Asif Inam, Chairman, APTMA-Sindh-Balochistan Region has strongly condemned mala-fide propaganda about shortage and unavailability of yarn despite imports being allowed from all over the world except India. He said, yarn is currently being imported from 59 countries and the customs data has been fabricated to magnify a slight decline by comparing exports of 28 days in February 2021 to 29 days in February 2020.
As per Inam, the downstream industry is creating a hue and cry over unavailability of cotton yarn even though they are provided all facilities including subsidized Export Refinance Facility, Duty Local Taxes and Levies (DLTL), etc. Moreover they are also allowed to import duty free cotton yarn under DTRE, Export Oriented and Manufacturing Bond Schemes if they find the local yarn expensive. On one hand, the downstream industry is pushing the government to introduce long term policies, and on the other, it is urging it to rescue them from the forward selling of foreign exchange, non-selling of foreign exchange and higher commodity prices all over the world. Inam urged the government not to allow import of cotton yarn, from India until trade relations between the two countries are normalized.












