Home / Knowledge / News / Textiles / PYMA urges govt for elimination of tax on yarn import
PYMA urges govt for elimination of tax on yarn import
03
Jan '18
PYMA urges govt for elimination of tax on yarn import
The Pakistan Yarn Merchants Association (PYMA) has urged the Pakistan government for removal of the regulatory duty on the import of yarn. An appeal has been made to Dr Miftah Ismail, advisor to the Prime Minister on finance, revenue & economic affairs, for supply of affordable raw materials to the textile industry to increase the production.

The association has asked the government for provision of a level-playing field along with non-discriminatory business environment will help in supply of cheap raw material to the export-oriented industries, according to Pakistani media reports.

Removal of regulatory duty will reduce the cost of doing business and bridge the gap between production and consumption. With the apparel sector having limited production line due to lack of latest fabric varieties at the local level, the high duties will result in significant decline in the exports of apparel.

In December last year, the Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) also urged the government to relax duties on yarn import to encourage value addition. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Master plan to reshape clothing sector in S Africa

Apparel/Garments | On 25th Jun 2019

Master plan to reshape clothing sector in S Africa

A master plan submitted to the Department of Trade and Industry in...

Pak's pending textile sector refunds Rs 200 bn

Textiles | On 25th Jun 2019

Pak's pending textile sector refunds Rs 200 bn

Pakistan has to pay Rs 200 billion as pending textile sector refunds, ...

Withdraw advance tax on textile machinery import: BTMA

Textiles | On 25th Jun 2019

Withdraw advance tax on textile machinery import: BTMA

The Bangladesh Textile Mills Association recently urged the...

Interviews View All

Top executives, Retailers

Top executives
Retailers

Weak rupee breeds inflation

Mohammad Mamun Ar Rashid, UL VS Bangladesh Ltd

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

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

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Oliver Schmitz,

Oliver Schmitz

Germany-based Gmöhling is a leading manufacturer of aluminium containers...

Pratik Agarwal,

Pratik Agarwal

Breya is a brand of Indo-Western clothes for women owned by ABP Apparels...

Pietro Turrin,

Pietro Turrin

Industrie Tessili Bresciane (ITB) has served numerous industries and...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Tahweave & Garo, Sweta Tantia

Tahweave & Garo
Sweta Tantia

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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


June 2019

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

news category


Related Categories:

Advanced Search