“Internationally cotton is now 30% of the total fiber consumption and manmade fiber and filament is now at 70%, while the situation domestically is quite opposite” said Adviser to the Prime Minister on Commerce, Textile, Industries & Production and Investment Abdul Razak Dawood. Advisor held two separate meetings today in Textile Division on improved utilization of manmade fiber and filament in the Textiles Value Chain. The meetings were attended by the Secretaries of Textile and Commerce Divisions and Chairman National Tariff Commission. The meetings were also attended by the entire manmade chain starting from the producer to user from across Pakistan, especially Ibrahim Fiber, ICI Fiber, Rupali, Gatron, Lotte PTA plant, All Pakistan Textile Mills Association, All Pakistan Cotton Power loom Association, Pakistan Silk and Rayon Mills Association and Pakistan Yarn Merchant Association. The issues pertaining to the PTA-PSF-PFY were discussed including, tariff, regulatory duties, anti-dumping duties, additional custom duties, smuggling and how to simplify the temporary importation schemes for the purpose of exports. The recommendations from the associations were also discussed and it was decided working level meeting would be held to devise mechanism to simplify the importation schemes for SMEs. The Advisor said that we would make raw material available for the industry and would also give a fair protection to the domestic industry to attract further investment. The filament manufactures group assured that in coming days they will invest $ 125 million to upgrade their existing capacity. ***** ?
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