The Chairman of All Pakistan Textile Mills Association (APTMA) (SB Region) has demanded that the minimum export prices of towels should be revised since the current export price of towels is lower than the minimum export price set for yarn exports.
The Ministry of Textiles had recently revised the cap on yarn exports to 35 million kg per month as well as revised the minimum export price of cotton yarn to US $3.5 per kg and which can be exported without any quota restrictions.
Yasin Siddik, said that, on the other hand, the average export price of the towel sector stood at $3 per kg in the previous four months. He added by saying that, these items are considered value additions and can be shipped without any quantity restriction and are also entitled to export refinance.
He requested the textile ministry to revisit the minimum export price for all categories of textile goods and to enforce them without any discrimination and also that the minimum export price of yarn, should be brought down to $2.7 per kg.
Fibre2fashion News Desk - India