FAISALABAD: The textile exporters have once again strongly criticised the government’s proposal of 15 per cent duty on Indian yarn.
Council of Loom Owners Chairman Waheed Khalid Ramay said that in 2010-11, spinners exported yarn worth billions of rupees to China ignoring the local value-added and weaving sector. He said during peak exports to China, Pakistan’s value-added sector suffered immensely as the price of 40-single yarn had surged to Rs17,500, adding that now its price has come down to Rs13,000 per bag.
PYMA Central Chairman Qaisar Shamas said that in 2012, cotton yarn imported from India was 6,500 tonnes, surged to 30,000 tonnes in 2013 and now is touching about 36,000 tonnes.
