Yarn rates continuously increase due to shortage of yarn and cotton in market from start of the month. 20 to 70 rupees rise from 10 days but 150 to 300 Rupees swell up in 30 days. The continuous increase in the yarn price has created difficulties for the value-added sector.
Count 7/S and 10/S, sales are dead, 16/S, 20/S, 22/S, 24/S, 30/S, 40/S and 52/S slow in market. Count 32/S, 72/S and 80/S sale on 10% increase from previous rate (Thursday). Ex Chairman All Pakistan Yarn Merchant Association, Muhammad Ashraf Gandhi said, if the Government not takes on any action the weaving and knitted sector will totally damaged, and industry would be stiff and thousand workers would unemployed. He also expressed the unscheduled load shedding of gas and electricity, which is damaging for production. He said, increase in tariff of electricity and gas hurt to industrialist.
He said, the Government saving the textile industry and makes a strong future strategy consult with the all textile associations in Pakistan. If the policies meet the interests of the investor then we will achieve the export targets, he added.
One more stakeholder Pakistan Textile Exporters Association has expressed disappointment over partial, insufficient and ineffectual tariff concessions announced by European Union for Pakistani textiles. Adil Manzoor Ellahi, Vice Chairman PTEA said the Firstly main lath of Pakistani textiles like home textiles, knitted goods and readymade garments have been left out, second bed sheets, which is strongest Pakistani textile manufacturer has been excluded, third only 27% of Pakistani textile exports worth US $1.3 billion will stand to benefit and finally the concession pack is yet to be approved at various policy decision levels and would be implemented three months later effective first January next calendar year.
PTEA vice Chairman said if European Union sincerely wanted to help flood hit Pakistani economy, it should accord GSP plus concession to Pakistani textiles as was done during the period when Pakistan was fighting war in Afghanistan as front line state against Russia in 1990s.
They further stated that total volume of Pakistani exports to European Union was around US $3 billion, which constituted a meagre portion of European import trade from all world countries. Even if Pakistani textiles registered quarterly increase, no major dislocation in European market will occur.
They further contended that Pakistan was fighting war on terror as front line state for western countries and was sacrificing its man power, economy and peace for their sake. It was therefore moral obligation of EU and USA to help Pakistan extraordinarily through trade concessions, they concluded. Chaudhry Salamat Ali, Chairman, Pakistan Hosiery Manufacturers and Exporters Association (PHMA) North Zone demanded that the export of yarn should be allowed after meeting all domestic users of Yarn and its best interest of the country.
He is more demanded from government should take proper action and remove miss co-ordination in concerned ministries and protecting the investment of the billion dollars in industrial sector. He said while cotton market jumped upto Rs 7600 per bale on Monday instead of the international market of cotton at down slide position. He demanded that the export of yarn should be allowed after meeting the domestic requirements of textile industry in the best interest of the country and export of cotton should be control for future shortage of 1.2 million bales.
Commenting over the prevailing situation, he warned that if the protective measures not adopted by the government to the Weaving and Knitted sector, not only the wheel of industry would be jammed but the employment of thousand workers would also be affected.