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Pak govt urged to help clear consignments from China

28
Feb '20
Pic: Shutterstock
Pic: Shutterstock
The Sindh Industrial Trading Estate (SITE) Association of Industry recently appealed to the Pakistani government to allow early clearance of dye and chemical consignments from China, saying raw material prices are rising due to stuck up shipments at Chinese ports, while other suppliers have stopped supplying or are quoting 30 to 35 per cent higher prices.

“Our members complain that it is becoming difficult for them to continue with the production activities due to shortage of raw material, while prices in the local market have gone up by 50 to 100 per cent,” said SITE patron Zubair Motiwala.

In such a situation, an opportunity to raise exports has become an issue of survival for the domestic textile industry, he said.

No one keeps inventory for more than one or two months due to cash flow constraints, he was quoted as saying by Pakistani media reports.

Motiwala appealed to the prime minister, the finance adviser and the commerce minister to take urgent measures and direct the Pakistani embassy and consulate in China to get consignments cleared.

He feared if the situation prevailed, other countries would increase raw material prices further.

Motiwala also urged the government to immediately withdraw all the levies and front loading with immediate effect so that there should be minimum burden on cost escalation on the products, which were being sold earlier to this crisis.

Fibre2Fashion News Desk (DS)


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