Home / Knowledge / News / Textiles / PCGA rebuffs new taxation on cotton trade
PCGA rebuffs new taxation on cotton trade
20
Oct '10
The newly recommended taxation on cotton trade has been declined by the central executive committee of Pakistan Cotton Ginners Association (PCGA). The proposed taxation has been described as the economic obliteration of ginners. The committee stated that such measures will further damage the already ruined industries.

PCGA authority is expected to persuade the FBR regarding the harmful effects of the new taxation on the ginning industry and other sectors. The devastating floods, the frequent power cuts accompanied with short supply of gas and maximum power tariff had destroyed the industry to a great extent. The proposed taxation will drastically affect the industry.

The manufacturing cost has increased by several folds, which forced Pakistan to quit from the global market competition. Currently, the country is not in a position to compete with other countries like India, Bangladesh, Malaysia, Taiwan and Thailand. There is a necessity to take measures urgently in order to satisfy the requirements of power and gas. The government is expected to ensure continuous supply of power to the ginning industry in Punjab and Sindh provinces of Pakistan in the present peak season.

Fibre2fashion News Desk-India


Must ReadView All

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Courtesy: IVL

Textiles | On 26th Jul 2017

IVL completes PTA capacity expansion in Europe

Indorama Ventures Public Company Ltd (IVL), a global chemical...

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Larry L Kinn
Suominen Corporation

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

Kerem Durdag
Biovation II LLC

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ritu Kumar
Label Ritu Kumar

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

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

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X