PYMA lauds ECC decision to import cotton, yarn from India

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Staff Reporter
Karachi

Hanif Lakhany, Vice FPCCI & Senior Vice Chairman Pakistan Yarn Merchants Association PYMA) and Vice Chairman Farhan Ashrafi & convener FPCCI’s Central Standing Committee on Yarn Trading, while warmly welcoming for ECC decision to allow import of cotton and cotton yarn from India, stated that PYMA had been urging the government to allow the import of cotton and cotton yarn from India, which is the basic raw materials of the textile industry and after this move, we thank government for giving importance to our demand.

In a statement, they said that due to cotton shortage and excessive price hike of cotton yarn in local markets, had significantly increased the production cost of textile industry and allied small & medium enterprises(SMEs), while non-availability of raw materials as per demand has also severely affected production activities.