Home / Knowledge / News / Textiles / Govt body urges withdrawal of anti-dumping duty on PSF
Govt body urges withdrawal of anti-dumping duty on PSF
09
Dec '10
The Standing Committee on Textile and Industry of the National Assembly has put forward its suggestion to the Textile Ministry to lift the anti-dumping duty on Polyester Staple Fibre (PSF). It has urged the Textile Ministry to take necessary actions to control the hoarding of raw cotton as well as yarn. The Standing Committee has also suggested the Textile Ministry to implement a law in order to prevent the accumulation and hoarding of raw cotton and yarn for the growth of the textile sector.

PSF is one of the most significant and extensively used fibre worldwide and its application is more than that of cotton. Earlier there were five PSF production plants in Pakistan with a joint manufacturing capacity of 639,000 tons. But the shutting down of the Dewan Salman, with a production capacity of 241,000 tons, has led to a fall in the manufacturing capacity of the plants. At present, the remaining four plants have a combined production capacity of 400,000 tons.

After making a detailed analysis, the National Tariff Commission came up with the suggestion that a new tariff structure should be adopted for manufacturing plants. The new tariff for PTA plants should be 4 percent while for PSF plants, it should be 7 percent. The Ministry of Textile Industry has undertaken a thorough study of the same and after a comprehensive discussion with the stakeholders, it came up with the proposal that the tariff for PTA plants should be 3 percent and 6 percent for PSF plants.

The Textile Ministry had convened a number of meetings with the manufacturers of PSF in order to discover the factors that led to the hike in the prices. On one hand, the PSF industry is of the opinion that the domestic prices should be similar to the global prices and on the other hand, the users of PSF believe that the anti-dumping measures taken against several Chinese firms has caused distortions in PSF prices for Pakistan. The producers are now apprehensive about the result of these measures.

Fibre2fashion News Desk - India


Must ReadView All

Pressure on  Indian textiles exporters to ease by Q3: ICRA

Textiles | On 17th Oct 2017

Pressure on Indian textiles exporters to ease by Q3: ICRA

Pressures on the profit and debt levels of textiles exporters is...

S Korean fashion brands expand overseas amid slump at home

Fashion | On 17th Oct 2017

S Korean fashion brands expand overseas amid slump at home

South Korean fashion firms are keen on tapping into overseas markets...

GMAC urges Cambodia to push fabric-forward rule in RCEP

Apparel/Garments | On 17th Oct 2017

GMAC urges Cambodia to push fabric-forward rule in RCEP

Representatives from the Garment Manufacturers Association of...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kerem Durdag
Biovation II LLC

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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

October 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
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

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
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

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
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

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
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


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