Sri Lanka mulls collaboration with Pakistan for yarn

The Consul General of Sri Lanka in Karachi Jagath Abeywarna met with the newly elected Senior Vice-Chairman Sohail Nisar and the members of the Pakistan Yarn Merchants Association on 2 November, at its head office in Karachi to promote collaboration between the two countries in the field of yarn materials.

The Pakistan Yarn Merchants Association was established in 1960 and has interests in yarn of all grades including cotton and mercerised yarn, silk and rayon yarn, woollen yarn, staple fibre yarn and all other synthetic yarns. The Association has in its fold over 600 leading yarn companies in the country.

Sri Lanka exported around $ 34 million yarn materials in 2021 to the world including $ 0.7 million to Pakistan while it imported $ 525 million worth of yarn from the world including $ 22 million of yarn from Pakistan in the same year.

The Senior Vice-Chairman and the members showed their interest in collaborations with the Sri Lanka private sector companies and as a first step, the Association agreed to have a webinar with the Sri Lankan companies in the near future.