AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 10,010 Increased By 126.5 (1.28%)
BR30 31,023 Increased By 422.5 (1.38%)
KSE100 94,192 Increased By 836.5 (0.9%)
KSE30 29,201 Increased By 270.2 (0.93%)

Chairman All Pakistan Textile Mills Association (APTMA) Gohar Ejaz has demanded immediate withdrawal of 6 percent import duty as well as anti-dumping duty on import of Polyester Staple Fiber (PSF) to enable textile industry to manufacture competitive blended textile products both for domestic & export markets.
An APTMA delegation led by central Chairman called on the Federal Minister for Textile Industry and made detailed presentation on the existing situation arising out of the short supply of PSF amidst cotton shortage. Representatives of the PSF manufacturers were also present on the occasion.
Chairman APTMA Gohar Ejaz said the PSF-dependent textile industry was short of supply of 10,000 tones of PSF monthly, mainly due to closed capacities in the country. The tariff protection of 6 percent duty on import stage besides the anti-dumping duties ranging up to 10 percent has made economically unviable for textile industry to import PSF and meet requirements for manufacturing blended yarn textile products.
He said the PSF is used for manufacturing poor man's products by the industry and prevailing obstacles are inflicting adverse impact on growth of textile industry by and large. Further, he said, import restrictions have also deprived local textile industry to import and utilise it accordingly.
Chairman APTMA said PSF is a direct substitute of cotton, already short in Pakistan and a timely provision to import duty free PSF would make Pakistan textile industry competitive regionally as well as internationally. He urged the Policymakers for removal of Customs and Anti-Dumping duties on imports from all origins.
Import of PSF is severely hampered due to such an unfair practice. Such unmerited treatment to our friendly Chinese counterparts is damaging relations between businessmen of the two countries. The whole textile chain is operating duty-free whereby cotton, which is short in Pakistan is being exported freely and yarn can be imported without duties, PSF has been slapped with Anti-Dumping duty and import tariffs. Unless PSF and cotton are treated equally, value-added industry based upon synthetic blends will suffer heavily.

Copyright Business Recorder, 2010

Comments

Comments are closed.