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Related Keywords: APTMA, Pakistan textile exporter, rebate

The All Pakistan Textile Mills Association (APTMA) upset with the sudden surge in rupee value against dollar moreover it is continuing to raise disconcerting textile exporter’s business headway. They have urged the government to fix the rupee dollar parity to shield exporters from exchange losses and pay them 10% rebate against inventory looses incurred by them due to this.

The demand to pay 10% rebate will on business deals which the textile exporters had done during the period March-September 2013. As they get export payments after a gap of 90-120 days.

Related Keywords: Pakistan textile exporter, Sales tax

The Pakistan Apparel Forum (PAF), representing downstream value-added textile industry, on Wednesday has urged the Federal Board of Revenue (FBR) to consider knitwear and woven garment exporters separately in the sales tax regime from the suppliers of textile products to the local market who work in the undocumented, informal sector and avoid sales tax.

As the government plans to increase sales tax rate on textile industry from the current 2pc to 5pc in the first phase and 17pc in the next has caused a lot of concern among knitwear and woven garment exporters.

Related Keywords: Pakistan textile exporter, Textile refund claim

Chief Commissioner Inland Revenue Faisalabad Shaukat Mahmood during a meeting at Pakistan Textile Exporters Association (PTEA) on Wednesday said that Regional Tax Office (RTO) have geared up its efforts to release pending refund claims of textile exporters within the mandatory period as textile exporters are playing key role in strengthening the economy and textile sector is the main stay of national economy.