The Karachi Cotton Association (KCA) claiming that cotton import was crucial for the textile industry to meet the requirements of basic raw material said that levy of any tax on imported cotton would considerably increase their cost of doing business.
Hence, KCA seeks to review cotton import for which it has appealed the government to review reported proposal regarding the levy of duty and taxes on import of raw cotton.
KCA officials on Wednesday said that cotton crop failure in season 2015-16 and shortfall in cotton crop season 2016-17 had compelled most of the local textile mills to import raw cotton from abroad.
It will make the local textile products uncompetitive in the international market, and urged the authorities to continue with free trading policy of cotton.
Free exports and import of cotton without any qualitative restrictions in the coming years was said to safeguard the interest of all sections of the cotton business.
Milliken & Company has launched Millibrite, a next-generation fabric whitening technology developed to meet the changing needs of modern laundry…
Biocompatibility Innovation has launched B-Kool, a plant-based technology that helps prevent bacterial contamination through a mechanical, non-biocidal approach.
ECS Composites, a Becklin Holdings company specializing in protective enclosures, has announced new advancements in its carbon fiber composite technology.
Cooling fabric specialist brrr° has introduced brrr°X, a new moisture management fabric designed for sportswear, activewear, and outdoor apparel.
NATIVA, known for its traceable natural fiber solutions, has launched its NATIVA Wool and NATIVA Cotton programs on the TextileGenesis…
Ponda has partnered with Imperial College London to launch branded apparel insulated with BioPuff, a plant-based material made from wetland-grown…