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

Azerbaijan's Gilan Textile Park raises exports by 40%

Apparel/Garments | On 18th Aug 2018

Azerbaijan's Gilan Textile Park raises exports by 40%

Azerbaijan's Gilan Textile Park has raised its exports by 40 per cent ...

CPD studies living cost of Bangladesh RMG workers

Apparel/Garments | On 18th Aug 2018

CPD studies living cost of Bangladesh RMG workers

The living cost of readymade garment (RMG) workers in Bangladesh...

Brazilian cotton price index returns to April 2018 level

Textiles | On 18th Aug 2018

Brazilian cotton price index returns to April 2018 level

Cotton prices dropped in Brazil in the first fortnight of August as...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Ramez Basmaji

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

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Harmeet Singh

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

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Pierre Wiertz
EDANA

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sonam & Paras Modi
SVA

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

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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