Home / Knowledge / News / Textiles / Pakistan textile associations threaten nationwide protest
Pakistan textile associations threaten nationwide protest
15
Mar '13
Textile and garment associations of Pakistan have threatened to launch a nationwide protest if the levy of two percent sales tax and five percent withholding tax on raw material imports is not rolled back.
 
Representatives of five associations—Pakistan Hosiery Manufacturers Association, Pakistan Towel Manufacturers Association, Pakistan Bedwear Exporters Association, Pakistan Readymade Garment Manufacturers and Exporters Association, and Pakistan Leather Garment Manufacturers and Exporters Association—jointly held a press conference to put across their demands.
 
The representatives of these associations asked the Government to rollback the levy announced through SRO 154(I)/2013 dated February 28, 2013, failing which all industries of the five sectors would be forced to launch protest. 
 
They said they fail to understand as to why the Federal Bureau of Revenue (FBR) has taken such a decision which would badly hit the five sectors, which hold to be major employment and foreign exchange generators for the country.
 
During their meeting with officials of the FBR last week, the FBR officials agreed to reduce sales tax on the five sectors to one percent, but just a couple of days later FBR declined to fulfil the commitment, the representatives said.
 
They added that the FBR rejected their demand to amend SRO 1125(I)/2011 dated December 31, 2011, to exempt the registered members of the five sectors from sales tax, and levy a two percent tax on unregistered persons.
 
The FBR is holding back sales tax, customs rebate and drawback of local taxes and levies (DLTL) claims estimated to be around Pk Rs. 60 billion, and the delay in releasing of these refund claims has also raised the difficulties of the export industry, they said.
 
This has led to biggest ever liquidity crisis, while other factors like high cost of doing business, worst-ever loadshedding, and high tariff utility rates continue to trouble the producers and exporters of the five sectors, and has highly impacted their ability to contribute to the country’s export growth, the representatives said.
 

Fibre2fashion News Desk - India


Must ReadView All

Chinese firm sets up textile-garment chain in Vietnam

Apparel/Garments | On 13th Dec 2017

Chinese firm sets up textile-garment chain in Vietnam

Worldon Vietnam Co. Ltd under the Chinese Shenzhou Group is likely to ...

Courtesy: SATO Global Solutions

Information Technology | On 13th Dec 2017

Sensor networks improve inventory management

Sensor networks like radio frequency identification (RFID) and smart...

CMAI hails review of FTP as 'progressive package'

Apparel/Garments | On 13th Dec 2017

CMAI hails review of FTP as 'progressive package'

The Clothing Manufacturers' Association of India (CMAI) has hailed...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Urmil Arya

Sushila International, a well established textile organisation established ...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Silke Brand-Kirsch
Schlegel und Partner

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

December 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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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