‘Yarn import ban considered’

Published: April 10, 2014
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Gas supply to the textile sector would increase and more relief will be available to textile the industry. PHOTO: FILE

Gas supply to the textile sector would increase and more relief will be available to textile the industry. PHOTO: FILE

FAISALABAD: The government is actively considering imposing duty on yarn import from India. However, the final decision will be taken after consulting all stakeholders and keeping in view the national interests, said Federal Minister for Textile Industry Abbas Khan Afridi while addressing members of the Faisalabad Chamber of Commerce and Industry (FCCI).

“We should stop holding our predecessors responsible and work to take the country towards progress and prosperity,” he said. Afridi further said that the country’s economy was directly linked with the textile industry.

“Pakistan will move ahead if the textile industry will grow and make progress, and we have decided to start a new journey for the welfare and betterment of Pakistan.”

He said that gas supply to the textile sector is being increased and more relief will be available to textile sector.

“We are living in the free trade regime and there is no possibility of clamping ban on import of yarn from India. However, within the available options we could take the necessary steps to safeguard our national interest,” he said in response to a question.

Minister assured that no industry was shifted outside Pakistan. However, some industrialists started their businesses outside Pakistan without closing their units in the country.

Published in The Express Tribune, April 10th, 2014.

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