The Central Executive Committee (CEC) of the All Pakistan Textile Mills Association (APTMA), has totally disallowed the export package extended by the previous government, the reason being that it would reverse 15 per cent growth in exports.

CEC has also criticised the reduction in rebate and exclusion of yarn and fabric from the list. The CEC also rejected the imposition of 11pc duty, on import of cotton from 15th of July. Also, CEC has detained that the imposition of import duty on cotton would erode the viability and competitiveness of industry and nullify the gains in exports during the last one year. APTMA had agreed with the last government that there would be no refund on yarn and grieg cloth provided that the payment of refund on made ups and printed and dyed fabric is subject to use of domestic yarn and Grieg cloth.

APTMA has strongly objected to the decrease in the rates of DLTL which, in the current scheme ending June 30th, is 7pc on made ups and 6 percent on other items, which has now been reduced to a maximum of 4 per cent.

Because of the reduction in DLTL rates and exclusion of yarn and grieg cloth which is $4 billion of total exports the reappearance of export will decrease substantially and the imposition of duty on cotton will hit the industry hard.