Home / Knowledge / News / Textiles / Relax import policies to reap GSP+ gains: PHMA
Relax import policies to reap GSP+ gains: PHMA
16
Apr '18
Courtesy: Lum3n.com from Pexels
Courtesy: Lum3n.com from Pexels
Import policies in Pakistan need to be relaxed as benefits of the renewed generalised system of preferences (GSP) plus status can only be accrued by maximum value-addition in finished products and not be merely exporting raw materials, Pakistan Hosiery Manufacturers and Exporters Association (PHMA) chairman Khurram Anwar Khawaja recently said.

Urging the government to abolish all duties and taxes imposed on polyester yarn so that knitwear and sportswear manufacturers can compete in the international market, Khawaja stressed upon the role of value-added apparel sector to harvest maximum benefits of GSP Plus, according to a Pakistani news agency report.

Raw cotton exports from the country between July 2017 and February this year grew by 38 per cent over the corresponding period in the previous year.

The GSP window led to abundant export orders, which the industry cannot execute if its liquidity problem is not resolved by the government at the earliest.

Anti-dumping duty was also imposed on polyester fully-drawn yarn, which is not manufactured in Pakistan, he added. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Sales tax reduced for Pak textile, leather sectors

Textiles | On 20th Nov 2018

Sales tax reduced for Pak textile, leather sectors

Pakistan’s Federal Board of Revenue (FBR) recently issued procedure...

US may include RMG in revised duty free Nepali items list

Apparel/Garments | On 20th Nov 2018

US may include RMG in revised duty free Nepali items list

The United States is interested to revise the list of Nepali products ...

Courtesy: Microsoft

Information Technology | On 20th Nov 2018

Gap partners with Microsoft for digital transformation

Gap has established a strategic partnership with Microsoft to drive...

Interviews View All

Top executives, Retailers

Top executives
Retailers

Weak rupee breeds inflation

Varinder Singh Jawanda, Trendy Bharat

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

C. Dhandayuthapani, Mag Solvics Pvt. Ltd

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Deepprakash Agrawal,

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Oliver Schmitz,

Oliver Schmitz

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

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

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

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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


November 2018

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

news category


Related Categories:

Advanced Search