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Registered yarn exporters to get preference – Textile Minister

17
May '10
Mr Rana Muhammad Farooq, Federal Minister of Textiles
The Federal government has directed the customs authorities to register and give preference to yarn exporters who are registered with the Textile Ministry and who are obliged to export, under the 35 million kg per month cap, as they have availed of various government schemes or under any notification issued by the government.

In a SRO issued by the Federal Textile Ministry, the customs department has been told to give preference to those textile units, which fall under any of the notifications or schemes announced by the government, which obliges them to export their produce.

Wherein, export obligation against imports of raw materials under the schemes or notifications announced by the government are involved, preference shall be first given to shipments of finished goods, related such imported raw materials.

To get a deeper understanding of the reasons for this decision, fibre2fashion spoke to Mr Rana Muhammad Farooq, Federal Minister in Ministry of Textiles. He said, “We have implemented a yarn quota policy, here in Pakistan. We do not have any trade association that deals with it; instead it is monitored by the customs authorities”.

He continued by saying, “The units that are registered with textile ministry will get preference in yarn export quota of 35 million kg per month. Now, we have also implemented 15 percent regulatory duty on yarn exports, because of ban by Indian government.”

He concluded by saying, “In India too, cotton exports have to be registered. But now Indian government too has banned export duties and along side has also imposed export duty”.

Fibre2fashion News Desk - India


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