Home / Knowledge / News / Textiles / Demand for end to duties on cotton yarn import in Pakistan
Demand for end to duties on cotton yarn import in Pakistan
25
Jan '18
Pakistan’s value-added textile export sector has urged Prime Minister Shahid Khaqan Abbasi to abolish all duties and taxes on cotton yarn import to help earn foreign exchange and reduce trade gap that touched $18 billion during the July-December period of fiscal 2017-18. Cotton yarn is not easily available in the domestic market owing to low cotton yield.

The sector has the largest share in the total textile exports of Pakistan and cotton, according to Muhammad Jawed Bilwani, chairman of Pakistan Apparel Forum and chief coordinator of the country’s value-added textile export sector.

Bilwani said a 30 per cent rise in cotton yarn prices has made the value-added textile export sector uncompetitive in the international market. There is a fear that exporters may fail to meet export orders booked six months back if immediate attention is not paid by the government to the issue, Pakistani media reports quoted him as saying.

Globally import of raw material is allowed duty free while export of the same is restricted to benefit value addition to earn foreign exchange, he added. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: EVG photos from Pexels

Apparel/Garments | On 16th Aug 2018

Bangladesh ups garment export target to $32.689 bn

The Government of Bangladesh has increased the country’s readymade...

Courtesy: PR Newswire

Apparel/Garments | On 16th Aug 2018

Shoppers go to stores for thrifting experiences: Survey

Despite growth in e-commerce, shoppers still head to retail stores...

Pak ministry invests in training textile sector workers

Textiles | On 16th Aug 2018

Pak ministry invests in training textile sector workers

Pakistan’s ministry of commerce and textile industry is offering...

Interviews View All

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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


August 2018

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

news category


Related Categories:

Advanced Search