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Thursday, March 28, 2024

PHMA appeals the government to allow cotton yarn export

In spite of categorical reassurance that the government would not allow cotton yarn export, the media campaign by the Textile division has rocked the whole value-added textile sector. The government must reverse this decision to save national exports from another crisis.

In a press conference at Pakistan Hosiery Manufacturers & Exporters Association (PHMA) House, Mian Kashif Zia, Senior Vice Chairman (PHMA) said contrary to the initial estimates of 15m bales of cotton, only 10m bales have been harvested. He said that it has already generated a shortage of cotton and cotton yarn in the local market however export of cotton yarn will worsen this situation.

Mr Syed Zia Alumdar Hussain, President Faisalabad Chamber of Commerce & Industry (FCCI) said that a task force meeting for the improvement of the textile sector was held on March 30 with Mr Abdur Razak Dawood Advisor to PM on Commerce and Industry in the chair. He guaranteed that the government was committed to supporting the value-added textile segment which was contributing its main role in earning foreign exchange in addition to provide jobs to the maximum workforce.

He told that the government has assured that refund claims of sales tax would be paid through negotiable promissory notes but still no improvement has been witnessed in this respect. I have requested Mr Zafar Iqbal Sarwar coordinator to Consultant to PM on Textile to take their message directly to Prime Minister to intervene and take an immediate decision as per the broader outlook of its government to avert the export of raw material. He also pointed out that the government must withdraw 10 percent regulatory duty on Cotton yarn and 52% duty on polyester to generate much-needed manufacturing activities.

Mr Arif Ehsan Malik, chairman (APBUMA) All Pakistan Bed sheet and Upholstery Manufacturers Association, informed that the value-added textile sector is being forced to start assertion by taking such illogical decisions which are also contrary to the policies of the government to bridge the import-export gap.

Mr Arif Ehsan Malik, chairman (APBUMA) All Pakistan Bed sheet and Upholstery Manufacturers Association, informed that illogical decisions that are contradictory to the policies of the government to bridge the import-export gap, are forcing the value added textile sector to start a protestation.

Zafar Iqbal Sarwar coordinator to advisor  to PM told that PTI had formed a textile policy by taking all industry stakeholders into confidence. “There was a complete consensus that government will focus on value added textile sector instead of encourage the export of raw material,” he added and we do not allow anybody to deviate from it.

Regarding the promissory notes issuance delay, he told that there were several legal hitches which have now been removed and these would be issued to the exporters positively before April 30, 2019.

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