The All Pakistan Textile Mills Association has lambasted India for waging an economic war against Pakistan and the border shooting. Both the sitting central Chairman SM Tanveer and the upcoming Chairman for the Punjab chapter Aamir Fayyaz accused India of dumping yarn in Pakistan to stop the industry wheel. "India was firing shots on the border, on the one hand, and dumping its yarn in Pakistani market, on the other," Chairman Tanveer said.
He carried on with the details that India had imposed a duty of 28 percent on the import of Pakistani yarn. "It has been offering five to seven percent rebate to its exporters extra for exporting yarn to Pakistan. Duty on import of yarn from India is merely five percent, which is quite amazing." He said his association had urged the government to tell importers to import yarn under the Duty and Tax Remission Scheme but all in vain since all demands were "falling on the deaf ear of the policy makers".
He apprehended that the vested interest elements were evading tax on the import of yarn. "India is not friend of Pakistan," he said. "India has planned to kill the textile industry of Pakistan." And he also deplored that the government's lack of seriousness towards the situation despite repeated calls for action by his association. He said Pakistan was importing 70,000 tonnes of yarn per annum out of which 70 percent was originating from India.
Aamir Fayyaz blamed India for waging an economic war by extending support to its exporters against Pakistan, saying the policy makers should understand that the availability of nuclear arsenals had become "meaningless" when "your enemy has aimed at you economically".
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