The far-reaching structural reforms, and stabilisation measures carried out in the past two years have put the economy on the right track.
The minister said that in order to improve transparency, enhance competitiveness and remove anti-export bias, the commerce ministry and Federal Board of Revenue (FBR) have undertaken a tariff rationalisation exercise.
APTMA chairman SM Tanveer said that billions of rupees of textile exporters were blocked in sales tax and customs rebate and other schemes introduced in the textile policy for 2009-14.
He said the zero-rating sales tax facility was intended to save them from the hassle of claiming refunds. Pakistan’s textile exports could soar to $25 billion if the government took the stakeholders on board and framed policies in consultation with them, Tanveer added. (SH)
Fibre2fashion News Desk – India
Textiles | On 18th Jan 2017
The United Kingdom will pursue free trade agreements with the EU and...
Apparel/Garments | On 18th Jan 2017
Jack Ma led Alibaba Group has forged an alliance with various global...
Information Technology | On 18th Jan 2017
eBIZ 4.0 is a new step of eBIZ, the public-private initiative that...
Dolphin Jingwei Machines
Taxation policies need to be made simpler
Indo Count Retail Ventures
Today, there is no other emerging market as India, "we make in India and...
Dow Microbial Control
'Silvadur is most rapidly adopted in areas where hygiene-conscious and...
Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...
Biovation II LLC
Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...
Iago Castro Asensio
RCfil Distribuciones S.L.
Iago Castro Asensio, International Business Manager of RCfil...
Somaiya Kala Vidya
Among the many honours showered on Frater, including Fulbright and Ford...
Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...
Rupa Sood and Sharan Apparao
Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...