Related Keywords: assessing difference in cost of manufacturing, hire foreign consultants, increase in sales tax, increasing cost of doing business, increasing eletricity and gas charges, Pakistan Apparel Forum, Pakistan value added textile export, witnessed decline
Pakistani value added textile exports have witnessed declined by 13.42 percent in the first quarter of the current fiscal year due to increasing cost of doing business besides increasing electricity and gas charges.
Further, instead of withdrawing 2 percent sales tax on exports, the government has increased sales tax on exports by 50 percent in the last budget 2015-16. If the sales tax imposed on the exports is not withdrawn the value added textile exports would further decline by approximately 20 percent.
