Interviews
Pak FCCI demands ending duties on polyester, cotton yarn
24 Jan '19
1 min read
Faisalabad Chamber of Commerce and Industry (FCCI) president Syed Zia Alumdar Hussain recently urged the Pakistani Government to abolish duties on polyester and cotton yarn in the financial bill, which is likely to be announced on January 23. The step would reduce input cost in the domestic sector, he told a press conference in Faisalabad.
Praising the government’s efforts and incentives like providing power to support the textile sector, he said though the government had already ended duty on cotton import due to a decrease in cotton production, yet the duty on cotton yarn is yet to be abolished.
Hussain said the power loom industry in Faisalabad had faced a loss of Rs20 billion due to costly polyester yarn. (DS)
Praising the government’s efforts and incentives like providing power to support the textile sector, he said though the government had already ended duty on cotton import due to a decrease in cotton production, yet the duty on cotton yarn is yet to be abolished.
Hussain said the power loom industry in Faisalabad had faced a loss of Rs20 billion due to costly polyester yarn. (DS)
Fibre2Fashion News Desk – India
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