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Tuesday, 20 April 2021 13:40

Pakistan exporters say yarn imports will not ensure sustainable supply of raw materials

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Pakistan’s value-added sector has warned importing duty-free cotton yarn from India will not ensure a sustainable supply of key raw materials. The government recently waived customs duty on cotton yarn but refused to allow imports from India. This facility is available till June 2021. Javed Bilwani, Chairman, Pakistan Apparel Forum said, any import or export of consignments takes two to three months as most ports are facing severe congestions

Another exporter Aamir Aziz said, shipping lines have also increased their freight charges five to six times and even then take too much time to ship the goods. Recent data shows export growth is the result of at least two months before production and shipment and the impact of shortage of cotton yarn is likely to be felt in the next few months, he added