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Industry divided over cabinet's decision to continue ban on Indian imports


Industry divided over cabinet’s decision to continue ban on Indian imports
Business
April 2, 2021
KARACHI: Businessmen and traders have shown mixed response to the cabinet’s rejection to the government proposal of cotton and sugar imports from India.
Pakistan Yarn Merchants Association rejected the cabinet decision for not importing cotton from India.
The association representatives Hanif Lakhany and Farhan Ashrafi said the Economic Coordination Committee (ECC) of the cabinet allowed the import while the cabinet rejected it, which is not understandable.
The government should play serious role in economic issues, they said. The government should take efforts to provide raw material to the industry. If raw material is not available to the industry on economical rates, meeting the export orders would become difficult, they added. ....

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PM Imran Khan okays cross-border yarn import


PM Imran Khan okays cross-border yarn import
By
Prime Minister Imran Khan approves cross-border import of cotton yarn.
PM Khan expresses his concern about shortage and escalation of cotton yarn prices in country.
Media reports say government is considering import of cotton from India to meet demand.
ISLAMABAD: Amid fears of a shortage of industrial input in textile exports, Prime Minister Imran Khan has approved the cross-border import of cotton yarn,
Commerce Adviser Razak Dawood wrote on Twitter that PM Khan expressed his concern about the shortage and escalation of cotton yarn prices in the country during a meeting.
Dawood said the premier gave instructions to take necessary measures, including cross-border trade of cotton yarn, to keep the momentum of value-added exports. ....

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PM approves cross-border yarn import


Business
March 5, 2021
ISLAMABAD: Prime Minister Imran Khan nodded to cross-border import of cotton yarn as the shortage of industrial input is feared to stymie recovery in textile exports.
Commerce Adviser Razak Dawood said the Prime Minister showed his concern on shortage and escalating cotton yarn prices in the country during a meeting.
“[He] instructed to take necessary measures, including cross border trade of cotton yarn, to keep the momentum of value-added exports,” Dawood wrote on Twitter.
The government is considering import of cotton from India to meet the local demands, according to media reports.
Cotton production came down to 5.5 million bales from as much as 15 million bales recoded annually in previous years, causing unstoppable rise in its prices. ....

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