Home / Knowledge / News / Textiles / Pakistani apparel sector hit by sharp hike in yarn rates
Pakistani apparel sector hit by sharp hike in yarn rates
17
Nov '17
The 20 per cent rise in cotton yarn prices due to cartelization by local manufacturers, who are holding stock to create artificial shortage, has hit the export-oriented Pakistani apparel sector hard, says the Pakistan Readymade Garment Manufacturers and Exporters Association (PRGMEA), which has urged the government to take measures to address the issue.

PRGMEA (north zone) senior vice chairman Sheikh Luqman Amin said the export target would not be achieved due to high energy cost and discriminating import duties on industry raw material, Pakistani newspapers reported quoting a press statement issued by the association.

Amin requested the government to abolish additional regulatory duty on cotton yarn, reduce all input costs and release funds to the central bank for immediate payment of duty drawback of taxes to the exporters under the Prime Minister’s Package. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Master plan to reshape clothing sector in S Africa

Apparel/Garments | On 25th Jun 2019

Master plan to reshape clothing sector in S Africa

A master plan submitted to the Department of Trade and Industry in...

Pak's pending textile sector refunds Rs 200 bn

Textiles | On 25th Jun 2019

Pak's pending textile sector refunds Rs 200 bn

Pakistan has to pay Rs 200 billion as pending textile sector refunds, ...

Withdraw advance tax on textile machinery import: BTMA

Textiles | On 25th Jun 2019

Withdraw advance tax on textile machinery import: BTMA

The Bangladesh Textile Mills Association recently urged the...

Interviews View All

Prabu Mohanram, Balavigna Weaving Mills Pvt Ltd

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Hannah Lane, Redress

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Pratik Agarwal,

Pratik Agarwal

Breya is a brand of Indo-Western clothes for women owned by ABP Apparels...

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Carolin Russ,

Carolin Russ

Weko, Weitmann &amp; Konrad GmbH &amp; Co KG, based in south Germany, is...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

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

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


June 2019

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

news category


Related Categories:

Advanced Search