| GEO Business|
| Thread prices down by 10pc|
| Updated at: 1300 PST, Sunday, May 23, 2010|
FAISALABAD: The artificial raise in the thread prices began to dilute along with its enhanced availability at the national market following the promulgation of regulatory duty on thread export, Geo News reported Sunday.
The government imposed 15 percent duty on thread export after the protests by value-added textile sector.
According to Faisalabad yarn market sources, the promulgation of duty on thread export has caused to improve its availability and dealt a blow to the hoarders.
The sources said the thread prices came down ten percent and also further slash is expected.