PYMA urges govt for elimination of tax on yarn import

The association has asked the government for provision of a level-playing field along with non-discriminatory business environment will help in supply of cheap raw material to the export-oriented industries, according to Pakistani media reports.

Removal of regulatory duty will reduce the cost of doing business and bridge the gap between production and consumption. With the apparel sector having limited production line due to lack of latest fabric varieties at the local level, the high duties will result in significant decline in the exports of apparel.

Fibre2Fashion News Desk – India