Pakistan Textile Mills Association Requires Zero Tariff To Import Raw Polyester Staple Fiber.

The government has allowed zero tariff imports of polyester staple yarn, but a 4.5% anti-dumping duty on the raw polyester staple, which is a serious tariff anomaly, is difficult and should be cancelled immediately, said the Pakistan textile factory Association.

Rationalizing the import tariff of raw polyester staple will reduce the price of yarn, make the value-added sector more competitive in the world market, and save the textile industry from the crisis again.

Pakistan is facing a shortage of polyester staple fiber.

The collapse of Dewan Salman fiber company has increased the shortage of polyester staple fiber in Pakistan, which is short of 38%. Thus, the price of PET staple in Pakistan's domestic market is 30% higher than that in the international market.

Levying taxes on polyester staple has reduced synthesis.

The Pakistan Textile Mills Association requires the government to immediately cancel all import tariffs on raw materials so that the country can achieve its export target of US $25 billion in 2014.