Pakistan PHMA Calls For A Total Ban On Raw Cotton Exports.

2010/9/28 14:15:00 66

The North District knitwear manufacturer and exporter Association (PHMA) asked the government to ban the export of raw cotton completely.

Yarn outlet

30% of the adjustment tax will be levied, otherwise the added value textile sector will have to bear the loss of foreign orders.

On Wednesday, Pakistan PHMA said in a statement that there was no doubt that the recent floods washed away 2 million bags.

cotton

However, the cotton planting area has been enlarged, and the cotton yield of the area has been enlarged, which is equivalent to the loss caused by flood.

They asked the government to take immediate measures to save the economy from collapse.

They warned that the government should not revoke export zero tariff measures. The government should ban exports of yarn and cotton. Otherwise, the textile industry will collapse and millions of workers will lose their jobs.

Ahmad, vice president of North China PHMA, said that in the past 20 days, yarn prices had risen by more than 25%, leading to Pakistan's lack of competitiveness in the international market.

They also asked the government to maintain 2 million cotton as a buffer stock to stabilize the price of cotton and yarn in the domestic market.

They demanded that exports should maintain zero tariffs, while polyester import tariffs should also be abolished.