Home / Knowledge / News / Textiles / Pak carpet sector urges govt to restore zero-rated status
Pak carpet sector urges govt to restore zero-rated status
22
Apr '14
The export-oriented Pakistani carpet industry cannot benefit from the duty free-access to the European Union (EU) under the Generalized System of Preferences Plus (GSP+) facility, unless the Government restores the zero-rated regime for the carpet sector to help ease its liquidity flow, said Pakistan Carpet Manufacturers and Exporters Association (PCMEA) chairman Akhtar Naazi Cooki.

Mr. Cooki was speaking to members from the Trade Development Authority of Pakistan (TDAP), including TDAP chairman SM Muneer, who recently made a visit to the PCMEA office in Lahore, reports The Nation.

At the meeting, Mr. Cooki explained that a significant ratio of working capital of Pakistani carpet exporters is already stuck up in refund regime and carpet exports from the country have already declined from US$ 300 million to $120 million.

According to the PCMEA chairman, the Government should bring in necessary reforms and give special status to the export-oriented carpet industry of the country and enable zero-rating facility for it.

The PCMEA chairman also urged the Government to allocate Pk Rs. 1 billion for hand-knotted carpet industry to create 13,000 jobs for the under privileged segment of the society.

On his part, TDAP chairman SM Muneer said that the Government is in the process of bringing positive changes in the rules and the business environment to enhance the export capacity by collaborating with the various industries, including carpet industry.

According to the TDAP official, energy crisis and other challenges have been obstructing economic development in the country and also creating a barrier for growth of exports.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Steve Cole
Xerium Technologies

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

July 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

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X