Home / Knowledge / News / Textiles / FPCCI optimistic while submitting pre-budget proposal
FPCCI optimistic while submitting pre-budget proposal
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

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Marcel Alberts

Coating at a fibre level is a practice not usually seen in 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...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

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

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

February 2017

February 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