The textile industry of Pakistan gets PSF at 18.5 percent high price than its competitors. The difference constitutes 6.5 percent import duty, 8 percent sea freight and 4 percent import cost. Even if customs duty on PSF is made zero the differential of 12 percent will remain for the local PSF manufacturing industry to compete effectively.The spokesman further said that the textile industry is not allowed drawback against these cost differentials. With low usage of PSF, the industry cannot viably manufacture several lines of products based on MMF like ladies garments and children garments. APTMA has asked the government to enhance use of PSF in its bid to double textile exports in the next five years.Source: The Post.com
Date:6/5/2008
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