The Pakistan textile sector has demanded either an immediate ban on cotton yarn exports or a fixed export quota to limit shipments in the face of the commodity’s shortage in the domestic market. As per a Tribune report, Shahzad Azam Khan, Central Chairman, Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has urged the government to eliminate all types of duties and taxes on the import of industrial raw materials not manufactured in the country.

The textile industry will be forced to shut down several units if the government fails to resolves these events, he added. Khan also requested the government to clear tax refunds of billions of rupees to ensure availability of raw material at reasonable rates to improve exports and avoid the imposition of taxes through the mini-budget.