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    Pakistan Textile Mills Association Calls For Lower Yarn Prices.

    2010/6/25 10:23:00 18

    Pakistan Cotton Tariff

      

    whole

    Pakistan

    Textile factories Association (APTMA) strongly demands rationalization.

    Polyester staple fiber

    Tariffs reduce yarn prices.


    A spokesman for the Pakistan textile factory Association said on Wednesday: "we have asked the government to save the textile industry from serious crises, rationalize the tariffs on polyester staple fibers and reduce yarn prices, so that our value-added sectors will be more competitive in the international market."


    The Pakistan Textile Mills Association announced that

    cotton

    Imports and exports are tax-free, but many trade restrictions have been imposed on polyester staple fibers.

    As a result, synthetic fiber accounts for only 18% of total raw materials in Pakistan, compared with 60% in the world.


    The current tariff structure is seriously abnormal, and polyester staple fiber blended yarn is zero import duty, but polyester staple fiber as a raw material needs to pay 4.5% of the punitive import tax.


    Pakistan is extremely short of polyester staple fiber.

    Dewan Salmant fiber company closed down due to the overall financial problems of the group, resulting in a shortage of 38% of the available polyester staple fiber.

    As a result, the price gap between local polyester staple fiber and international polyester staple fiber has expanded rapidly, resulting in the loss of 30% competitiveness of Pakistan's products.

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