Home / Knowledge / News / Textiles / PTEA demands continuous gas supply & tax rebate
PTEA demands continuous gas supply & tax rebate
03
Oct '12
Ensuring continuous gas supply to textile industries and release of outstanding refund claims would remain the key demands of Pakistan Textile Exporters Association (PTEA), the newly appointed Chairman of the association, Mr. Asghar Ali, said while speaking at the body’s Annual General Meeting.
 
He said both uninterrupted gas supply and rebate in taxes are needed to help textile exporters to hold on to their export markets in the face of global economic slowdown and severe competition.
 
He added that in spite of being a key contributor to the country’s economy, the country’s textile sector is unable to improve its performance due to power crisis, high bank mark-up rate and raw material scarcity.
 
The PTEA Chief said the performance of the country’s textile sector is deteriorating with each passing day and called on the Government to sanction funds for export development initiatives to boost exports. 
 
He mentioned that billions of rupees of tax refunds of textile entrepreneurs is lying with different government departments, which is leading to liquidity crisis, and it is holding back the sector’s turnover and export growth. He assured that PTEA would make special efforts to ease the situation. 
 
Mr. Ali urged the Government to focus on strengthening and fortifying the economy to boost the country’s industrial productivity.
 

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

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

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

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Silke Brand-Kirsch
Schlegel und Partner

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

Larry L Kinn
Suominen Corporation

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

Bani Batra

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

Karan Arora
Karan Arora

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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:
June 2017

June 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