Home / Knowledge / News / Textiles / KCCI urges Pakistan's FBR to defer changes in tax regime
KCCI urges Pakistan's FBR to defer changes in tax regime
Nov '11
The Karachi Chamber of Commerce and Industry (KCCI) has urged Pakistan's Federal Board of Revenue (FBR) to defer the implementation of changes in the tax regime brought about through SRO 1012 of November 4, 2011.

KCCI President Mian Abrar Ahmad said FBR should not implement the changes without consulting all stakeholders, including the trade bodies and the chambers of commerce.

He added that the procedures and framework laid down in the SRO 283 for zero-rated sales tax regime for five export sectors has been successful until now in ensuring a level playing field for both the industry and trade.

He sated that replacing the same with the new taxes may lead to closure of already established markets in key cities of Pakistan. The new measures will especially deal a blow to yarns and fibres, chemicals, processing aids and accessories used in all large export-oriented industries.

In view of the same, Mr. Ahmad demanded that the FBR should immediately have a detailed discussion with all stakeholders, including the KCCI. He informed that delegations of Pakistan Yarn Merchants Association (PYMA) and Pakistan Chemicals and Dyes Merchants Association (PCDMA) have supported the demand to suspend SRO 1012 and restore the earlier SRO 283.

The KCCI President stressed that the sales tax rate should be maintained at zero for both commercial and industrial importers to prevent the misuse of the policy and to avoid distortions in taxes.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Cindy McNaull

We have broad range of options in durable fabrics

Hannah Lane

Encouragement from brands will motivate supply chains to become more...

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mark Paterson
Technical Absorbents Ltd

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

Eric Scholler

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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