Interviews
Duty-free import to hit Pak textile accessory units
27 Mar '07
3 min read
These units are basically small and medium enterprises (SMEs) and do not avail any kind of financial support from any bank or financial institutions and they run on 100 per cent self-finance basis.
Accessories manufacturers over the years have acquired hi-tech advanced technology and are fully capable to cater to the exporters' requirements both in quality and quantity.
They said that these SME units provide employment to over 0.5 million skilled and semi-skilled workers all over Pakistan. They said that the ministry was acting seriously on the proposal submitted by some exporters who are already enjoying zero-rated import under various SROs and DTRE scheme.
In case the duty-free import of accessories is allowed it will open doors for the commercial importers and in the long run the manufacturers of the textile accessories will be left with no choice but to shut down their units rendering thousands of people jobless.
They said that the textile accessory manufacturers will stand no chance of survival if import of their raw materials (polyester yarn, nylon yarn, rubber thread and plastic compounds) has 25 per cent customs duty, while the import of their finished products is sought at zero per cent duty.
They recalled that in the 2000 budget the industry had faced similar situation when the budgetary decision had created an anomaly by allowing duty free import of accessories. Later, after strenuous efforts the issue was resolvedin the interest of local accessory manufacturing units.
Accessories manufacturers over the years have acquired hi-tech advanced technology and are fully capable to cater to the exporters' requirements both in quality and quantity.
They said that these SME units provide employment to over 0.5 million skilled and semi-skilled workers all over Pakistan. They said that the ministry was acting seriously on the proposal submitted by some exporters who are already enjoying zero-rated import under various SROs and DTRE scheme.
In case the duty-free import of accessories is allowed it will open doors for the commercial importers and in the long run the manufacturers of the textile accessories will be left with no choice but to shut down their units rendering thousands of people jobless.
They said that the textile accessory manufacturers will stand no chance of survival if import of their raw materials (polyester yarn, nylon yarn, rubber thread and plastic compounds) has 25 per cent customs duty, while the import of their finished products is sought at zero per cent duty.
They recalled that in the 2000 budget the industry had faced similar situation when the budgetary decision had created an anomaly by allowing duty free import of accessories. Later, after strenuous efforts the issue was resolvedin the interest of local accessory manufacturing units.
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