AIRLINK 217.98 Decreased By ▼ -4.91 (-2.2%)
BOP 10.93 Increased By ▲ 0.11 (1.02%)
CNERGY 7.55 Decreased By ▼ -0.01 (-0.13%)
FCCL 34.83 Decreased By ▼ -2.24 (-6.04%)
FFL 19.32 Increased By ▲ 0.08 (0.42%)
FLYNG 25.15 Decreased By ▼ -1.89 (-6.99%)
HUBC 131.09 Decreased By ▼ -1.55 (-1.17%)
HUMNL 14.56 Decreased By ▼ -0.17 (-1.15%)
KEL 5.18 Decreased By ▼ -0.22 (-4.07%)
KOSM 7.36 Decreased By ▼ -0.12 (-1.6%)
MLCF 45.63 Decreased By ▼ -2.55 (-5.29%)
OGDC 222.08 Decreased By ▼ -1.18 (-0.53%)
PACE 8.16 Decreased By ▼ -0.02 (-0.24%)
PAEL 44.19 Increased By ▲ 0.69 (1.59%)
PIAHCLA 17.69 Decreased By ▼ -0.37 (-2.05%)
PIBTL 8.97 Decreased By ▼ -0.10 (-1.1%)
POWERPS 12.51 Decreased By ▼ -0.50 (-3.84%)
PPL 193.01 Decreased By ▼ -5.23 (-2.64%)
PRL 43.17 Increased By ▲ 0.93 (2.2%)
PTC 26.63 Decreased By ▼ -0.76 (-2.77%)
SEARL 107.08 Decreased By ▼ -3.00 (-2.73%)
SILK 1.04 Decreased By ▼ -0.02 (-1.89%)
SSGC 45.00 Decreased By ▼ -2.30 (-4.86%)
SYM 21.19 Increased By ▲ 0.42 (2.02%)
TELE 10.15 Decreased By ▼ -0.37 (-3.52%)
TPLP 14.51 Decreased By ▼ -0.44 (-2.94%)
TRG 67.28 Decreased By ▼ -1.57 (-2.28%)
WAVESAPP 11.29 Decreased By ▼ -0.63 (-5.29%)
WTL 1.70 Decreased By ▼ -0.09 (-5.03%)
YOUW 4.25 Decreased By ▼ -0.10 (-2.3%)
BR100 12,397 Increased By 33.3 (0.27%)
BR30 37,347 Decreased By -871.2 (-2.28%)
KSE100 117,587 Increased By 467.3 (0.4%)
KSE30 37,065 Increased By 128 (0.35%)

All Pakistan Textile Mills Association (APTMA) has demanded of the government to slap a complete ban on the import of yarns, fabric and garments from India by putting these items on the negative list. Tariq Saud, Chairman APTMA Wednesday urged the federal government for putting the import of cotton and synthetic-based Indian textile goods, including all types of yarns, fabric and garments, on the negative list.
Addressing an in-house meeting of the association, Saud voiced concern over the situation, saying that the unchecked onslaught of imported and smuggled textile goods has created a crisis situation in the textile industry. Chairman APTMA said the domestic commerce has become hostage to the Indian goods, which has triggered joblessness and mills' closures in Pakistan. "It is an encroachment of the Indian textile industry on the domestic commerce of Pakistan," he added.
He said start of the summer production season is round the corner, which requires immediate action on the surge in dumping of Indian textile goods in Pakistan. He pointed out that India was providing safeguards to its textile industry and creating hurdles in the way of level playing field by having introduced Pakistan-specific duties, reaching to the highest range of 100 percent. Goods from Pakistan are therefore being subjected to discriminatory treatment.
For trade with India, the federal government should not deny a level playing field to the textile industry of Pakistan. "The water jet looks-based units of Pakistan are not able to sell their products to India because of the high rate of duties and Non-Tariff Barriers," he added. During the meeting, APTMA Punjab Chairman Aamir Fayyaz said India has waged an economic war on Pakistan by hurting its textile industry. He said time has come that the economic managers of the country should consider the situation seriously and take appropriate steps at the earliest to save the textile industry, which is the mainstay of Pakistan's economy.

Copyright Business Recorder, 2015

Comments

Comments are closed.