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)
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