The All Pakistan Textile Mills Association (APTMA) has rejected the textile package extended by the previous government, saying that would reverse the 15 per cent exports growth. Though the previous government had assured that rebate would be offered on indigenous materials, the extended package offers that benefit on Indian products as well, said APTMA.The association criticised reduction in rebate and exclusion of yarn and fabric from the list, according to Pakistani media reports.
It also rejected the imposition of 11 per cent duty on import of cotton from July 15 as domestic cotton production in the coming season is expected to be less than 10 million bales and the industry has to import more than five million bales to make for the shortage. (DS)
The All Pakistan Textile Mills Association (APTMA) has rejected the textile package extended by the previous government, saying that would reverse the 15 per cent exports growth. Though the previous government had assured that rebate would be offered on indigenous materials, the extended package offers that benefit on Indian products as well, said APTMA.#
ALCHEMPro News Desk – India
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