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Carpet sector seeks ban on wool exports to India
05
Mar '11
The Pakistani carpet industry has recently called upon the government to halt export of wool to India.

The large scale export of wool to India has resulted in severe scarcity of the commodity in domestic market, alongside which, wool prices have grown almost two-fold in a very short period.

The carpet industry in Pakistan is already struggling for survival, as it is faced with multiple issues including the ones of wool scarcity and prevalence of high prices, and now when the raw material prices have almost doubled; it has become even more difficult for the industry to survive.

Industry experts here are of the opinion that, in order to ease the situation the government should introduce some incentives, in order to promote sheep farming in the country.

Prevalence of high wool prices in the country have resulted in carpet exports plummeting to $100 million, from $300 million a year ago.

Further, the government has also been urged to exercise a check on wool prices to avoid emergence of any catastrophic situations.

It was sought of the government, to take firm steps against those involved in malpractices like hoarding, overpricing or taking undue advantage of the situation.

This is not only depriving the country from earning considerable foreign exchange, but is also adding to the troubles of the workforce engaged in the sector.

Fibre2fashion News Desk - India


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