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Related Keywords: businessmen, cotton, displayed products, entire textile chain, exporters and citizen attended, international brands, large number of industrialists, organized three day International Textile Asia Exhibition, Pakistan Readymade Garments Manufacturers and Exporters Association, PRGMEA, value addition, various countries, yarn and gray fabric

The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has organized a three day ‘International Textile Asia Exhibition’ where more than 350 international brands from around 29 countries have displayed their products at more than 500 stalls at the Expo Centre. A large number of industrialists, businessmen, exporters and citizens attended the event on the first day.

Related Keywords: brought down from eighteen to five percent, duly addressed by Finance Minister Arun Jaitley, during a press conference, entire textile chain, GST Council, GST on the job work, job work implies, manufacturer sending goods, out of the factory, Smriti Irani, specialized processing job, Union Textile Minister, without having to pay taxes

Union Textile Minister Smriti Irani responding to a question during a press conference today said that 'GST on the job work has been brought down from 18 to five per cent.

It has been duly addressed by Finance Minister Arun Jaitley and the GST Council.

The concern of the textile industry has been addressed by reducing GST rates on job work of textile yarn and fabric manufacturing from 18 to 5 percent and this has been done for the entire textile chain.

Related Keywords: absence of liquidity flow, APTMA, decrease in textile exports, entire textile chain, Gas Infrastructure Development Cess, high cost of doing business, indicate decrease in foreign exchange earning of the country, market share, textile industry already burdened, to regain competitive edge, urge government to completely remove GIDC

All Pakistan Textile Mills Association (APTMA) has urged the government to completely remove the Gas Infrastructure Development Cess (GIDC) from the entire textile chain to enable it to regain its competitive edge and market share.

Tariq Saud Chairman APTMA in view of declining oil prices and natural gas prices in the international market there is no justification for imposition of GIDC on textile industry which is already burdened and has become uncompetitive vis-à-vis to their regional competitors in the absence of liquidity flow and high cost of doing business.

Related Keywords: APTMA, ban imported yarn and fabrics, call conference of stakeholders, delay in textile bailout package, entire textile chain, evove joint protest strategy, government fail to address non viability, including value added sector, power tariff, restore competitiveness, textile chain was ready for closure

All Pakistan Textile Mills Association (Aptma) to call a conference of stakeholders of the entire textile chain, including value-added sector, this month to evolve a joint protest strategy after having received in writing from hundred textile mills of Punjab to close their units if the federal government fails to address non-viability of the industry and restore its competitiveness.