Value-added textile sector demands ban of cotton yarn export

FAISALABAD: The value-added textile sector has demanded an immediate ban on cotton yarn export and total elimination of the regulatory duty on import of raw material.

Addressing a press conference, Pakistan Hosiery Manufacturers & Exporters Association (PHMA) Zonal Chairman,  Mian Kashif Zia, said that the value-added textile sector was playing a key role in creating job opportunities and therefore, the government must resolve its issues on a priority basis.

Faisalabad Chamber of Commerce & Industry (FCCI) President Atif Munir Sheikh said that despite an 80 per cent extra production of cotton, the sector was facing a cotton shortage of 35-45pc and would have to import cotton to fulfill the gap.

He demanded that the government clamp a ban on export of cotton yarn and lower the regulatory duty on its import to zero. “We would have to depend on 70pc imports for our exports,” he added.

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He said the sector was indebted to the government for the clearance of Rs275 billion refunds that were pending for the last 11 years. However, it was a demand of the sector that the government ensure availability of raw material at reasonable rates.

 

 

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