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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

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