Chairman Ammar Saeed said value added textile sector offers
great potential for earning foreign exchange. He urged the
government for immediate release of blocked refunds to enable
the textile exporters to retain their hard earned export markets
at this time of tough competition.
Pakistan Textile Exporters Association has stressed for the
continuation of Duty Drawback of Taxes for further three years
to boost the value added textile exports and uplift the economy.
DDT incentive has positively impacted the textile exports, which
recorded a 7.7% growth year-on-year to US$ 9.99 billion in the
first nine months of 2017-18.
Research and Development Department of Federation of Pakistan
Chambers of Commerce and Industry (FPCCI) has identified various
problems being faced by textile sector including high cost of
doing business, approximately 11% multiple taxes and surcharges.
4. The All
Pakistan Textile Mills Association (APTMA) has rejected the
textile package extended by the previous government, saying that
would reverse the 15% exports growth. The previous government
had also assured that rebate would be offered on indigenous
materials, the extended package offers benefit on Indian
Pakistan’s export growth is being hindered by high cost of
business and issues of market access and exchange rate, but the
government has been working on a five-year strategic trade
policy framework to resolve these problems, said Commerce
Secretary Younus Dagha.
and its subsidiaries, For.Tex. and Fratelli Robustelli, have
appointed The Textile Engineers of Pakistan (TEP) to drive Monna
Lisa digital textile printer expansion in the Pakistan market.
The partnership main objectives to assistance throughout the
production cycle that includes print heads, inks, products for
pre and post-treatment up to mechanical assistance.
stakeholders have been left disappointed with the recent budget
unveiling, calling it insufficient and inadequate to address the
sector’s woes. The major demands of the All Pakistan Textile
Mills Association (APTMA) have remained a wish-list as the
expected relief in rising cost of production and pending sales
tax issues still remains elusive.
previous government of Pakistan Muslim League-Nawaz (PML-N) has
not proved beneficial for cotton farmers as the commodity’s
production has recorded a drastic fall because of what many say
the ruling party’s primary focus on pro-industry policies, says