Textile production suffers due to non-clearance of import consignments from China Raw material prices doubled in local markets – Zubair Motiwala Chemicals & dyes imports from China & other countries be allowed to save textile industry – Patron SITE Association Karachi, February 25, 2020: Zubair Motiwala, Patron of SITE Association of Industry, has in a…
Karachi, September 27, 2019: Dr. Amanulla Kassim Machiyara, Chairman (Elect) APTMA has urged the Government to immediately withdraw the Regulatory Duty @ 3 percent. Additional Custom Duty @ 2 percent and Sales Tax @ 5 percent levied on the import of raw cotton so as to enable the textile industry to meet its requirements and…
Karachi, July 12, 2019: Yousuf Yaqoob, Chairman, Pakistan Weaving Mills Association (PWMA) has criticized the imposition of 17 percent sales tax on domestic weaving industry. According to PWMA Chairman, the imports of yarn without payment of sales tax by the export-oriented units (EOUs) through Indemnity Bonds and DTRE for exports will jeopardize the existence of…
Islamabad, June 26, 2019: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Wednesday demanded from the government to announce first-ever “Industrial Amnesty” for the establishment of export-oriented industry without seeking the source of income to bring undeclared hidden assets in the documented economy besides boosting the volume of export. The decision to seek…