LAHORE: The Pakistani mills are facing problems as Bangladesh has imposed a month-long ban on export of raw jute.
Pakistan Jute Mills Association (PJMA) Secretary General Muhammad Younus, in a statement, said that the jute sector in Pakistan is already under tremendous pressure due to the challenges it is facing like lower demand than capacity and stiff competition from woven polypropylene and other health hazardous packaging material.
He alleged that the Bangladeshi government has violated international norms both on legal and moral grounds as the shipments have already been paid for through TT & LC’s at sight which have been affected due to this sudden ban.
‘This export ban by Bangladesh without forewarning will result in a serious crisis for the local jute industry if not lifted immediately. ‘It will have serious implications for the upcoming crops of Rice, Potato, Wheat, Maize etc. This ban will have a very negative impact on commodities which need to be properly packed in natural fiber,’ he added.
