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Related Keywords: also demanded relaxation for the import of cotton yarn, appreciating move to withdraw duties and taxes, Chairman Dr Khurram Anwar Khawaja, encourage value-addition, import of cotton, Pakistan Hosiery Manufacturers and Exporters Association, PHMA, raw material for value-added knitwear sector

Pakistan Hosiery Manufacturers and Exporters Association (PHMA) Chairman Dr Khurram Anwar Khawaja appreciating the move to withdraw duties and taxes on the import of cotton to encourage the value-addition has also demanded the same relaxation for the import of cotton yarn, which is a raw material for value-added knitwear sector.

Related Keywords: applying drawback of duty and taxes, DDT claims, Pakistan Hosiery Manufacturers Association, PHMA, revised PM’s export package, seeking detailed procedure, value-added textile exporters

The Pakistan Hosiery Manufacturers Association (PHMA) seeking detailed procedure for applying drawback of duty and taxes (DDT) claims under the revised PM’s export package, as the process of application for DDT has not yet been formulated.

ECC had approved the revised package for exporters in early October and the textile ministry had notified this immediately. But even after a lapse of almost one and half month, no detailed circular was issued by the central bank regarding procedure of drawbacks, PHMA Chairman Khurram Anwar Khawaja said.

Related Keywords: APTMA, expedite finalization, Minister for Commerce and Textile, Muhammad Pervaiz Malik, mulish on boosting declining textile exports, Pakistan newly appointed, PHMA, Preferential and Free Trade Agreement, process paying tax refunds, resolving traders issues, take all appropriate measures, textile exports

Pakistan’s newly appointed Minister for Commerce and Textile Muhammad Pervaiz Malik is mulish on boosting the country’s declining textile exports on priority by resolving traders’ issues. After assuming charge on August 8, Malik said that the government will take all appropriate measures to expedite the finalization of Preferential and Free Trade Agreements with various countries.

Also informed that the process of paying tax refunds to the exporters will be expedited, one of the main issues of the business community.

Related Keywords: abolish Export Development Surcharge, allow stitching units to import raw material, at the time of realisation and payment of export proceeds, Customs rebate claims, deducted from export proceeds, EDF, Pakistan government, PHMA, settled and paid through SBP, under DTRE scheme, urged by Pakistan Hosiery Manufacturers and Exporters Association

The Pakistan government has been urged by the Pakistan Hosiery Manufacturers and Exporters Association (PHMA) to abolish 0.25 percent Export Development Surcharge which is deducted from export proceeds.

Pakistan Apparel Forum Chairman Jawed Bilwani speaking during a meeting of the National Assembly Standing Committee on Textile Industry, chaired by Member National Assembly (MNA) Haji Muhammad Akram Ansari at the PHMA House, said that they believe the surcharge on exports must be abolished as this will help exporters to use cash liquidity for enhancing the exports.

Related Keywords: APTMA, enhance trade volume, explore investment opportunities in Pakistan, explore Pakistani potential, FCCi, inked six MoU, Italian Foreign Trade Association, Italian Ministry of Economic Development, Pakistan Italy Investment and Business Forum, PHMA, PRGMEA, promotion of bilateral commerce and trade, Punjab Board of Investment and Trade

Italian Ministry of Economic Development, Ivan Scalfarotto during his visit of 60 member delegation has inked with the Punjab Board of Investment and Trade (PBIT) six Memorandum of Understandings (MoU for promotion of bilateral commerce and trade between the two nations.

The Italian Textile Manufacturing Association signed three separate MoUs with All Pakistan Textile Mills Association (APTMA), Pakistan Hosiery Manufacturing Association (PHMA), and Pakistan Readymade Garment Manufacturer and Exporters Association (PRGMEA).

Related Keywords: dyed blended polyester cotton garments, export of hosiery and woven garment, Federal Board of Revenue, Pakistan Hosiery Manufacturers and Exporters Association, PHMA, raised DBK rates, rates are worked out by the Input-Output Co-efficient Organisation of Customs. white blended polyester cotton garment, revised proposal on DBK

Pakistan Hosiery Manufacturers and Exporters Association (PHMA) had submitted revised proposals on duty drawback rates on export of hosiery garments and woven garment to the Federal Board of Revenue (FBR) which has been finally accepted.

The Federal Board of Revenue (FBR) has raised duty drawback rates on export of hosiery garments and woven garments. The rates are worked out by the Input-Output Co-efficient Organisation (IOCO) of the Customs.

Related Keywords: apparel export sector, considering to regulate duty on import of cotton yarn, Federal Board of Revenue, international market, negative impact on value added textile sector, PHMA, protect spinning sector, rejects idea of imposing import duty

The Federal Board of Revenue (FBR) is considering to regulatory duty on import of cotton yarn as a move to protect spinning sector against this Pakistan Hosiery Manufacturers and Exporters Association (PHMA) have rejected the idea of imposing import duty on yarn as it would pose negative impact on the value-added textile sector.

Related Keywords: apparel sector, PHMA, spinning industry, yarn import

Pakistan Hosiery Manufacturers Association (PHMA) during the apparel sector meeting with Abbas Khan Afridi, Federal minister for textile industry urged that the yarn imported from India should be exempted from duty to put a stop to monopolization by the local spinning industry.

Related Keywords: gas supply, knitwear sector, PHMA, SNGPL

SNGPL has single out the knitwear garment sector by repudiating gas supply defying going along with the decision taken by the federal government to provide gas to textile processing units.