KARACHI: The All Pakistan Textile Mills Association (Aptma) on Tuesday urged the government to withdraw 11 per cent duties and taxes on cotton imports.

Addressing a press conference, Aptma chairman Dr Amandullah Kassim Machiyara said the textile industry would collapse if the government does not withdraw duties and taxes on cotton imports.

“It is now clear that cotton crop would be short and industry’s demand will have to be met through imports. Imposing duty and taxes on raw material (cotton) would only result in damaging exports,” Dr Machiyara added.

The Aptma chairman regretted that the government has initially fixed cotton production at very high level of 15 million bales which was ‘impossible to achieve’.

The Cotton Crop Assessment Com­mittee (CCAC) twice revised cotton production figures – first to 12m bales and later to 10.2m bales. According to unofficial estimates, the production would not be more than 9m bales.

Since the textile industry would importing around 5m bales to meet the shortfall, the removal of 3pc customs duty, 2pc additional customs duty, 5pc sales tax and 1pc income tax has become necessary, he said.

In the past, textile industry used to import cotton from India with nominal cost of freight due to close proximity, he recalled. “Now cotton imports will be from far off countries like United States, Brazil, etc which will lead to higher freight costs, thereby burdening the industry,” he lamented.

Responding to a question, he said, import of 5m bales would cost the country up to $1.5 billion therefore measure should be taken that such failures do not take place in future.

The Aptma chairman said it was the responsibility of the government department to evolve and develop new varieties of cotton seeds which should be of high yield and also pest resistance.

Published in Dawn, October 9th, 2019

Opinion

Editorial

Police Lines bombing
Updated 31 Jan, 2023

Police Lines bombing

Where the menace of terrorism is concerned, the government and opposition need to close ranks and put up a united front.
Oil price hike
31 Jan, 2023

Oil price hike

THE record single-day increase in petrol prices, preceded by massive currency depreciation, signifies the ...
Babar Azam’s award
31 Jan, 2023

Babar Azam’s award

BABAR Azam might not have lifted many trophies as Pakistan’s all-format captain in the last year but the star...
Blatant Islamophobia
Updated 30 Jan, 2023

Blatant Islamophobia

Muslim extremists and terrorist outfits are emboldened by hateful acts.
Modern slavery
30 Jan, 2023

Modern slavery

MODERN slavery is a wide-ranging term that can encompass a multitude of scenarios. Common to all of them, however, ...
Remarkable Sania
30 Jan, 2023

Remarkable Sania

BRINGING to a close a career in which she smashed stereotypes, Sania Mirza delivered almost the perfect ending in ...