Shortage Of Cotton Yarn Leads To Reduction Of Garment Textile Orders
According to the Pakistan business record July 4th, Pakistan high value-added textile forum coordinator, Vader? Bilwani (Jawed Bilwani) said in a recent interview that the shortage of cotton yarn affected the performance of the exporters and led to a gradual decline in foreign textile orders, resulting in a sharp decline in the share of the international textile market. He said that the sluice Limited electricity, high electricity charges and natural gas prices and many taxes caused the cost of Pakistan textile industry to be higher than that of neighboring countries, and seriously weakened its competitiveness.
Bill van Ni said that the high value-added textile sector creates a large amount of foreign exchange earnings per year and is the most employed sector in the country.
The government should strictly restrict the export of cotton and cotton yarn, and introduce China's 17% export tax rebate policy to the textile industry, and introduce incentive policies and measures to help it out of the current predicament.
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