PRGMEA in favour of abolishing duties on cotton yarn

The association has welcomed the commitment of Prime Minister Shahid Khaqan Abbasi to abolish all duties

LAHORE: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has welcomed the commitment of Prime Minister Shahid Khaqan Abbasi to abolish all duties on cotton yarn import to encourage value addition. They expressed hope that the decision will be implemented at the earliest to provide a level-playing field to the value-added textile sector. “The prime minister, in a recent meeting with PRGMEA, has assured us to pass directives to the Textile Division of the commerce ministry to move a summary to the Economic Coordination Committee for the removal of all duties and taxes on import of cotton yarn,” said PRGMEA Chief Coordinator Ijaz Khokhar in a statement issued on Tuesday. He expressed hope that the premier will fulfil his promise of addressing issues facing the apparel sector on a priority basis. The PRGMEA had requested the PM during his visit to the Sialkot Chamber of Commerce and Industry to abolish all duties on cotton yarn import to reduce cost of doing business and bridge the gap between production and consumption.  

Published in The Express Tribune, January 10^th, 2018.

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