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Wake up Pak

Wake up Pak

(50k+ posts) بابائے فورم
KARACHI:
The All Pakistan Textile Mills Association (Aptma) has called on the government to create a level playing field for local raw material and intermediate input supplies for export goods manufacturing vis-a-vis imports as the lack of action on removing the Export Facilitation Scheme (EFS) anomaly has pushed the spinning industry to the verge of collapse.

"It is only a matter of time before the entire textile value chain is wiped out," Aptma Chairman Kamran Arshad warned. Over 100 spinning mills, representing nearly 40% of the total production capacity, have already shut down, while the rest are barely operational, running at less than 50% capacity. The situation was deteriorating at an alarming pace, with yarn imports surging to an unprecedented 32 million kg in January 2025, he said.



At this rate, yarn imports for FY25 are expected to triple compared to FY24, effectively wiping out the domestic industry. The consequences would not remain confined to spinning alone; the entire textile value chain "is now at risk as weaving and further downstream sectors are already experiencing similar distress," the Aptma chairman said.
tribune.com.pk

40% spinning mills shut down over EFS anomaly | The Express Tribune

APTMA warns of industry's collapse as yarn imports surge to 32m kg
tribune.com.pk tribune.com.pk
 
Wake up Pak

Wake up Pak

(50k+ posts) بابائے فورم
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