The initiation of anti-dumping investigation against alleged dumping of Hydrogen Peroxide (HP) in Pakistan feared to benefit a few parties and to increase the cost of production of the textile industry.

Mohammad Salam, former President of Pakistan Chemicals and Dyes Merchants Association said that local production of Hydrogen Peroxide have initaited antidumping application to maximize their profitability and to benefit exporters.

He said that if this duty is imposed , the cost of production will increase , with an increase in imports upto to 30%.

The local producers have already increase the prices of Hydrogen Peroxide up to 10%, resultantly, the prices stand at Rs 33/kilogram.

It is pertinent to mention that National Tariff Commission has issued a notice of initiation of Anti-dumping Investigation against alleged dumping of Hydrogen Peroxide into Pakistan originating in and/or from Belgium, China, Indonesia, South Korea, Taiwan, Thailand and Turkey.