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PRGMEA calls for extension of DLTL scheme
01 Jul '11
1 min read
The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has urged the Government to extend the three percent drawback of local taxes and levies (DLTL) scheme through 2011-12 to help sustain the country's export growth.
The Government has officially announced the withdrawal of DLTL scheme from July 1.
The DLTL scheme was introduced in September 2009 with an aim to make country's woven garment industry into a production hub for high value-added items. This included enhancing availability of trained workforce, providing development and marketing support for brands, and promoting fashion designs.
During 2010-11, the woven garment industry achieved a remarkable 38 percent growth. Also, there has been an almost two-fold rise in the average unit price during the period due to the increased usage of costly fabrics.
At present, the woven garment industry employs around 30 percent of the textile industry's overall workforce of 3.5 million.
The Government has officially announced the withdrawal of DLTL scheme from July 1.
The DLTL scheme was introduced in September 2009 with an aim to make country's woven garment industry into a production hub for high value-added items. This included enhancing availability of trained workforce, providing development and marketing support for brands, and promoting fashion designs.
During 2010-11, the woven garment industry achieved a remarkable 38 percent growth. Also, there has been an almost two-fold rise in the average unit price during the period due to the increased usage of costly fabrics.
At present, the woven garment industry employs around 30 percent of the textile industry's overall workforce of 3.5 million.
Fibre2fashion News Desk - India
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