Add news
Нами Накагава — Kimi Wa Kirameki/Ты - Сияние! (feat. Ichigo Tanuki)
March 2010
April 2010
May 2010June 2010July 2010
August 2010
September 2010October 2010
November 2010
December 2010
January 2011
February 2011March 2011April 2011May 2011June 2011July 2011August 2011September 2011October 2011November 2011December 2011January 2012February 2012March 2012April 2012May 2012June 2012July 2012August 2012September 2012October 2012November 2012December 2012January 2013February 2013March 2013April 2013May 2013June 2013July 2013August 2013September 2013October 2013November 2013December 2013January 2014February 2014March 2014April 2014May 2014June 2014July 2014August 2014September 2014October 2014November 2014December 2014January 2015February 2015March 2015April 2015May 2015June 2015July 2015August 2015September 2015October 2015November 2015December 2015January 2016February 2016March 2016April 2016May 2016June 2016July 2016August 2016September 2016October 2016November 2016December 2016January 2017February 2017March 2017April 2017May 2017June 2017July 2017August 2017September 2017October 2017November 2017December 2017January 2018February 2018March 2018April 2018May 2018June 2018July 2018August 2018September 2018October 2018November 2018December 2018January 2019February 2019March 2019April 2019May 2019June 2019July 2019August 2019September 2019October 2019November 2019December 2019January 2020February 2020March 2020April 2020May 2020June 2020July 2020August 2020September 2020October 2020November 2020December 2020January 2021February 2021March 2021April 2021
News Every Day |

Govt about-turn on Indian cotton imports irks textile sector

Govt about-turn on Indian cotton imports irks textile sector

KARACHI: The federal cabinet’s decision to defer the Economic Coordination Committee’s (ECC) decision of allowing the import of cotton and cotton yarn from India through land and sea routes has annoyed the textile sector.

Pakistan Apparel Forum chairman Jawed Bilwani on Thursday said the federal cabinet’s decision had disappointed the textile export industry. He described Commerce Adviser Abdul Razak Dawood’s recommendation to allow import of cotton yarn from India as realistic and the need of the hour. The federal cabinet, he added, must accord serious considerations to it.

The textile export sector has been continuously demanding duty free import of cotton yarn from all over the world, including India, to avert any big loss to textile exports.

He said the rejection of the ECC’s proposal by the cabinet would convey a negative message to foreign buyers as cotton yarn was not available in the country.

Mr Bilwani claimed that prices of cotton yarn had increased after the federal cabinet’s decision. The government must ensure availability of cotton yarn in the country if it did not want to allow its import from India, he added.

He feared massive textile export decline if import of cotton yarn from the neighbouring country was not allowed.

In the current year, the country faced 40 per cent plunge in cotton production and if it was compared with 15 million bales in 2014-2015, then the drop was 50pc this year, he said.

Mr Bilwani said sea freights have already increased by 700 per cent amid corona virus pandemic and the goods now reached their foreign destination in 105 days instead of 25 days.

Mr Bilwani said if the government did not want to permit import of cotton yarn from India then it must impose a ban on export of cotton and cotton yarn for at least next six months.

Published in Dawn, April 2nd, 2021

Read also

UK will face ‘another Covid-19 wave this year,’ PM Johnson warns, says country will have to ‘learn to live with virus’

Liverpool skipper Jordan Henderson calls crisis meeting between Premier League captains to discuss European Super League

Tom Brady and Patrick Mahomes troll each other after MLB player pays off Super Bowl bet

News, articles, comments, with a minute-by-minute update, now on — latest news 24/7. You can add your news instantly now — here
News Every Day

Playtime Music for KIDS - THE BEST Songs for KIDS LooLoo KIDS Nursery Rhymes