The Pakistan Hosiery Manufacturers Association (PHMA) has disclosed that some of its members are exporting a large number of European brands knitting machines to China due to rising cost of inputs.

The Association has brought it to the notice of Ministries of Commerce and Textile Industry in a letter addressed to their Secretaries. The PHMA pointed out that it had learnt that around 150 world renowned brands of knitting machines from Germany had been exported to China after their owners failed to run their units owing to rapidly rising cost of utilities — gas, electricity, water, etc.

The Association further said that Chinese importers were welcoming such imports, as these high-tech machines were not available in China owing to special metallurgy involved. It said the Chinese were further modifying these machines electronically.
The PHAM feared the country would suffer huge losses by such move and warned that many more such cases would crop up with each passing day, as more knitting units having a large number of machinery, including circular knitting and stitching machines, dyeing and processing machines, would be closed down.