KARACHI: Asif Inam, chairman of All Pakistan Textile Mills Association (APTMA) Sindh-Balochistan Region, has expressed concern over the drastic decline in the price of fine counts of yarn by Rs10,000/bag in the Faisalabad yarn market, in anticipation of the permission to allow the import of cotton yarn from India through Wagah Border, a statement said on Friday.
The industry procured cotton at very high prices and they were not in a position to sustain these losses, he said, adding that around 90 percent of yarn produced in the country was available for the domestic market and there was no shortage of yarn in the country.
He urged the government not to allow the import of cotton yarn from India, as it had restricted the import of all Pakistani products.
This picture released on August 13, 2023, shows WAPDA House in Lahore. — Facebook/WAPDALAHORE: Water and Power...
This image released on April 18, 2024, shows the meeting on Kisan Card at the Sindh Secretariat. — Facebook/Jam...
Pakistan State Oil HQs can be seen in this picture. — PSO websiteKARACHI: Pakistan State Oil and Pakistan Railways ...
This representational image shows gold bars. — UnsplashKARACHI: Gold prices increased by Rs500 per tola on Friday in...
Representational image of a working oil pumpjack. — AFP/FileLONDON: Plentiful supplies of some of the biggest crude...
Prime Minister personally promises to ensure that our bureaucracy does not play tricks with them