Home / Knowledge / News / Apparel/Garments / Pakistan garment exporters slam levy of withholding tax
Pakistan garment exporters slam levy of withholding tax
18
Feb '13
Apparel exporters in Pakistan have expressed unhappiness over the recent imposition of one percent withholding tax on all their purchases by the Federal Bureau of Revenue (FBR).
 
Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), South Zone Chairman, Shaikh Mohammad Shafiq, said as per the notification issued by FBR, all textile firms, including exporters, would have to pay one-fifth of the sales tax rate applicable on all their purchases as withholding tax.
 
The levy would raise the prices of raw material for companies, which in turn would raise the prices of final products for consumers, who are already hit by heavy inflation.
 
The PRGMEA official said the move would further increase inflation in the country, and would directly impact the domestic as well as global consumers procuring textiles and garments from the Pakistani industry. 
 
This would also lead to a hike in the prices of Pakistani garments, rendering producers of these items uncompetitive against their counterparts from countries like India, Vietnam and Bangladesh.
 
He called on Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and all other value-added sector associations to join PRGMEA in urging the Government to roll back the levy.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X