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…
Karachi, May 29, 2019: Pakistan Weaving Mills Association’s Chairman, Yousuf Yaqoob has expressed his dismay over the spike in SBP Policy Rate from 6.0 percent to 12.25 percent by 150bps since January 2018 when the State Bank began raising interest rates, it has more than doubled, making this one of the sharpest cycles of monetary…
Karachi, May 14, 2019: Pakistan Weaving Mills Association’s Chairman, Yousuf Yaqoob has condemned the disparity in natural gas sale pricing between the Sindh and Punjab provinces. While demanding a uniform gas tariff for the zero-rated textile sector across the country, Yousuf Yaqoob stated that gas supply to the exporters of zero-rated textile sector in Punjab…