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Home Business & Stock

Indian yarn finds its way into Pakistan despite ban

MM News Staff by MM News Staff
December 12, 2023
Reading Time: 1 min read

ISLAMABAD: India’s yarn is being smuggled into Pakistan in defiance of a trade embargo, thanks to the United Arab Emirates (UAE), Malaysia, Indonesia, and Thailand.

According to sources, the director of headquarters Customs Intelligence and Investigation (I&I) Islamabad received a letter from the Directorate of Customs Intelligence and Investigation (I&I) Karachi asking them to disseminate information to all field formations. The goal of the regulation is to guarantee that yarn originating from Thailand, Malaysia, Indonesia, and Dubai is properly investigated.

The Directorate of Customs I&I Karachi possesses reliable information, according to the sources, indicating that Indian yarn continues to enter Pakistan through Dubai, Malaysia, Indonesia, and Thailand.

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According to the sources, consignments of yarn that originate in India are delivered to Pakistan along with their labels, packaging, and containers. Since 2019–20, yarn imports from these nations have increased significantly.

In 2019-20, Pakistan imported 141 metric tons (MT) of yarn worth Rs69 million from the UAE, followed by 666 MT worth Rs231 million in 2020-21, 1018 MT worth Rs355 million in 2021-22, and 890 MT worth Rs319 million in 2022-23.

Similarly, Pakistan imported 10,608 MT of yarn worth Rs2.1 billion from Malaysia in 2019-20, 15,149 MT worth Rs2.5 billion in 2020-21, 18,154 MT worth Rs4.5 billion in 2021-22, and 19,266 MT worth Rs5.9 billion in 2022-23.

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