
Polyester price hike has created resentment among textile exporters in Pakistan. The issue was raised during a meeting called by the All Pakistan Textile Mills Association (APTMA) held in Lahore recently.
The textile mills that use polyester fibre as a basic raw material opined that this unprecedented price hike in PSF would adversely impact the textile units in the country which is already under pressure due to decline in its exporting capacity.
The latest hike of more than 20 per cent has added to the woes of already struggling textile sector in Pakistan. Those unable to sustain price rise have decided to shut their operations for 10 days effective next week.
The yarn producers have urged the government to reduce import duties on the import of PSF from existing 7 percent to 2 percent as polyester prices have almost doubled in the last year.






