Pakistan’s import of Central Asian cotton is blocked and textile companies are in tight cotton supply
It is reported that because Pakistan’s Ministry of National Food Safety prohibits the import of cotton from Central Asian countries through land transportation and can only import through customs clearance at Karachi Port, Pakistan’s textile industry is facing a raw material supply crisis, and more than 150 cotton transport trucks were forced to stay in Pakistan. and Afghanistan border.
Although the Pakistani government requested the Economic Cooperation Council to cancel cotton import tariffs from January 5, some influential domestic cotton growers deliberately imported cotton from Central Asia overland in order to raise cotton prices, leaving Central Asian cotton stranded. The supply of cotton is artificially tight due to the inability to transport goods from the border. Experts said that if the problem cannot be properly resolved, it will bring greater trouble to the operations of Pakistani textile companies.
Affected by rising oil prices and electricity bills in 2017, the operating costs of Pakistan’s textile industry increased significantly. Recently, more than 30 textile companies have been forced to suspend production. More than 100 factories in Pakistan have been forced to close in recent years. Pakistan’s import of Central Asian cotton is blocked and textile companies are in tight cotton supply
AAA
Disclaimer:
Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights and interests, please contact us and we will change or delete it as soon as possible.
AA
