Pakistan 50&Nbsp; Home Textile Mill Has Been Closed.

　 Pakistan insiders said that as the price of cotton rose to 7000 rupees / maund, Pakistan may have 100 spinning mills facing the fate of closure. About 50 spinning mills have been closed because of Cotton yarn Prices are rising, and 50 factories are closing soon.

On the other hand, Spin The industry is also facing an unfavorable situation, which makes yarn sales price lower than the market price by 15%.

Cotton and lack of funds, cotton procurement price as high as 7000 rupees / maund, this is the highest cotton purchase price has never appeared in history, which is the main reason leading to the closure of the spinning mill. Now, the government should take short-term measures for the free market mechanism.

Since last year, the world cotton Lack of cotton prices, especially in China, has risen all the way. In addition, the Ministry of textile industry prohibits the export of yarns, one after another restricting the free market mechanism, which affects the value-added sectors of the textile industry.

Cotton prices suddenly soared, pushing spinning entrepreneurs to the brink of precipice, which is also not conducive to the operation of value-added enterprises.

For these reasons, global buyers lose confidence and trust in Pakistan's value-added sector as a supplier. During this period, 15% of the export duty of yarn will be extended to September. However, as the Ministry of textiles seriously and seriously considers the abolition of the 15% regulatory tax in July 27th, it can not be extended until September. This is done to help farmers, because the delay will lead to more closure of the spinning mills, causing the chaos of cotton farmers. Therefore, in order to avoid more harm to cotton farmers, the government will reconsider the policy decisions made so far.