Pakistan textile industry growth hampered by the 6% import duty on PSF

News Tags: All Pakistan Textile Mills Association (APTMA), current fiscal year, FOB price, import duty, Pakistan textile industry, polyester staple fiber (PSF), world dependence on Polyester

Lahore
Pakistan textile industry growth hampered by the 6% import duty on PSF
Summary: 
Pakistan’s textile industry which is the largest manufacturing industry in the country and contributes about 8 % to its GDP is becoming “unviable” in terms of export of yarn and fabric said the All Pakistan Textile Mills Association (APTMA) Chairman S.M.Tanveer.

Pakistan’s textile industry which is the largest manufacturing industry in the country and contributes about 8 % to its GDP is becoming “unviable” in terms of export of yarn and fabric said the All Pakistan Textile Mills Association (APTMA) Chairman S.M.Tanveer.

The industry growth has become stagnant due to non-diversification since long. He further highlighted that the world dependence on Polyester is around 70% at present against merely 19% in Pakistan. This situation has made it difficult for local industry to find place in the world market.

http://nation.com.pk/business/14-May-2015/6pc-import-duty-on-psf-detrimental-to-textile-industry
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Pakistan textile industry faces setback over import of specialized manmade fibre

News Tags: acrylic, APTMA, fabric waste, import duty, manmade fibre, Pakistan textile industry, raw material, viscose

Karachi
Pakistan textile industry faces setback over import of specialized manmade fibre
Summary: 
All-Pakistan Textile Mills Association (Aptma) has drawn the attention of the Federal Minister for Textile Industry Abbas Khan Afraidi towards the duty of five percent still imposed on imports of specialized manmade fibre, such as viscose, acrylic, bamboo, lycra and slub due to which the industry is facing problems.

All-Pakistan Textile Mills Association (Aptma) has drawn the attention of the Federal Minister for Textile Industry Abbas Khan Afraidi towards the duty of five percent still imposed on imports of specialized manmade fibre, such as viscose, acrylic, bamboo, lycra and slub due to which the industry is facing problems. Aptma Chairman Mohammad Yasin Siddik, in a letter to the minister, has stated that Pakistan has no plants for producing specialised manmade fibre.

http://www.dawn.com/news/1115766/textile-industry-confronting-problems
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