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Related Keywords: biggest group of value added textile, extending rebate, indirect exports, local sales of yarn, Pakistan Apparel Forum, regulatory duty on import of cotton yarn, Sales tax, up to thirty two single coarse counts, urge to amend the export package, withdrawal of customs duty

Pakistan Apparel Forum, the biggest group of value added textile urge to amend the export package by extending rebate to indirect exports (local sales) of yarn and withdrawal of customs duty and sales tax, besides regulatory duty on import of cotton yarn up to 32 single coarse counts.

Related Keywords: at stake for liquidity shortfall, backlog of refunds, Chairmand Muhammad Jawed Bilwani, Computerized Refund System, Pakistan Apparel Forum, Pakistani value added textile exporters, pushing exporters to financial crisis, sales tax refunds, scaling down textile manufacturing, vexed over the non-release of their customs rebate

The Pakistani value added textile exporters vexed over the non-release of their customs rebate and sales tax refunds that came to huge amount scaling down the textile manufacturing and pushing the exporters to financial crisis. The Pakistan Apparel Forum Chairman, Muhammad Jawed Bilwani called the backlog of the refunds a 'dilemma', saying that the textile manufacturing was at stake for liquidity shortfall.

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 If the sales tax imposed on the exports is not withdrawn the value added textile exports would further decline by approximately 20 percent.

Related Keywords: Faisalabad and Lahore, from Dubai, having no manufacturing unit, heavy financial losses, import of Indian fabric, non-functioning, open import, Pakistan Apparel Forum, weaving units in Gujranwala, Weaving units in Pakistan

The weaving units in Pakistan facing heavy financial losses due to import of Indian fabric from Dubai which is still unchecked and the government need to stop this import, said Pakistan Apparel Forum (PAF) chief Jawed Bilwani.

Related Keywords: benefit garment sector, cotton yarn, fabric commercial and value addition sector exporters, facing 10 percent regulatory duty on import, import of cotton yarn, Pakistan Apparel Forum, Pakistan government, reduction in regulatory duty

Pakistan government likely to consider reduction in regulatory duty on the import of cotton yarn to benefit the garment sector as the cotton yarn, fabric commercial and value addition sector exporters are now facing 10% regulatory duty on imports from November 1, 2015, a source in the Ministry of Finance has hinted.

The performance of value addition by woven garments sector is 846%, hosiery/knit garments 616% and spinning sector is 59%.

Related Keywords: APTMA, DBK allowed only on, implement the policy, incremental exports, mixed reaction, no incentive for spinners, Pakistan Apparel Forum, Pakistan textile policy, PBEA, textile exports, Textile Industry, timeline of refunds

Mixed reactions coming in from the Pakistan textile industry on the announcement of its new textile policy 2014-19, according to Pakistan Apparel Forum’s Chairman Muhammad Jawed Bilwani, under the present economic circumstances no better policy could have been expected but stressed on implementing the policy in letter and spirit to get required targets.

He said that the new five-year policy would go a long way in benefiting the entire textile sector and boosting exports of value-added garments and apparel.

Related Keywords: additional import duty, export earning, government proposal, having integrated units, import duty on cotton yarn, increase cost of doiing business, Pakistan Apparel Forum, Pakistan value added textile sector, Spinners

Pakistan already has 5 percent import duty on import of cotton yarn with the government’s proposal of additional import duty the value added textile sector will be unable to import cotton yarn from India, as it will greatly increase their cost of doing business.

Textile value added sector flayed government’s proposal imposing additional duty on import of cotton yarn from India.