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: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Lynda Kelly
Suominen Corporation

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

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...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Madhu Jain
Madhu Jain

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

news category


Related Categories:
July 2017

July 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