Home / Knowledge / News / Textiles / Provide tax relief to textile sector – KCCI
Provide tax relief to textile sector – KCCI
18
Feb '10
“Recommend Federal Finance Ministry to relax the textile sector from heavy burden of taxes”, Senior Vice President of Karachi Chamber of Commerce and Industry (KCCI), put in a request to Mr. Rasheed-ud-din Rashid to the Federal Secretary of Commerce.

High production costs due to the towering tariffs of gas and power affected the exports of textile products, which are the key items which bring foreign exchange into the country and has 60 percent share in country's total export, said Mr. Rashid.

These high operational costs curb the competence of exporters in international market. Uneven power and gas supply to the export oriented industry and high tariffs elevate the manufacturing cost resulting into the unrest and discontentment in industry entrepreneurs, which may result in companies shifting operations to other countries like Bangladesh, he stated.

In order to safeguard the domestic export industry, some benchmarks should be set for the exports of indigenous products and raw materials, he opined.

Since past few years, Pakistan has been going through harsh situations under which it has been witnessing dearth of raw materials, which at one time it used to export. Now, the country has to import those products at higher prices, he lamented.

Fibre2fashion News Desk - India


Must ReadView All

Maharashtra govt to help textile units set up solar plants

Textiles | On 21st May 2018

Maharashtra govt to help textile units set up solar plants

The state government of Maharashtra has formed a panel to help set up ...

Equate posts best Q12018 results since inception

Textiles | On 21st May 2018

Equate posts best Q12018 results since inception

Equate Group's first quarter results for 2018 are the best since its...

Over 60% retailers already have IoT platforms: IDC

Apparel/Garments | On 21st May 2018

Over 60% retailers already have IoT platforms: IDC

Retail organisations are adopting IoT platforms and more than 60 per...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Victor Chao
Esmetex

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

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Urmil Arya

Sushila International, a well established textile organisation established ...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Suresh Patel
Sidwin Fabric

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

Marcel Alberts
Eurofibers

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Ritu Kumar
Label Ritu Kumar

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

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search