Pakistan APTMA Hopes That The Government Will Rationalize The Tariff On Polyester Staple Fiber

The All Pakistan Textile Manufacturers Association (APTMA) requires to rationalize the tariff on polyester staple fibers and reduce the price of yarn.

All Pakistan spin A spokesman for the factory association said on Wednesday: "We have asked the government to spin The industry saves reserves from a serious crisis, rationalizes tariffs on polyester staple fibers, and reduces yarn prices, so that our value-added sector can be more competitive in the international market. "

All Pakistan spin The factory association stated that the import and export of cotton was tax free, but many trade restrictions were imposed on polyester staple fiber. Thus, the proportion of synthetic fiber in total raw materials in Pakistan is only 18%, while that in the world is 60%.

The current tariff structure is seriously abnormal. There is no import tax on polyester staple blended yarn, but as a raw material, polyester staple needs to pay 4.5% punitive import tax. Pakistan is extremely short of polyester staple fiber. Dewan Salmant Fiber Company went bankrupt due to the group's overall financial problems, which led to a 38% shortage in the availability of local polyester staple fibers. As a result, the price gap between local polyester staple fiber and international polyester staple fiber has expanded sharply, resulting in the loss of 30% competitiveness of Pakistani products.