Pakistan’s textile industry upset as govt. rejects cotton import proposal from India
The Hindu
The step would send a negative message to foreign buyers as cotton yarn was not available in the country, stakeholders say, adding that prices of cotton yarn have increased after the decision.
Pakistan’s struggling textile industry has voiced its disappointment after the Imran Khan government to import cotton from India, the world's biggest producer, saying it is the need of the hour to avoid a massive export decline, a media report said on Friday. The federal Cabinet headed by Prime Minister Khan on Thursday rejected the proposal of a high-powered committee to , with Foreign Minister Shah Mahmood Qureshi asserting that there can be no normalisation of ties until New Delhi reverses its decision to revoke the special status of Jammu and Kashmir. The Cabinet’s decision has disappointed the textile export industry, the Dawn newspaper quoted Pakistan Apparel Forum chairman Jawed Bilwani as saying.
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