Pakistan Readymade Garments Manufactures and Exporters Association former chairman Bilal Mulla has urged the Cabinet Committee on Textile and Textile Industry Minister Rana Mohammad Farooq Saeed Khan to curb export of yarn with the intention to make it accessible in the domestic market for the value added textile industry.

Monthly export of yarn earlier to June 2009 was 48 million kg but later increased to 55 million kg in July 2009, 63 million kg in August, 56 million kg in September, 74 million kg in October, 60 million kg in the month of November and 62 million kg in December.

While talking to reporters, Mr. Mulla said, “Thirty per cent excess quantity has been shipped from July to December 2009 compared to 36 months prior to July 09.”

Further, he said, “National Assembly Standing Committee on Textile was leaning towards recommending a ban on export of yarn and the Standing Committee on Commerce was also recommending a ban on export.”

He also added that the Senate Standing Committee on Textile suggested quantitative curb of 25% of total population.

In global yarn exports, Pakistan share stood at 32%.

He said, “Pakistan is the only country which is exporting its raw material to its competitor nations,” said Mr. Mulla. However, China was converting its raw cotton into fine cotton year more than
32 single counts and was acquiring expected yarn below 32 single counts from Pakistan.

Further, Me. Mulla said, “Yarn export was registered with the TDAP at $1.92 per kg but when that 1kg yarn was converted into a value added product it earned $14 per kg.”