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Related Keywords: announced billions of dollars packages for their industries, attract more investment, compete world market, comprehensive textile package, facilitate domestic industry, in absence of textile package, India competitor of Pakistan, Pakistani textile exporters, urged federal government

In the current situation, when India competitor of Pakistan have announce billions of dollars packages for their industries. Pakistani textile exporters, in absence of a textile package have urged the federal government for a comprehensive textile package to facilitate the domestic industry, attract more investment in the sector and also to compete in the world market, said Shabir Ahmed, Patron-in-chief Pakistan Bedwear Exporters Association.

Related Keywords: attract more investment, Bangladesh garment and textile markers, BGMEA, BKMEA, BTMA, cost of production increasing every year, Fiscal measures, higher export growth, market diversification, next fiscal year, reduce corporate tax for the garment sector, Textile and RMG sector, urged governement to reduce tax at source

The country’s garment and textile makers have urged the government to reduce tax at source to 0.3 percent for the next fiscal year from the proposed 1.5 percent to attract more investment as the cost of production is increasing every year.

Siddiqur Rahman, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), at a press meet at the BGMEA office in Dhaka said that if it is not possible, they have urged the government that source tax should remain at the exiting 0.6% for the sake of the growth of export oriented industries and creating more jobs.