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Pakistan's polyester yarn, cotton fabric imports surge

26
May '12
There has been a huge rise in the quantity of polyester yarn and cotton fabric imported by Pakistan, as the country's domestic production suffers owing to the continuing power and energy crisis, a senior official of All Pakistan Textile Mills Association (APTMA) has said.

Mr. Gohar Ejaz, Group Leader of APTMA, said they would have welcomed such rise in imports if it would have arisen from rise in demand, but not while it is cutting the share of the domestic textile industry.

The present hike in import of polyester yarn has resulted from reduced domestic production as frequent power outages and gas shortages have rendered the domestic producers uncompetitive, he stated.

Of the 20 polyester yarn producers in the country, only three are operational at present, he said. The country's polyester yarn output hardly meets the domestic demand, while the share of blended products in textile exports of the country is also negligible, he said.

According to the Federal Bureau of Statistics (FBS) figures, Pakistan imported 5.19 million tons of polyester yarn in 2009-10, which increased to 27.616 million tons in 2010-11. The imports of polyester yarn soared to 63.29 million tons in the first half of the current fiscal which began on June 1, 2011, and are expected to cross 150 million tons by the end of the current fiscal, Mr. Ejaz said.

Similarly, cotton fabric imports reached 120.53 million square metres during first half of the current fiscal, a 107 percent up from imports worth 58.36 million square metres registered during the corresponding period of last year.

Mr. Ejaz warned that as the disturbing trend is likely to continue, it may jeopardise growth and existence of the textile industry in Pakistan.

Fibre2fashion News Desk - India


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