Home / Knowledge / News / Textiles / FPCCI optimistic while submitting pre-budget proposal
FPCCI optimistic while submitting pre-budget proposal
12
May '08
Although budget date for Pakistan is yet to be finalized, the textile industry is gearing up to make it big this time. Industry players are hoping that the upcoming budget would give relief to the sector, as it is going through a rough phase, due to rise in prices of raw material, energy prices, and threats from neighbouring countries like India and China.

Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has recently submitted a Pre-Budget Proposal for the year 2008-09 to Mr Abdullah Yousuf, Secretary General, Revenue Division & Chairman, Federal Board of Revenue.

This year FPCCI has given special importance to inflation controlling and investment enhancement strategies in the budgetary proposals. In the budget proposals FPCCI emphasized on the sustainable development of the country, and the investment promotions and control over inflation were specially focused.

• Dyes and chemicals for textile industry should be exempted from duty to avoid crises in the revenue generating sector of the economy. Textile is the major contributor in GDP. In order to reduce down factor cost captive power Generator accessories and essential parts for weaving should be exempt from custom duty. It will support production and will increase export hence foreign inflow of capital.

• We must focus on export of textile, leather garments, sport goods, these sectors of economy have potential to earn from abroad.

• Due to crises in textile sector, withholding tax on export proceeds be suspended for a period of 2-years.

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search