Pakistan's Cotton Output Is Expected To Reach 14 Million Packs This Year.

according to Pakistan In July 23rd, the Business Journal reported that Nazar Muhammad Gondal, Minister of food and agriculture of the federal government of Pakistan, delivered a speech to the Executive Committee of the Multan chamber of Commerce and industry, refuting reports of Zal's 80% cotton fields suffered from leaf wasting disease and insect pests. It is reported that the output of Pakistan cotton is expected to reach 14 million packages this year, which is enough to meet the production demand of the textile industry in Pakistan.

Gondar said Pakistan this year cotton The output has been so successful that it has benefited from the government's high regard for agricultural production and the successful introduction of 9 antiviral cotton varieties. He said the government will continue to give priority to developing agriculture so as to realize the country. Economics Sustainable development.

Supplement:

Industry experts said that because the government decided to increase the import duty of PSF from 4.5% to 6%, the Pakistan textile industry would have to bear more than 750 million rupiah tax burden.

A recent meeting of the cabinet Coordination Committee (ECC) made a decision to increase import tariffs.

A polyester Mill said that the textile industry's entrepreneurs would have to pay an extra 500 million rupee tariff due to a 1% increase in tariffs.

Although the government only increases 855000 rupees by raising the 1.54% tariff, the entrepreneurs of spinning enterprises will have to increase the extra expenditure of 750 million rupees, because domestic producers will raise their prices because of the increase in import tariffs.

An industry expert said, in short, they are paying 3 billion rupees for domestic polyester manufacturers.

The total amount of polyester fiber used in Pakistan is about 450 thousand tons per year. In 2008-09, the volume of use was 430 thousand tons, of which 335 thousand tons were produced by 4 domestic textile factories, and their production capacity remained at 91%.

After the closure of the world's largest polyester fiber manufacturer in Pakistan, the remaining four enterprises (Ibrahim fiber, Rupali, ICI and Pakistan chemical fiber Pakistan Synthetics) produced 350 thousand tons in the 2009-10 fiscal year and 75000 tons in the same year.

After raising import tariffs, the government's revenue is negligible, but the cost of the four domestic companies' pockets will be much higher than expected.