Home / Knowledge / News / Textiles / '6% PSF import duty ruined Pak textile industry'
'6% PSF import duty ruined Pak textile industry'
14
May '15
The All Pakistan Textile Mills Association (APTMA) has said that six per cent import duty on import of polyester staple fiber (PSF) has ruined the textile industry as it has become uncompetitive when incidental charges are added to the import duty, the Pakistani media has reported.

APTMA Chairman SM Tanveer said the regional competitors are offering duty drawbacks besides rebate to their textile industries. As a result, textile exports from Pakistan has become 18 per cent more expensive against the regional competitors due to higher domestic polyester fibre price e.g. in China, the FOB price for PSF is 70.1 yuan/kg (US $ 1.13/Kg.) whereas in Pakistan it is Rs 137/Kg. ($1.34 /Kg), this difference is further compounded by the higher cost of doing business.

Textile industry in Pakistan is becoming unviable in terms of export of yarn and fabric he said, the industry growth has become stagnant due to non-diversification.

He further highlighted that the world dependence on polyester is around 70 per cent at present against merely 19 per cent in Pakistan. This situation has made it difficult for local industry to find a foothold in the world market.

Tanveer said, unlike India, China, Bangladesh and other competitors there is also no duty drawback for industry in Pakistan, As a result, the import of PSF yarns into Pakistan has also started in huge quantities, so far during the first ten months of the current fiscal year over 38,000 tons of man-made fibre yarn has been imported from the Far East and India. (SH)

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Jens Mahnke from Pexels

Textiles | On 22nd Oct 2018

India levies anti-dumping duty on flax yarn from China

The ministry of finance, Government of India, has imposed definitive...

US polyester yarn makers allege dumping from China, India

Textiles | On 22nd Oct 2018

US polyester yarn makers allege dumping from China, India

Two major US synthetic yarn producers—Unifi Manufacturing, Inc...

Courtesy: Donear

Textiles | On 22nd Oct 2018

Aspiring middle class shaping menswear fabric trend

The key trends shaping menswear fabric include a new middle class and ...

Interviews View All

Karin Ekberg, Leadership & Sustainability

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Anshul Sood, Oceedee

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Viral Desai, Zenitex Mill Pvt Ltd

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Riddhi Jain,

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Suresh P Bagrecha,

Suresh P Bagrecha

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

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo, Sandvik Hyperion

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

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

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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


October 2018

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

news category


Related Categories:

Advanced Search