PYMA issues SOS to save downstream textile industry

摘要

The Pakistan Yarn Merchants Association (PYMA) has appealed to the government to save the downstream textile industry as a turf war rages in the yarn sector. In a letter to finance minister Ishaq Dar, PYMA Central chairman Muhammad Usman pointed out that the local manufacturers of polyester filament yarn could only meet needs of 25 per cent of the downstream industry. Despite the fact that investigation into injury is currently underway by the National Tariff Commission (NTC) to review anti-dumping duty, local manufacturers are lobbying to impose regulatory duty.