5, June &Nbsp; 50 Textile Units In Pakistan Failed.

Asking the government not to extend Yarn outlet At the time of the adjustment tax, the chairman of the Pakistan Textile Mills Association (APTMA) said on Thursday that in the past two months, 50 textile units in Pakistan had failed because of the adjustment tax.

Ahmad, a Pakistan Changsha textile factory Association, said that the extension of the export duty will hurt the spinning department again. The tariff on yarn exports will end in July 26th, and he asked the government not to extend the regulatory tax again.

Shahzad Ahmad said: "we bought cotton from the international market at a high price, an increase of 15%. Regulatory tax 。 When we export, our prices are higher than those in other countries, and exporters in Pakistan can not export yarn.

It is reported that Pakistan The government is highly considering extending the export duty of yarn for another month until August 26th. The cabinet textile committee will make the final decision next week.

It is worth mentioning that the Standing Committee of the national textile industry will convene in July 13th, and it will propose extending the export duty on the yarn from July 26th to August 26th to ensure that the yarn is available in the local market.

Pakistan's federal textile industry minister Rana Faruqi Saeed Ahmad Khan has organized a textile sector manufacturer and exporter committee to recommend a new yarn export strategy, but so far no final decision has been made. This issue will now be discussed with the Federal Minister of textiles. The representative of the spinning department will hold an important meeting with the Minister of textiles on the next issue.

Supplement:

Kadir, Segun Ajayi- Kadir, President of the Nigeria Manufacturers Association (MAN) Ikeja branch, said that the failure of the manufacturers association members is mainly textile manufacturers.

He said that foreign textile materials poured into the Nigeria market, Nigeria's own production facilities were inadequate, the textile industry's economy deteriorated seriously, the productivity declined and suddenly collapsed.

Kadir sighed that the problem of textile industry existed for more than ten years, but the government did not formulate specific measures to solve the problem, and the industry did not restructure the textile industry.

In addition, some locals are engaged in smuggling activities, smuggling foreign textile materials into the domestic market, and sabotaging their manufacturing industries. Such acts harm their economies.

He said: "when entrepreneurs spend a lot of money on raw materials and labor, but lack basic infrastructure, the speed of production of entrepreneurs decreases, and they have no chance to increase profits. For enterprises, the unprofitable situation can not keep the enterprise for a long time. "