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Related Keywords: APTMA, immediate remedial measures, impaired due to heavy taxes and surcharges, research study on Pakistan textile industry, rritants include energy tariff, to achieve textile export target, uncompetitive compared to regional economies, under utilization of power generation capacity and energy shortage, withdrawal of various surcharges

A research study prepared by the All Pakistan Textile Mills Association (Aptma) reports that the Pakistan textile industry is impaired due to heavy taxes and surcharges, rendering it uncompetitive compared to regional economies. As per the report, other irritants include energy tariff, under utilization of power generation capacity and energy shortage.

The export sector is subject to five percent duties, taxes and surcharges, while competitors in India enjoy tax-free regime on exports of textile products. While in Bangladesh and China, levies on exports are around one percent.

Related Keywords: Afghan Transit Trade, APTMA, chairmand S M Tanveer, cleared by Customs, due to presence of second hand, immediate remedial measures, imported products, in domestic market, incurring loss, Pakistan textile industry, price as low as for fibre or cotton, smuggled textile and clothing, to revisit the customs policy

Pakistan textile industry is incurring an annual loss of around $6 billion due to the presence of second-hand, smuggled textiles and clothing in the domestic market. Out of 10kg per capita consumption, the textile industry gets a share of only 3kg per capita while rest is grabbed by second hand, smuggled and imported textiles and clothing products that have entered into the domestic market, according to All Pakistan Textile Mills Association (APTMA) Chairman S M Tanveer.