Home / Knowledge / News / Textiles / Pakistan bedsheet makers seek incentives in Budget
Pakistan bedsheet makers seek incentives in Budget
09
May '12
The All Pakistan Bedsheets and Upholstery Manufacturers Association (APBUMA) has urged the Government to offer financial incentives to the country's textile sector in the Federal Budget 2012-13.

Pakistan's textile exports declined by 6.73 percent till January 2012 and if financial incentives are not given, the sector's exports will plummet further, Syed Muhammad Aasim Shah, Chairman of APBUMA, said.

He said cotton, yarn, fabric and made-ups were the major textile products that earn foreign exchange for the country, and hence these items should have zero value-added tax (VAT) to boost their exports.

He mentioned that shortage of energy, the rise in fuel prices and increase in power tariffs are further adding to the problems faced by the country's textile exporters.

Moreover, the Government had failed to timely settle the outstanding claims of textile exporters worth Pk Rs. 12.75 billion under drawback of local taxes and levies (DLTL), he added.

The APBUMA Chairman urged the Government to make adequate allocation for the textile sector in the forthcoming Budget. He said the Government had allocated Pk Rs. 7.5 billion for settling textile sector claims, but the Ministry of Finance had so far released only Pk Rs. 1 billion.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Apparel/Garments | On 21st Sep 2017

BFC announces partnership with Chinese firm JD.com

The British Fashion Council (BFC) has forged a new partnership...

Textiles | On 21st Sep 2017

Indonesia’s textile exports may reach $15 billion by 2019

Indonesia’s textile-related exports are projected to reach $15...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Karan Arora
Karan Arora

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

Rupa Sood and Sharan Apparao
Nayaab

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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