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APTMA hails release of outstanding sales tax refund
27
Aug '16
The All Pakistan Textile Mills Association (APTMA) has appreciated the government's decision of releasing the outstanding sales tax refund amounting to Rs 21.44 billion by August 31, 2016, against RPO's issued until April 30, 2016. But it also urged the government to address other challenges on priority, which was hurting the viability of textile sector.

According to chairman of APTMA Tariq Saud, the textile sector will be able to compete with competitor countries and also become viable, if the government addresses these issues.

“The target of 6 percent growth by 2018 for the textile sector set by Prime Minister Nawaz Sharif will be possible, only if offered a level playing field to compete with regional competitor countries,” the chairman added.

Saud also hailed the government's decision to pay all pending refunds by October 15, 2016 for all RPO's issued until June 30, 2016. (AR)

Fibre2Fashion News Desk – India

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