Home / Knowledge / News / Apparel/Garments / PRGMEA chief expresses unhappiness over budget
PRGMEA chief expresses unhappiness over budget
17
Jun '11
Mr Ijaz Khokhar
Mr Ijaz Khokhar
The recently announced budget has not been well-received by the value-added textile sector in Pakistan. The biggest setback is that, funds have not been allocated to the popular 'Drawback on Taxes and Levies Order, 2009 Scheme'.

“The scheme was supposed to be extended till 2014 but unfortunately it will now expire on June 30, 2011”, Mr Ijaz Khokhar - Chairman, Pakistan Readymade Garment Manufacturers & Exporters Association (PRGMEA), told exclusively to fibre2fashion.

In all, exporters have submitted claims amounting to Rs 28.72 billion as drawback of local taxes and levies to the apex bank of Pakistan, of which only Rs 5.3 billion have been disbursed.

Showing unhappiness with the budget, Mr Khokhar said, “The budget has been focused on tax and revenue collection. The whole textile and garment industry has not been taken into consideration. We are all waiting for the trade policy which is to be announced probably by the end of this month. Then only, will we have a clear picture about the Government's take on trade policies.”

He added by saying, “There is no clear incentive to the industry in the current budget. 90% of the budget has concentrated on revenue collection activities. The people in the value-added garment industry were expecting a lot because there was a lot of commitment in the tax policies which had been announced two years back.”

“Huge amount of exports have been lost due to lack of funds. The government is under pressure from the IMF because it is forcing to promote revenue collection activities”, he winded up this informative interview by saying.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 21st Aug 2017

GST payment & filing for July extended till Aug 25

The GST Implementation Committee, consisting of state and Central...

Textiles | On 21st Aug 2017

India’s cotton production may grow by 3.76% in 2016-17

India’s cotton production is likely to rise by 3.76 per cent to 345...

Textiles | On 21st Aug 2017

Telangana announces sops for textile, apparel sector

The Telangana government recently announced a string of incentives,...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search