YnFx logo
FacebookFacebookFacebook

News Tags

warning: Creating default object from empty value in /var/www/html/html/vhosts/ynfx_drupal/modules/taxonomy/taxonomy.pages.inc on line 33.

PAF strongly opposes to current 5pc import duty on cotton yarn

Related Keywords: current five percent duty on the import of cotton yarn, enhance exports, PAF Chairman Jawed Bilwani, Pakistan Apparel Forum (PAF) members, reduction in all cost of inputs, value added textile sector burdened, verge of collapse, withdraw duty

The Pakistan Apparel Forum (PAF) members said on Thursday said that the value added textile sector is burdened due to the current 5 percent duty on the import of cotton yarn and the industries are on verge of collapse, hence the government should withdraw duty on the import of cotton yarn help the value added textile sector enhance its exports.

Pakistan textile industry seek full refund of export tax rebates asap

Related Keywords: All Pakistan Textile Mills Associationm Pakistan Apparel Forum, non-repayments of refund, Pakistan Bedwear Exporters Association, Pakistan govt to clerar refund, textile exporer reduce profitabiliy, Textile exporter, verge of collapse

Pakistan government is yet to clear refunds worth Rs50 billion for textile exporters under the duty drawback scheme, accumulating till October 2014. The delay in releasing the outstanding tax and duty drawback could further weaken the sector’s ability to export and also reduce their profitability.
Pakistan’s textile industry has been looking forward to a full refund of export tax rebates as early as possible.

Copyright © 2014 Centerac Technologies Limited. All Rights Reserved
-->
feedback button