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PhotoNews Pakistan > Business > ‘Textile industry confronting problems’
Business

‘Textile industry confronting problems’

Web Desk
By Web Desk Published June 29, 2014 1 Min Read
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All-Pakistan Textile Mills Association (Aptma) has drawn the attention of the Federal Minister for Textile Industry Abbas Khan Afraidi towards problems confronting the industry.

Aptma Chairman Mohammad Yasin Siddik, in a letter to the minister, lamented that Pakistan has no plants for producing specialised manmade fibre, such as viscose, acrylic, bamboo, lycra and slub, but a duty of five per cent is still imposed on its imports.

He revealed that the usage of man-made fibre in Pakistan is less than 20 per cent in contrast with 60pc in other textile producing countries.

The Aptma chief mentioned that in the budget 2014-15 one per cent customs duty and 5pc sales tax has been imposed on import of raw cotton.

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