Mohammad Jawed Chinoy, Zonal Chairman of Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) in his statement to the press, expressed extreme disappointment over EU executive commission's decision to allow tariff waiver on cotton yarn, cotton fabrics, manmade fibers, etc from Pakistan. Pakistan's textile industry was pinning great hopes on this announcement and what we have been offered is just peanuts, he said.
Pakistan's textile industry is already facing acute shortage of cotton due to floods and to allow export of cotton yarn in this situation seems a cruel joke, he added. We thought EU understood our situation arising from the devastating floods and wants to promote stability in Pakistan but after this decision, it just seems like eyewash, he lamented.-PR
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