Pakistan Value-Added Textile Sector Actively Respond To Yarn Crisis

Pakistan appreciation

Early warning, there will be a yarn crisis in the whole country. They call on the government to set up a about 4000000 package of cotton buffer stock.

increment

Exporters and producers were rather disappointed with the 2012-13 budget, because the government did not meet the financial needs of the textile industry.

Johal, vice president of Pakistan garment garment manufacturers and Exporters Association (PRGMEA), said: Pakistan, Ijaz

It was hit hard by the natural gas and electricity crisis.

Pakistan cotton industry

He pointed out that the price of cotton in the international market is 68 cents / pound, while the price of cotton in Pakistan is about 1 dollars per pound. Such a high price is not feasible for high value-added textile production enterprises.

He said that this month's new cotton inventory is expected to enter the market, which is also necessary. Millions of cotton bags have been cleared and need to be put on the market immediately, so as to fully meet the needs of the domestic garment industry.

In its budget proposals, the high value-added sector called on the government to establish about 4000000 bales of cotton buffer stocks to ensure that they buy enough cotton at reasonable prices in the domestic market.

However, it is disappointing that the government has not included their proposals in the budget.

Mr. Johal said that Pakistan is facing difficulties, such as severe electricity and gas crises, including cotton and cotton yarn, which have a negative impact on the textile manufacturing industry.

At the same time, some manufacturers have stopped accepting new orders, mainly Christmas and New Year season orders, because they are still working hard to complete overdue overseas orders.