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APTMA rejects yarn shortage claims, opposes imports from India

  

Zahid Mazhar, Senior Vice Chairman, All Pakistan Textile Mills Association (APTMA) has rejected claims made by Pakistan Hosiery Manufacturers Association and Pakistan Textile Exporters Association regarding yarn shortage in the country and their proposal of allowing import of cotton yarn from India. Mazhar pointed out from July 2020 to December 2020 as per the data released by Pakistan Bureau of Statistics, Pakistan produced 1,715,665 tonne of cotton yarn compared to the corresponding period of last year when 1,714,175 tonne was produced in the country. Out of the total production of yarn only 10 percent was exported in the first half of the current financial year whereas 90 percent was available for the downstream industry, of which the domestic downstream industry consumes only about 70 per cent and the balance 20 per cent remains as surplus.

Moreover exporters are allowed to import duty free cotton yarn under DTRE, Export Oriented and Manufacturing Bond Schemes from abroad if they find the local yarns expensive. He added the real problem was shrinkage of local cotton crop which has witnessed a massive decline over the last few years and this season’s projected production is the worst ever at about 5.5 million bales as against the annual consumption of cotton over 15 million bales

 
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