Home / Knowledge / News / Textiles / Pakistan mulls removing import duty on fine yarn
Pakistan mulls removing import duty on fine yarn
27
Feb '16
Pakistani Commerce Minister Engineer Khurram Dastgir said the government was considering removing the 10 per cent regulatory duty on fine yarn import but would keep the duty on coarse yarn in an effort to protect the commodity produced in the country.

He told reporters in Islamabad that Pakistan mainly imported fine yarn from India, Central Asian states and other countries to bridge the demand and supply gap following the drop in cotton production in the country.

He said the ministry was mulling withdrawing 10 per cent regulatory duty on fine yarn keeping in view the domestic demand. However, the duty on coarse cotton yarn will stay in place to give protection to the domestic industry as Pakistan mostly produces this type of yarn.
The 10 per cent regulatory duty came into force from November 1, 2015.

The minister declared that there was no progress on improving trade relations with India, but with Afghanistan some headway had been made in terms of trade agreements.

He pointed out that Afghanistan was ready to incorporate the TIR convention on international transport of goods into the transit trade agreement and as a result Pakistani containers would not be charged duties and taxes. Pakistan became a member of the TIR framework since January 21 this year.

Dastgir also revealed that there had not been any significant progress in negotiations on second phase of the free trade agreement with China since Beijing was not willing to give 90 per cent access to its markets from the existing 35 per cent.

Talking about planned free trade deals with ASEAN, he said Pakistan was keen to give all those concessions to them including Thailand that it had already been given to China. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: EVG photos from Pexels

Apparel/Garments | On 16th Aug 2018

Bangladesh ups garment export target to $32.689 bn

The Government of Bangladesh has increased the country’s readymade...

Indian investors interested in denim production in Vietnam

Textiles | On 16th Aug 2018

Indian investors interested in denim production in Vietnam

Indian fabric firms are shifting attention from China to Vietnam,...

India's textiles, apparel exports fall by ₹8000 cr: Govt

Apparel/Garments | On 16th Aug 2018

India's textiles, apparel exports fall by ₹8000 cr: Govt

India’s textiles and apparel exports dropped by nearly ₹8,000 crore...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Igor Chapurin
Chapurin

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

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


August 2018

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

news category


Related Categories:

Advanced Search