PYMA Archives - Pkrevenue.com

PYMA decries ‘black laws’, slams FBR’s expanding authority

July 2, 2025July 2, 2025Shahnawaz Akhter

Karachi, July 2, 2025 – In a bold and fiery stance, the Pakistan Yarn Merchants Association (PYMA) has launched a sharp offensive against what it calls the “excessive and draconian authority” granted to the Federal Board of Revenue (FBR) under the newly passed Finance Act, 2025.

PYMA urges remove of yarn duty anomalies in Budget 2025-26

June 22, 2025June 22, 2025Shahnawaz Akhter

Karachi, June 22, 2025 – The Pakistan Yarn Merchants Association (PYMA) has called on the federal government to urgently address anomalies in the duty structure on yarn as outlined in the Budget 2025-26.

PYMA, NTC Discuss Challenges Facing the Textile Sector

February 27, 2025February 27, 2025Shahnawaz Akhter

Karachi, February 27, 2025 – A high-level delegation from the National Tariff Commission (NTC), led by Chairman Naeem Anwer, visited the Pakistan Yarn Merchants Association (PYMA) to engage in in-depth discussions regarding the pressing challenges facing the textile sector.

PYMA Demands Abolishing Regulatory Duty on Yarn

July 29, 2024July 29, 2024Shahnawaz Akhter

KARACHI, July 29, 2024 – Sohail Nisar, Senior Vice Chairman of the Pakistan Yarn Merchants Association (PYMA), alongside Vice Chairman Jaweed Khanani and members of the Executive Committee, has expressed deep concern regarding the imposition of regulatory duty (RD) on polyester yarn under HS Codes 5402.3300, 5402.4700, and 5402.4600.

PYMA Warns of Industry Collapse Amid Skyrocketing IPP Charges

July 22, 2024July 22, 2024Shahnawaz Akhter

Karachi, July 22, 2024 – The Pakistan Yarn Merchants Association (PYMA) on Monday voiced serious concerns over the high payments of capacity charges to Independent Power Producers (IPPs), warning that these could lead to an industry shutdown.

Merchants Voice Concerns Over Anti-Dumping Duty on Polyester Yarn

October 24, 2023October 24, 2023Shahnawaz Akhter

Karachi: The Pakistan Yarn Merchants Association (PYMA) has raised concerns over the imposition of an anti-dumping duty on the import of polyester filament yarn (PFY).

Yarn Merchants Appeal Reduction in Electricity Tariff to Save Industry

August 30, 2023August 30, 2023Faisal Shahnawaz

Karachi, August 30, 2023 – The Pakistan Yarn Merchants Association (PYMA) has issued a compelling appeal to the government, calling for a significant reduction in electricity tariffs to safeguard the nation’s struggling industrial sector.

Yarn Merchants Stress Political Stability for Economic Growth

July 13, 2023July 13, 2023Faisal Shahnawaz

Qaisar Shams Ghucha, Chairman of the Pakistan Yarn Merchants Association (PYMA), has underscored the significance of political stability in driving economic growth.

Political conflict threatens Pakistan’s economy: PYMA

May 19, 2023May 19, 2023Faisal Shahnawaz

The Pakistan Yarn Merchants Association (PYMA) has voiced its apprehensions regarding the increasingly unstable political landscape in the country. PYMA has warned that the ongoing political conflicts pose a serious threat to Pakistan’s economy and global standing.

Yarn merchants term policy rate hike as disastrous

March 3, 2023March 3, 2023Hamza Shahnawaz

KARACHI: Pakistan Yarn Merchants Association (PYMA) on Thursday termed the significant three per cent hike in policy rate to 20 per cent as disastrous for industries, especially the SMEs.

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