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APTMA chairman condemns cotton exports from Pak to India

The All Pakistan Textile Mills Association (APTMA) has strongly condemned media reports about Pakistan exporting cotton to India saying that it was the last nail on the coffin of the ailing textile industry in the country. In a statement, chairman APTMA, Tariq Saud said export of cotton from India in the absence of determination of crop size for the year 2016-17 is against the domestic textile industry. “The failure of local cotton crop in 2015-16 by about 35 per cent has already placed extra burden on the industry to import about 4 million bales of cotton to meet its consumption requirement,” he says.

He said cultivation of cotton this year is expected to decline by approximately 25 per cent which will ultimately decline the availability of cotton to the spinning industry. This will compel them to import cotton at 3 per cent custom duty at the import stage or otherwise exclude import of cotton from custom duty so that industry may remain competitive. Saud urged the government to provide level playing field and stop export of raw cotton till the determination of size of cotton crop for the next season or otherwise remove 3% custom duty on import of cotton.

 
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