Pakistan APTMA Hopes The Government Will Rationalize PET Staple Tariffs.

whole Pakistan The textile factories Association (APTMA) calls for rationalization of the duty of polyester staple fibers and the reduction of yarn prices.

A spokesman for the Pakistan textile factory Association said on Wednesday: "we have asked the government to save the textile industry from serious crises, rationalize the tariffs on polyester staple fibers and reduce yarn prices, so that our value-added sectors will be more competitive in the international market."

The Pakistan Textile Mills Association declared that the import and export of cotton is duty-free But many trade restrictions have been imposed on polyester staple fibers. As a result, synthetic fiber accounts for only 18% of total raw materials in Pakistan, compared with 60% in the world.

The current tariff structure is seriously abnormal, and polyester staple fiber blended yarn is zero import duty, but Polyester staple fiber As a raw material, it needs to pay 4.5% of the punitive import tax. Pakistan is extremely short of polyester staple fiber. Dewan Salmant fiber company closed down due to the overall financial problems of the group, resulting in a shortage of 38% of the available polyester staple fiber. As a result, the price gap between local polyester staple fiber and international polyester staple fiber has expanded rapidly, resulting in the loss of 30% competitiveness of Pakistan's products.