Body Flays Taxes On Polyester Yarn Imports

- Jan 26, 2018 -

SIALKOT-The Pakistan Hosiery Manufacturers and Exporters Association (PHMEA) expressed concerns over increasing taxes on the import of polyester yarn as the industry produces polyester-made garments.
PHMEA Central Chairman Dr Khurram Anwar Khawaja said the government had recently imposed a 5 percent regulatory duty on the import of 
polyester yarn with an average 7% antidumping duty. The total duty and taxes including antidumping on polyester yarn regulatory duty, antidumping and other taxes account for 30% which make the polyester-based sportswear industry more expensive to compete with the international market, he added. 
He further said that sportswear industry of Sialkot was directly affected by these duties on the 
polyester yarn. 
He said that Sialkot is the fourth largest economic centre of the country and the second city earning valuable foreign exchange for the country regarding per capital income. Sialkot is also among the biggest manufacturers of the world, he said.
He said major local manufacturers only draw texturised yarn which is texturized (semi dull) and they don't manufacture 
polyester fully drawn yarn but the antidumping duty is also imposed on the FDY which is not locally manufactured and as per the antidumping law it cannot be imposed on the product that is not locally manufactured.
He demanded that government abolish all the duties and 
taxes imposed on thepolyester yarn so that the sportswear manufacturers and exporters could compete with the international market and earn foreign exchange for the country.