Industries are on verge of collapse

Pakistan Apparel Forum (PAF) opposes to current 5% Import duty on cotton

GMT 13:09 2015 Saturday ,17 October

Sriyadithatextile - Pakistan Apparel Forum (PAF) opposes to current 5% Import duty on cotton

Importing cotton at Pakistan
Courtesy Google

The Pakistan Apparel Forum (PAF) members said on Thursday said that the value added textile sector is burdened due to the current 5 percent duty on the import of cotton yarn and the industries are on verge of collapse, hence the government should withdraw duty on the import of cotton yarn help the value added textile sector enhance its exports.

The demand of textile spinning sector for imposition of 25% regulatory duty on import of cotton yarn is detrimental to the entire value added sector. According to the PAF members, the government should not accept un-due demand, as the spinning sector does not represent the entire textile sector. The major stakeholders in the value added textile sector should be taken on board before any crucial decision.

PAF Chairman Jawed Bilwani said the textile sector was burdened with multiple taxes with high cost of inputs-tariff of gas, electricity, water and raw material and was further harassed due to short supply of all essential utilities.

The forum has urged the government to make a policy for reduction in all cost of inputs for five export-oriented sectors, as otherwise all export-oriented industries would be dented.

In 2010, many of the spinning mills claimed that they had made record profits and even at that time, several spinning mills showed losses either because they were inefficient or they were showing losses so that they did not have to pay dividends to the shareholders. The government should investigate this matter thoroughly that what such spinning mills were doing or were they taking their shareholders for a ride.

He expressed reservations against demand of the spinning sector, which would cause closing down of thousands of medium and large scale value added textile sector units in the country.

The performance of value addition by woven garments sector is 846%, hosiery/knit garments 616% while the spinning sector stands at a mere 59%.

The government should make all efforts to bring the cost of inputs of five export oriented sectors in comparison to regional competitors to enable them compete in the global market.

Global Textile News

CAI maintains 2018-19 cotton

Estimate at 315 lakh bales

The Cotton Association of India (CAI) has retained its May estimate of the cotton crop for 2018-19 season that began on October 1, 2018, at 315…Read more

FESPA 2017 (German) press release

Colorjet Launching Tech Loaded Digital Textile Printer TXF with Japanese Technology at FESPA Hamburg 2017

Colorjet Launching Tech Loaded Digital Textile Printer TXF with Japanese Technology at FESPA Hamburg 2017   TXF printer offers speeds of up to 24 sq.…Read more

Vietnam National Textile and Garment Group

City to host textile industry expo

HCM CITY — The Vietnam Saigon Textile and Garment Industry/Fabric and Garment Accessories Expo (Saigon Tex 2017) that will showcase high-end machinery and equipment and…Read more

Deshpande urges PM

To slash GST rates

Revenue minister RV Deshpande on Sunday urged Prime Minister Narendra Modi to respond to the slowing economy by slashing goods and services tax (GST) rates,…Read more


Smriti Irani’s cotton campaign trends on Twitter

A year after the hashtag 'IWearHandloom' trended on Twitter, Union Textile minister Smriti irani is back at it. On Tuesday, she tweeted a selfie in a cotton…Read more

Revenue and its forecasts

Global Textile Dyes market 2017

Textile Dyes Market analyzed the Industry region, including the product price, profit, capacity, production, capacity utilization, supply, demand and industry growth rate etc. In the…Read more

 العرب اليوم -