA

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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