Home / Knowledge / News / Textiles / Pakistan textile sector urges govt to form GSP+ Cell
Pakistan textile sector urges govt to form GSP+ Cell
21
Dec '13
The Pakistani textile industry has urged the Government to establish Generalized System of Preferences Plus (GSP+) Cell, in order to fully utilize the duty-free access to the European Union (EU) and earn foreign exchange.
 
The proposal was part of various demands raised by the leaders of six leading value-added textile sectors during a meeting with the Minister of Textile and Commerce Engr. Khurram Dastgir Khan, recently held at the Pakistan Hosiery Manufactures Association (PHMA) House.
 
According to textile industry leaders, Pakistani exports would be facing stiff competition from 58 countries already enjoying GSP+ status and hence Pakistani products should be most competitive to fully avail free market access.
 
Muhammad Amjad Khawaja Chairman Pakistan Hosiery Manufacturers & Exporters Association (PHMA), told reporters after the meeting that the Minister assured textile sector representatives during the meeting, that various irritants and differences in harmonized code and refund issues would be settled before the new year to harvest the fruits of GSP+ status.
 
The Minister has assured that refund claims of sales tax / Duty Drawback of Local Taxes & Levies (DLTL) Scheme and synchronization Harmonized Code, Employees' Old-Age Benefits Institution (EOBI) and Social Security issues should be resolved on top priority basis before the start of 2014, he added.
    
At the meeting, the leaders complained that long delays in payment of different refunds by the Federal Board of Revenue (FBR) often causes liquidity crunch for export trade who have to compete and ensure timely delivery of export orders.
 
Zia-ur-Rehman Choudhary, PHMA north zone vice chairman said GSP+ status is a healthy sign for textile sector of Pakistan positive results could be attained only if the government ensures uninterrupted power and gas supply to industrial sector, especially textiles enabling the exporters to fulfill the foreign demands easily.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

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

Yash P. Kotak
Bombay Hemp Company

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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
April 2017

April 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