1. According to
PRGMEA Chief, Pakistan is facing multiple economic challenges,
including Pak rupee devaluation, slow foreign inflows, depleting
foreign exchange reserves and higher inflation. The new
government needs to seriously address the economic issues that
are due to lower exports and higher imports.
The Pakistan Textile Exporters Association (PTEA) has stressed
for the continuation of Duty Drawback of Taxes (DDT) incentive
for a further three years to boost the value-added textile
exports and uplift the economy.
The huge amount of exporters’ liquidity of billions of rupees in
the form of refunds of sales tax claims, customs
rebate, withholding tax and payments of DDT and DLTL
have been stuck up with the government since last several years,
said Chairman, Pakistan Apparel Forum.
The All Pakistan Textile Mills Association (APTMA) urged the
government to immediately notify the zero-rating facility of
sales tax on import of machinery that expired on June 30 and, as
a result, machinery imported for balancing, modernisation and
replacement (BMR) and for investing in Greenfield projects is
stranded at ports.
The PTEA Vice Chairman Ammar Saeed termed the value-added
textile sector as the backbone of the economy with great
potential for earning foreign exchange and urged the government
for the immediate release of blocked refunds to enable the
textile exporters to retain their hard-earned export markets at
this time of tough competition.
The Senior Vice Chairman PRGMEA Sheikh Luqman Amin said that it
is encouraging that the government has identified the textile
sector as a key priority and is endeavouring to set the right
policies and incentives that encourage private sector investment
in value addition and expansion in a bid to gain wider access to
The Research and Development Department of Federation of
Pakistan Chambers of Commerce and Industry (FPCCI) has
identified various problems faced by textile sector, including
the high cost of doing business, approximately 11% multiple
taxes and surcharges.
Huntsman Textile Effects and ICI Pakistan have entered into a
strategic collaboration under which ICI Pakistan will market and
distribute Huntsman's wide range of high-quality textile dyes,
chemicals, digital inks and services in Pakistan.
The Ministry of Commerce and Textile Industry is offering
multiple training courses in different fields to enhance the
capabilities of its workers to make the sector competitive. The
streams include garments, fashion and apparel, design, cutting
for lingerie, line supervision and knitting machine operation.