The Cotton Cloth, Bed sheets, Apparel and textiles made ups manufacturers and exporters are demanding for a total ban on export of coarse yarn being consumed by the domestic industry, and agreed that only fine yarn above 32 single counts should be allowed for export.
This demand was made by the leaders of the trade bodies and manufacturer associations, who are currently facing with an acute shortage of yarn in the Faisalabad Yarn Market. Local cotton yarn market sources said that the increase in the export of coarse yarn had made the exporters unable to buy the yarn.
A leading exporter, Rana Akhlaq Ahmad Chairman All Pakistan Cotton Powerlooms Association (APCPA) stressed upon the government to evolve a comprehensive policy to ban the export of yarn and cotton to stabilise the local markets. He said there would be no need, if the country excels in value addition and stops exporting semi-finished raw material to other countries.
Most of our competitors, he said are thriving on raw material, such as yarn and fabric supplied (exported) by us and after making value-addition they do not only give us tough time in the world market, but also capture our share of the market.
He urged the government to draw a long-term planning wherein some difficult decisions have to be taken, but this is the only way to ensure country's progress and prosperity by generating more job opportunities in apparel and home textile sectors. Textile Industry is already struggling and running at almost 50 percent capacity, and cannot sustain further shocks, said Rana Akhlaq Ahmad.
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