PAKISTAN TEXTILE SECTOR CALLS FOR END TO NEW COTTON IMPORT DUTY
August 1st, 2016
Pakistan’s textile industry is warning of serious damage to the cotton-related businesses if a new 4% import duty currently charged on raw cotton for textile manufacturers serving domestic market is maintained.
“This policy will have a long term impact on the cotton consumption in Pakistan and the whole value chain will be affected,” Asif Inam, vice chairman of All Pakistan Textile Mills Association (APTMA), in Karachi told WTiN.
Import duties on raw cotton sold into Pakistan were increased from 2% to 3% in the country’s national budget, presented on ...
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