PYMA urges govt to resolve issues of duties on yarn, fibre


Pakistan Yarn Merchants Association (PYMA) has demanded that duty structure be changed as announced in the budget document so that industries could create vast employment opportunities.

PYMA Senior Vice Chairman and Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Vice President Hanif Lakhany and Vice Chairman PYMA and Convener FPCCI Yarn Standing Committee Farhan Ashrafi demanded this while addressing the 1st meeting of the FPCCI Standing Committee on Yarns.

They said that 2 percent customs duty on filament yarn, 2 percent additional customs duty reduction and abolition of 2.5 percent regulatory duty were announced in the budget speech, but unfortunately. —TLTP

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