Karachi, March 12, 2021: The Stop Legal Trade (SIT), an advisory forum for the prevention of illicit trade in the country, has urged the FBR and relevant government agencies to accelerate the efforts of curbing illicit trade so that the financial capacity of the government can be enhanced. In a statement, the SIT spokesperson lauded…
Karachi, March 03, 2021: Hanif Lakhany, Senior Vice Chairman Pakistan Yarn Merchants Association(PYMA) and Vice Chairman Farhan Ashrafi, has expressed deep concern over the unavailability of cotton yarn and the price reaching an all-time high, asked the government to immediately allow duty-free import of yarn & cotton from other countries, including India to save the textile…
Karachi, February 09, 2021: “The Government, through Presidential Ordinance, must abolish all duties and taxes and allow duty free import of Cotton yarn which is the raw material of value-added textile sector in order to sustain and achieve milestone in enhancement of exports. Government should also place ban on export of cotton yarn of 30…
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…
Integrated reporting has been identified as a key method to help firms tackle future risks they face such as those posed by the Covid-19 pandemic Karachi, June 02, 2020: The Association of Chartered Certified Accountants’ (ACCA) latest report Insights into Integrated Reporting 4.0, covers 48 companies – each are members of the International Integrated Reporting…