Home / Knowledge / News / Apparel/Garments / PHMA seeks exemption from payment under EOB Act

PHMA seeks exemption from payment under EOB Act

23
Feb '12
Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has sought exemption from paying monetary contribution under section 9 of the Employee Old Age Benefits Act (EOB Act), 1976, that is mandatory for workers welfare, to boost the sector's performance.

M. Jawed Bilwani, Chief Coordinator, PHMA and Chairman of Pakistan Apparel Forum told fibre2fashion, “Under the provisions of the EOB Act, the employer is obliged to contribute five percent of the minimum wages for unskilled workers. This huge contribution to EOB and other factors such as frequent increase in the cost of energy, load shedding of gas and electricity, currency devaluation, rise in wages, etc have together increased the cost of doing business. As a result, our exporters are not in a position to compete with other countries.”

“Moreover, the export-oriented units in the Export Processing Zones (EPZs) are exempted from EOBI and other local taxes and levies. So, we have demanded that manufacturing units that export more than 80 percent of their production, to be treated at par with the EPZ units,” he adds.

“We have written to the Federal Minister for Textile Industry to exempt knitted goods and apparel sector from payment of contribution under section 9 of the EOB Act, to provide relief to the export-oriented industry and to boost exports,” the PHMA Chief Coordinator reveals.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Feb 2020

Bangla Tariff Commission fears grave impact on China trade

The impact of the coronavirus outbreak on Bangladesh-China trade is...

Pic: Shutterstock

Textiles | On 26th Feb 2020

UK risks losing up to 14% of exports to EU if no deal: UN

Non-tariff measures could cause major fractures in post-exit UK-EU...

Pic: Shutterstock

Textiles | On 26th Feb 2020

Turkey's textile industry employs 1.67 mn: minister

Turkey's textile and garment industry currently employs around 1.67...

Interviews View All

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Nitin Soni, Dolphin Jingwei Machines

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Kaizad Hansotia, GetNatty

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Eric Schoeller,

Eric Schoeller

Groz-Beckert is the world's leading provider of industrial machine...

Kuldeep Pareek,

Kuldeep Pareek

Italian company Schoch Reeds has been producing high-quality weaving reeds ...

Aaron Spivak,

Aaron Spivak

Canada-based Hush Blankets was founded by Lior Ohayon and Aaron Spivak to...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

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

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


February 2020

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


Advanced Search