Recently, the government had slapped an anti-dumping duty on imports of Polyester Staple Fibre (PSF) from China. The textile mills of the country are up in arms against the decision taken by the National Tariff Commission.
The textile mills, under the banner of the All Pakistan Textile Mills Association (APTMA) have said that this decision will lead to a cartel among PSF producers in the country and will render the textile products uncompetitive in global markets.
They allege that the domestic PSF manufacturers have already hiked the prices by 10 percent and are delaying deliveries to the textile mills. They add by saying that the local PSF producers already are protected by a 4.5 percent import duty and 8.5 percent expenses incurred in importing the fibre.
Fibre2fashion News Desk - India
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