Regulatory duty issue: APTMA denies approaching ministry of commerce

To save the export-oriented textile industry, Saud demanded the government increase the duty to 20%


Our Correspondent February 26, 2016

KARACHI:


All Pakistan Textile Mills Association (APTMA) Chairman Tariq Saud has said that his association did not approach the ministry of commerce to remove 10% regulatory duty (RD) on the import of fine counts of cotton yarn from India.


He said that after the imposition of regulatory duty imports had in fact increased, making Pakistan the fourth largest importer of Indian yarn after China, Bangladesh and Turkey. He further added that the National Tariff Commission had also accepted the fact that Indian yarn has damaged the domestic industry.


“The fine counts of cotton yarn are mostly used in domestic consumption and their made-ups are not exported,” said Saud.


 To save the export-oriented textile industry, Saud demanded the government increase the duty to 20%.

Published in The Express Tribune, February 26th, 2016.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ