Pakistani Traders Believe That The Most Favoured Nation Status In India Will Destroy The Textile Industry.
Pakistan's textile industry leader said that agreeing to give MFN status to India would destroy the value-added sector.
added value
Spin
The sector provides employment opportunities for millions of people and contributes more to the income of exporters than in the economy of any business sector.
Rising input
cost
Tax burden, industrial scale, infrastructure, rules and regulations,
Law
And the order situation and extortion increased the cost of doing business.
The chairman of the Pakistan knitwear manufactures and Exporters Association (PHMEA), Mohamed mousage, the chairman of the Pakistan clothing forum, Mohamed jabby bwany, and Barry, President of the Pakistan towel manufacturers association, made the complaint during a meeting with Morteza, chief executive of Pakistan economic observer.
The leader of Pakistan textile industry said: "our products are restricted, export is shrinking, we are far away from the unfavorable situation of the economic scale, and we need the support of the government.
At present, our country is not exporting products that can produce additional value. More second-hand raw materials such as cotton and yarn are exported.
All the others have followed the good practice, giving the exporter a paste. India allowed only export of the remaining cotton, which ensured the stability of the added value department.
Pakistan should also take such a guarantee policy, and the leaders of the Pakistan textile industry demand.
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