• Tuesday, August 4, 2020

1,038 tonnes of Indian cotton yarn reaches Pakistan via Oman

Discussion in 'Pakistan Economy' started by maithil, Jan 14, 2020.

  1. maithil

    maithil FULL MEMBER

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    Despite Pakistan’s decision to ban bilateral trade ties with India on August 10 last year, around 1,038 tonnes of Indian cotton yarn reached Pakistan via Oman till December as imports from Oman.

    According to figures available with this scribe, India exported 1,417 tonnes of cotton yarn to Oman by November 2019, of which 1,038 tonnes of yarn reached Pakistan as “imports from Oman”. India’s export of cotton yarn to Oman remained at a negligible 0.77 tonnes during FY18-19.

    Soon after the cabinet meeting, the commerce ministry issued two notifications for the implementation of the decision. As per notification SRO928 of 2019, all kinds of exports to India had been suspended through amendments in the Export Policy Order 2016.

    https://profit.pakistantoday.com.pk...pkvbR1bXAcKjeVsqpXLuzv2l#.Xh2neRtNEuB.twitter
     
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  2. Raj-Hindustani

    Raj-Hindustani FULL MEMBER

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    Does mean - Oman is getting benefits after all Ban drama?
     
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  3. hussain0216

    hussain0216 ELITE MEMBER

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    Ban it

    Find ways over time to ensure that trade with India is simply destroyed and ended

    These loopholes need to be closed quick
     
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  4. Rusty

    Rusty ELITE MEMBER

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    importers who are bringing this in need to be charged with treason and customs officials who let it slide need to be fired.
     
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  5. hussain0216

    hussain0216 ELITE MEMBER

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    It's being counted as a omani import

    We need to crack down on these loopholes
     
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  6. Path-Finder

    Path-Finder ELITE MEMBER

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    wtf!
     
  7. Nasr

    Nasr FULL MEMBER

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    Report, ensure all indian raw material, movies, finished goods, music and everything under the sun is banned permanently. Whether through oman, or britain or anywhere else.
     
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  8. Valar.

    Valar. SENIOR MEMBER

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    Why are we importing cotton when we are cotton producing and exporting country?
     
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  9. maithil

    maithil FULL MEMBER

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    All businessmen importing this cotton should be declared the enemy of state and prosecuted under article 6. This cotton should be dumped and those importers should be made to pay the cost for the same.
     
  10. T|/|T

    T|/|T SENIOR MEMBER

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    Well this will happen when we have an incompetent and dumb person as our PM.
     
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  11. bafxet

    bafxet FULL MEMBER

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    This is one side. Now look at it from another angle. It would be at the expense of Indian cotton that our textile industry will stay afloat export and earn for Fx for Pakistan.

    Pakistan textile industry is in dire problems. 1/3 of the cotton crop has been destroyed, because of gross negligence of Ministry of Agriculture. Textile is back of our economy 55% of our exports revenue comes from it. It would be a nasty blow for our economy if we lose it . We don't have enough local cotton available which should keep our Mills running. Therefore it is utterly important to feed these mills with the raw material. Routing Indian cotton through Oman would have some extra cost if it had come from Atari, but never mind it will keep our Mills running
     
    Last edited: Jan 14, 2020
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  12. Pakistan Space Agency

    Pakistan Space Agency SENIOR MEMBER

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    PM Imran Khan now doing silent u-turns. Sad.
     
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  13. newb3e

    newb3e ELITE MEMBER

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    we havnt worked on cotton development for years now the seeds we use are not pest resistant and yields are not profitable for farmers so not many farmers are interested in doing cotton! our textile industry and govt is fked up they havnt done anything for farmers and one more reason for importing is our cotton was known for thicker yarn not for fine yarns
     
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  14. Alternatiiv

    Alternatiiv SENIOR MEMBER

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    Medicine?

    The bearers of the consequences would be public for expensive imports, not you. So think a bit.
     
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  15. third eye

    third eye ELITE MEMBER

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    Finally it’s the Politician & the Business men who always win and have the last laugh