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Surge in rupee value putting textile exporters in loss, demand for 10% rebate

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.

Govt announces 10% rebate on purchase of woollen yarn

Related Keywords: handicraft sector, handloom sector, rebate, Textile Industry, woolen yarn

Union Minister for Textiles K S Rao has announced 10 percent rebate on purchase of yarn, which was only available for handicraft sector, shall be now available on purchase of woollen yarn as well to promote handloom sector in the country.

Responding to the demand of handloom weavers, the announcement comes in, at the need of the hour to make handicraft market driven conforming to the fast changing consumer tastes and liking.

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