Karachi, July 01, 2020: Textile Exporters are fearing that Government in FY2020-21 would not be a in a position to refunds of 17 percent sales tax to exporters as well as customs rebate, duty drawback as of today a huge amount of worth billions of rupees of exporters is still stuck up with the Government…
Karachi, June 09, 2020: The textile exporters have urged the Prime Minister to restore the “zero-rating on sales tax – “No Payment No Refund Regime” by revival of SRO 1125” for the export-oriented sector. The textile exporters said due to the withdrawal of zero-rating, the entire textile industry has suffered a severe setback, with approximately…
Karachi, June 02, 2020: Suleman Chawla, President, SITE Association of Industry has said that the value added textile export sector has reached to the verge of disaster due to severest ever liquidity crisis in the history of Pakistan caused due to imposition of 17 percent sales tax in last budget whereby liquidity worth billions of…
Karachi, May 19, 2020: As was generally expected in such a severe pandemic scenario with major trade hindrances and low global demand, textile exports severely suffered in Apr-2020, declining by 65 percent YoY to US$404 million. Sales for all major categories plummeted during the month, with the most severely hit being garments. Cumulatively, textile exports…
Downstream supply chain to resume operation Karachi, May 06, 2020: Mr. Zahid Mazhar, Chairman, APTMA Sindh-Balochistan Region demanded the Government of Sindh to allow the entire textile value chain to restart their production activity without any further delay otherwise the textile industry of the province would not survive and lead to total closure and massive…