Home / Knowledge / News / Textiles / Standing Committee asks for sales tax refund at earliest
Standing Committee asks for sales tax refund at earliest
21
Jul '17
The Standing Committee on textile industry has asked the Federal Board of Revenue for release of sales tax refund at the earliest. Pakistan textile industry is facing financial crisis due to delay in release of tax refund of around Rs 300 billion. The committee has asked the government for implementation of policies to improve exports of the industry.

The exports of the textiles and apparel sector contribute majorly in the country's revenue generation. In a meeting of the Standing Committee chaired by Khawaja Ghulam Rasool Koreja, order has been given for monthly report of the implementation of Rs 180 billion exports package announced by the prime minister, according to Pakistan media reports.

Upset over the shutdown of around 30 to 40 per cent of the textile industry in the country owing to high tariffs of power, gas rates and wages, the committee has demanded for reduction in the charges of basic infrastructure facilities. Nominal pricing will allow Pakistan to compete in the international market, the committee said. Non-availability of the basic infrastructure facilities in the textile industry has led to trade deficit between import and export. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Top 15 US fashion brands are collectively worth $70 bn

Fashion | On 22nd Jul 2018

Top 15 US fashion brands are collectively worth $70 bn

The top 15 American fashion brands are collectively worth close to...

Courtesy: Covestro

Textiles | On 22nd Jul 2018

Covestro's new products for waterproof textile coating

Covestro, which is among the largest polymer companies, has unveiled...

Evogene, IMAmt to work together in insect resistance

Textiles | On 22nd Jul 2018

Evogene, IMAmt to work together in insect resistance

Evogene, a leading biotechnology company developing novel products...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Johan Berlin
InvestKonsult Sweden AB

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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


July 2018

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

news category


Related Categories:

Advanced Search