Home / Knowledge / News / Textiles / APTMA seeks withdrawal of duty, taxes on cotton import

APTMA seeks withdrawal of duty, taxes on cotton import

13
Oct '19
Pic: Shutterstock
Pic: Shutterstock
Expressing serious concern over lower cotton output, the All Pakistan Textile Mills Association (APTMA) recently urged the Pakistani government to remove duty and taxes on the import of raw cotton to support the domestic textile industry. Initial estimates show there is a shortfall of 5 million cotton bales between demand and supply during this season.

APTMA chairman Amanulla Kassim Machiyara told reporters that domestic raw cotton prices are now higher than those of imported cotton and if this continues, then the textile industry will be rendered uncompetitive.

The initial cotton crop estimate was around 15 million bales; later it was revised up to 12 million bales and now as per second revision, the cotton crop may be 10.2 million bales.

However, Machiyara said a recent market survey suggests cotton output at the end of this season will be even lower than 10 million bales as against the domestic industry demand of 15 million bales.

Comparative analysis of cotton arrival up to October 1 this year versus the same day last year shows a 39 per cent decline, Pakistani media reports quoted the APTMA chairman as saying.

He urged the government to immediately withdraw the 3 per cent customs duty, 2 per cent additional duty and 5 per cent sales tax imposed on the import of raw cotton to enable the textile industry to meet its requirements for domestic as well as for export orders.

Fibre2Fashion News Desk (DS)


Interviews View All

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Nuno Venda, ROQ

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Cindy McNaull, Cordura

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Pietro Turrin,

Pietro Turrin

Industrie Tessili Bresciane (ITB) has served numerous industries and...

Devendra Gupta,

Devendra Gupta

Reforce, a start-up based in Gurgaon, aims to revolutionise the fitness...

Hans Gerhard Wroblowski,

Hans Gerhard Wroblowski

Germany's Monforts is a leading manufacturer and exporter of textile...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Bani Batra,

Bani Batra

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

Sneha Arora, Label Sneha Arora

Sneha Arora
Label Sneha Arora

Sneha Arora, an alumnus of National Institute of Fashion Technology,...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search