Home / Knowledge / News / Textiles / Pakistani tanners urge govt to review sales tax
Pakistani tanners urge govt to review sales tax
Feb '14
The Pakistan Tanners Association (PTA) has appealed to the Government to review the sales tax (ST) regime, as the proposed hike in the ST to 17 percent would adversely affect the export-oriented leather sector of the country.
PTA central chairman Shaikh Saqib Saeed Masood said the Federal Board of Revenue’s plan to raise the ST to 17 percent on purchase of raw material by the all export-oriented industries of the country would negatively impact the already perturbed leather industry, reports Business Recorder.
Mr. Masood said there is a need to review the ST regime and include raw hides and skins in the revised edition of the Manual of Agricultural Produce Market Committee Laws of the provinces of Pakistan which includes agricultural produce like raw cotton (phutti), cotton ginned (lint), cotton waste.
If raw skins and hides are included in the manual then leather goods exporters from the country might be able to avail exemption from the ST and can propel their exports, he added.
The PTA chief said that leather is the second largest exporting sector of Pakistan, earning the country annual export revenue of US$ 1.14 billion, and providing jobs to one million people in the country.
The leather industry has tremendous growth potential and can become a $3 billion industry within the next three years if the Government extends its support towards the sector and ensures a level playing field, he added.
To connect manufacturers and suppliers with buying houses and fashion brands, Fibre2fashion.com is coming up with an online fair on Leather Skin Show 2014” scheduled in Mid March-2014.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Mar 2017

Himatsingka to disinvest 100% stake in Italian subsidiary

The board of directors at Indian home textiles manufacturer and...

Courtesy: Flipkart

Apparel/Garments | On 27th Mar 2017

Flipkart bags $1bn funding at lower valuation

In a new round of funding, Flipkart, one of India's biggest ecommerce ...

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Interviews View All

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Varinder Singh Jawanda
Trendy Bharat

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

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Madhu Jain
Madhu Jain

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search