APTMA urges cotton export to India be put on hold
The Dollar Business Bureau All Pakistan Textile Mills Association (APTMA) has asked its government to stop exporting cotton from Pakistan to India. The industry body is urging to protect the interests of Pakistan textile industry. Cotton exports to India without determination of the crop size for FY 2016-17 will hurt the textile industry in Pakistan, APTMA Chairman Tariq Saud said. The industry has already been burdened with 35% decrease in cotton crop production in the country during FY 2015-16. Due to this, it has been importing more than 4 million bales of cotton for its domestic consumption, he said. Cotton cultivation in Pakistan is expected to decline around 25% in FY 2016-17. This will ultimately result in low crop produce in the country. ...
Pakistan cries foul on import of Indian granite
The Dollar Business Bureau The members of All Pakistan Marble Mining Processing Industry and Exporters Association (APMMPIEA) were miffed with the import of the banned product from India, the granite. According to them, $4.5 million worth of granite was exported to India from July 2015 to March 2016, against $10 million worth marble that was imported from the country in the same time frame. This is mainly because of the negligence of Pakistan Customs. The Customs Valuation Law for finished granite is misrepresented under HC Code 6802.2300, under Appendix G of Import Policy Ordinance 2013. The Pakistan Customs Tariff (PCT) wasn’t followed properly by the officials. As the banned item is easily available in the market, the local marble industry is facing ...
