Home / Knowledge / News / Textiles / Pak textile mills seek 15% duty on MMF imports
Pak textile mills seek 15% duty on MMF imports
31
Mar '16
All Pakistan Textile Mills Association Chairman Tariq Saud has urged the government to immediately impose a 15 per cent Regulatory Duty on the import of man-made fibres (MMF), particularly polyester viscose yarn, polyester cotton yarn and pure polyester yarn.

In a statement, he said an emergency meeting of the member mills was held at the Punjab office of the Association to review the import statistics of the MMF for domestic consumption, which has increased by four times in last four years and likely to reach to 57,000 tonnes per annum by the end of 2015-16.

He said the surge in the import of MMF yarns has become a matter of serious concern for the domestic industry and poses a serious threat to the survival of about two million spindles with over three million direct and indirect workforce associated with this industry.

Saud claimed the textile industry had been requesting the government to impose 15 per cent Regulatory Duty on the import of all MMF yarns.

"An unchecked import of yarns has hit the viability of the domestic spinning yarn industry, which is also threatening the survival of domestic PSF producers and the PTA industry by and large," he said.

"Both the upstream and downstream industries as well as millions of direct and indirect jobs are under threat and needs immediate intervention by the government," he added. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 27th Sep 2016

SASEC countries plan greater economic cooperation

The six member countries of the South Asia Sub-regional Economic...

Textiles | On 27th Sep 2016

CBEC unveils draft rules for registration under GST

The Central Board of Excise and Customs (CBEC) has unveiled draft...

Textiles | On 27th Sep 2016

Swedish researchers develop new circular textiles process

A partnership between government owned Fouriertransform and private...

Interviews View All

Neel Sawhney
One Friday

Sanjay Yagnik
Maa Tex Speciality

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Pranav Mishra
Huemn

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
September 2016

September 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search