Pakistan’s value-added textile exporters recently urged the government to abolish customs duty on the import of cotton yarn to support the industry and ensure timely completion of export orders. In a statement, Pakistan Apparel Forum chairman Muhammad Jawed Bilwani said the gravity of situation warrants the government to immediately take the step.
Bilwani was earlier the central chairman of the Pakistan Hosiery Manufacturers & Exporters Association (PHMA).Pakistan's value-added textile exporters recently urged the government to abolish customs duty on the import of cotton yarn to support the industry and ensure timely completion of export orders. In a statement, Pakistan Apparel Forum chairman Muhammad Jawed Bilwani said the gravity of situation warrants the government to immediately take the step.#
The government may either pass a presidential ordinance or an act in the parliament to do that, he was quoted as saying by Pakistani media reports.
He said that value-added textile exporters are highly perturbed over the unavailability of cotton yarn, the basic raw material in the domestic market, at a time when huge export orders are available.
The available cotton yarn is substandard owing to which exporters are unable to meet export commitment.
To ensure availability of cotton yarn, PHMA had earlier demanded the government to allow duty-free import of cotton yarn to facilitate value-added textile export sector; however, the government considered removing the regulatory duty only.
Fibre2Fashion News Desk (DS)
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