According to Pakistan’s “Business Record” report, officials from the Pakistan Ministry of Textiles recently revealed to the media that despite repeated pressure from the high value-added textile sector, the federal government still decided not to implement a ban or regulatory tax policy on cotton yarn exports.
The official said that the government made the above decision mainly due to the recent measures taken to register cotton yarn exports, which have achieved initial results, and domestic cotton yarn prices have gradually stabilized. In addition, the export volume of cotton yarn since 2009 has not exceeded the previous year, and there is still a lot of room.
The official said that if cotton yarn exports surge in the future, the government may impose total export volume restrictions in the last two quarters of this fiscal year to ensure that it does not exceed the previous year’s level and avoid causing damage to the country’s exports of high value-added textile products. adverse effects.
