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Current: home >>News >> Lace Market >> Pakistan forbid the exprot of cotton

Pakistan forbid the exprot of cotton

Business News Agency September 28 Northern Pakistan Knitwear Manufacturers and Exporters Association (PHMA) asked the Government to completely ban the export of raw cotton, in addition, exports of yarn, 30% of the adjusted tax levy, or value-added textile sector will have to withstand the loss of lost foreign orders. PHMA Pakistan on Wednesday said in a statement, no doubt, the recent floods washed away a large 200 million bales of cotton, but cotton acreage expanded, expand the area's cotton production is equivalent to the losses caused by floods. They asked the Government to take immediate steps to save the national economy from collapse. They warned that the government should not revoke the export tariff measures, the Government should prohibit the export of cotton yarn and, otherwise, the textile industry will collapse, millions of workers will lose their jobs. Deputy District PHMA Ahmed said that in the past 20 days, yarn prices rose more than 25% (this is also because the recent price increase of cotton lace), resulting in a lack of Pakistan's exports competitive in the international market. They also asked the Government to maintain the 200 million of cotton as a buffer stock to stabilize the domestic market, cotton and yarn prices. They asked, exports to maintain a zero tariff, while tariffs on imports of polyester should be revoked.
[From: 原创] [Author: Wang] [Date: 10-11-20] [Hits: ]


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