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

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Textiles | On 20th Apr 2018

Vietnam’s textile & garment exports earn $7.3 bn in Q1

Vietnam earned $7.339 billion from textile and garment exports in the ...

Uganda yet to exploit AGOA benefits: US envoy Malac

Apparel/Garments | On 20th Apr 2018

Uganda yet to exploit AGOA benefits: US envoy Malac

Uganda is yet to take full advantage of the Africa Growth and...

Courtesy: KBR, Inc

Textiles | On 20th Apr 2018

KBR completes KPIC’s ethylene plant revamp project

KBR, Inc. has successfully completed the ethylene plant revamp...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Ravindra Jain, Ashish Baid

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

Urmil Arya

Sushila International, a well established textile organisation established ...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Giorgio Mantovani
Corman S.p.A

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

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

Sidharth Sinha
Sidharth Sinha

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

Vaanee Bhatia
Gritstones Clothing

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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