Concern shown over imposition of anti-dumping duties on the polyester filament yarn import.

KARACHI -- Sohail Nisar, the Senior Vice Chairman of the Pakistan Yarn Merchants Association (PYMA) and executive committee, have voiced their concerns about the imposition of antidumping duties on imported Polyester Filament Yarn (PFY) in Pakistan, emphasizing the intricate nature of the issue, says a Press release. He said at its core, the situation revolves around finding a delicate equilibrium between safeguarding the domestic industry and catering to the robust demand for PFY in the textile sector.

There is a risk of local producers attempting to monopolize the market, potentially leading to inflated textile prices and exacerbating inflationary challenges. In a statement, Sohail Nisar pointed out that the demand for PFY in Pakistan surpasses the local production capacity, reaching approximately 400,000 MT annually. To bridge this substantial supply-demand gap, imports become necessary, making it imperative to acknowledge this fundamental aspect of the market dynamics. "Despite prolonged anti-dumping investigations, the domestic industry

has struggled to substantiate its claims adequately. The National Tariff Commission imposed anti-dumping duties; however, appellate forums have twice deemed these duties unlawful. Moreover, the superior courts of Pakistan have consistently scrutinized the imposition of these duties, questioning their alignment with the trade remedy regime.

The industry's grievances...