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Related Keywords: APTMA, demand for fix a uniform rate, enhance revenue in national interest, FBR, Federation of Pakistan Chambers of Commerce and Industry, five percent import duty on all kinds of dyes, Pakistan Dyes Manufacturers Association, Pakistan Textiles Processing Mills Association, remove anomalies from budget, threat to textile industry and exports

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) standing committee on industrial promotion and facilitation chairman Abdul Shakoor Khatri, members of All Pakistan Textiles Processing Mills Association and Pakistan Dyes Manufacturers Association have asked the government to fix a uniform rate of 5 percent import duty on all kinds of dyes.

Related Keywords: customs rebate, drawback on local taxes and levies, export oriented sectors, FBR, government to grant zero rating status, huge liquidity outstanding, PAF, Pakistan textile industry, RPOs, sales tax refund, value added garment sector

The Pakistan textile industry has been facing troubles due to huge liquidity outstanding in sales tax refund, customs rebate and drawback on local taxes and levies claims. In the wake of this downslide the value-added garment sector expect the Government to grant zero-rating status to five export-oriented sectors to boost the country’s exports.

Related Keywords: as various statutory rates of import duty, budget proposal, Commercial importers, FBR, import of woven cotton fabric, importers to get items cleared under miniumum duty slab, industrial consumers, Pakistan Customs Appraisement South, proposed regulatory duty on importable goods, rationalize duty structure, Sales tax, under FTA

The Pakistan Customs Appraisement South, in its budget proposals for 2016/17 proposed that regulatory duty be enhanced on a number of importable goods as various statutory rates of import duty, under the FTA (free trade agreement) regime provide opportunity to the importers to get items cleared under the minimum duty slab.

Related Keywords: attract new investment, entire refund verification, FBR, in zero rating facility, include export oriented, liquidity crunch, Pakistan Readymade Garment Manufacturers and Exporters Association, PRGMEA, revive economic growth, sanctioning process, streamline, value added textile industry

The Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) in order to attract new investment, revive economic growth and get rid of liquidity crunch has urged for zero rating facility be given to export-oriented, value-added textile industry.

Prgmea Chairman Ijaz Khokhar in a statement on Saturday said that ‘No Tax, No Refund’ formula should be applied to value-added textile chain by including it in zero-rated regime as it is generating more employment and more revenue from other textile chain.

Related Keywords: blended polyester, cotton, export of textile products, FBR, FOB value on export, Global textile market, notifed new DBK, Pakistan textile export, woven fabric, woven garment

Pakistan eyeing bigger share of global textile market, the Federal Board of Revenue (FBR) has notified new rates of duty drawback on export of textile and allied products. According to notification (SRO754 of 2014) issued on Tuesday, the new rates will be effective from Aug 21.

The FBR has also issued another notification to allow new rates of duty drawback to exporters retrospectively from Jan 1 as well.
In the current budget, the Pakistan government announced textile package to be effective from July 1 to provide relief for the textile exporters.

Related Keywords: FBR, garment export, GSP Plus scheme, liquidity crunch, Pakistan exporter, Pakistan garment sector, refund claims

Pakistan garment sector that exports more than 80 per cent of their merchandise, are facing liquidity crunch due to its huge capital stuck-up by the FBR. Although the FBR’s software system of RCPS is very excellent which completes refund process system within one month but finance ministry’s undue interference causes blockage of refund claims to the exporters, as presently more than 80 per cent textile exporters refund of over Rs10 billion is stuck by the FBR.
 

Related Keywords: FBR, Garments Exporters Association, Pakistan Readymade Garments Manufacturer, Pakistan textile sector, zero rating regime

Pakistan textile sector demanding restoration of the zero-rating regime, the decision to withdraw zero-rating has adversely affected exports at a time when huge amount of Sales Tax Refunds are already stuck up with the Federal Board of Revenue (FBR) and exporters are facing liquidity crunch.

The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Senior VC Jawwad Ahmad Chaudhry has advised the government and the FBR to announce export-friendly policies instead of creating difficulties for the industry.