Export of cotton yarn cut to 35m kgs per month
ISLAMABAD: The Ministry of Commerce has amended its earlier notification of banning cotton yarn export by restricting the quantity from 50 to 35 million kgs per month for all types of commodity for the next four months, said a notification on Wednesday.
Egytex News Desk
Source: The International News
The notification further stated that it will be effective from March 1 to June 30, 2010 and the already exempted yarn products like lycra, dyed, heather grey or mÈlange, slub or bleached or singed have also been deleted from the previous notification of Jan 14.
The ministry in its earlier notification of Jan 14, 2010 had fixed a monthly ceiling of 50 million kg per month with immediate effect till June 30, 2010.
The value-added yarn fetching a price more than or equal to $3.5 per kg will also be allowed over and above the quota only to those units which are registered with the ministry of textile industry as value-added exporters and within limits of their assessed capacities as determined by the Ministry of Textile, it said. The export should be monitored by customs on actual shipments and first-come-first-served basis and registration with Trade Development Authority of Pakistan (TDAP) should be dispensed with, it concluded.
Source: The International News
From the Egytex news archive, first published on 4 March 2010. Figures and names are as reported at the time.
