Home / Knowledge / News / Textiles / Pakistan's powerloom sector protests against new taxes
Pakistan's powerloom sector protests against new taxes
21
Nov '11
Owners of powerloom units in Pakistan have announced that they would launch a protest from Monday against the levy of new taxes, power and gas outages and relentlessly rising cost of power and fuel.

Waheed Khalid Ramay, Chairman of Council of Loom Owners Association, said the industry was already ailing due to costly raw material and high operational cost, and now the compulsion for registered producers, importers and exporters for obtaining National Tax Number (NTN) and Computerised National Identity Card (CNIC) number of unauthorized traders while transacting with them has further added to their difficulties.

Moreover, acute power and gas load-shedding issues are posing a challenge before the industrialists to sustain their business operations, while continuously rising prices of petroleum products is compelling them to cease out of business, he added.

Mr. Ramay stated that these adversities would compel closure of industrial units, which would, in turn, result in large-scale unemployment that would create a law and order problem in the country.

He recommended that the Government should ask the Federal Board of Revenue (FBR) to rollback SRO-821 that stipulates the conditions relating to the requirement of CNIC and NTN for dealings with unauthorised dealers, and added that the protest would go on till their demands are accepted.

Meanwhile, other entrepreneurs also urged the Government to immediately rollback all unlawful and anti-industry taxes and levies, failing which, they said, they would launch a powerful protest across the country.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 21st Aug 2017

Telangana announces sops for textile, apparel sector

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

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

Turkish apparel exports fall 6.11% in H1 2017

Apparel exports from Turkey declined by 6.11 per cent in the first...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth 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

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