Pak textile bodies seek ban on cotton & yarn exports

Several textile associations in Pakistan have urged the Government to either ban raw cotton and coarse yarn exports from the country or levy a 15 percent duty on their exports, so as to safeguard the domestic textile industry against rising cost of doing business and competition.

All Pakistan Textile Mills Association’s (APTMA) representative Yasin Siddik, Pakistan Apparel Forum’s (PAF) Jawed Bilwani, Pakistan Towel Manufacturers Association’s (PTMA) Feroze Azam and Karachi Cotton Association’s (KCA) Shakeel Ahmad made the plea, while highlighting the continuous decline in exports of value-added textile items from the country.

The associations noted that cost of doing business for the value-added textile industry has increased, as exports have led to shortage of raw cotton, cotton yarn and polyester fibre, the basic raw materials used by the domestic value-added textile industry.

Hence, the textile bodies demanded that the Government introduce a levy of 15 percent duty on export of raw cotton and coarse yarn or ban exports of the same.

Mr. Ahmad said that even while retaining high-quality, Pakistan’s cotton and coarse yarn are still cheaper than those from other countries. He added that the Government is acting biased towards the ginning sector and it is neglecting the interests of the country’s biggest employment and foreign exchange generating value-added textile industry.

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