Home / Knowledge / News / Textiles / Pak's import duty on cotton yarn effective from Nov 1
Pak's import duty on cotton yarn effective from Nov 1
31
Oct '15
Pakistan's Federal Board of Revenue (FBR) has imposed 10 per cent regulatory duty (RD) on eight different types of cotton yarns including woven fabrics of cotton from November 1, 2015.

According to a State Regulatory Order, 10 per cent RD has been imposed on the import of cotton yarns (other than sewing thread), containing 85 per cent or more by weight of cotton, not put up for retail sale; Cotton yarn (other than sewing thread), containing 85 per cent or more by weight of cotton, not put up for retail sale.

The duty has also been imposed on cotton yarn (other than sewing thread), containing less than 85 per cent by weight of cotton, not put up for retail sale; cotton yarn (other than sewing thread) put up for retail sale; Woven fabrics of cotton, containing 85 per cent or more by weight of cotton, weighing not more than 200 g/m2; woven fabrics of cotton, containing 85 per cent or more by weight of cotton, weighing more than 200 g/m2; woven fabrics of cotton, containing less than 85 per cent by weight of cotton, mixed mainly or solely with man-made fibres, weighing not more than 200 g/m2; woven fabrics of cotton, containing less than 85 per cent by weight of cotton, mixed mainly or solely with man- made fibres, weighing more than 200 g/m2 and other woven fabrics of cotton.

The government decision has come under flak from the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) which has alleged that yarn manufacturers have allegedly established a cartel across the country and increased the price to Rs1200 per bag of 100 pounds compared to the earlier price of Rs 800 in a week that will directly hit the apparel sector, according to a newspaper report.

The price rise came after the announcement of 10 per cent regulatory duty on the import of yarn and fabric.

“Though the duty will be slapped from next month, the additional cost is already being included in yarn import deliveries to the apparel sector,” said PRGMEA Chief Coordinator Ijaz Khokhar.

Earlier this month, the Government announced a 10 per cent import duty, effective from November 1, 2015, on the import of cotton yarn from India by Pakistani textile companies.

Finance Minister Ishaq Dar had announced the decision after holding a series of meetings with All Pakistan Textile Mills Association (APTMA). (SH)

Fibre2Fashion News Desk - India


Must ReadView All

Plan under way to revive Egypt's state-run textile firms

Textiles | On 20th Oct 2018

Plan under way to revive Egypt's state-run textile firms

Egyptian minister for the public enterprise sector Hisham Tawfiq...

Myanmar asks garment units to set up skill testing centres

Apparel/Garments | On 20th Oct 2018

Myanmar asks garment units to set up skill testing centres

Myanmar’s ministry of labour, immigration and population has asked...

Results of Cameroon transgenic cotton trials by 2018 end

Textiles | On 20th Oct 2018

Results of Cameroon transgenic cotton trials by 2018 end

Cameroon’s national cotton development company Sodecoton will...

Interviews View All

C Kamatchisundaram, Voltas

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Amardeep Singh, Orient Craft

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

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

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

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