APTPMA has demanded that textile exporters that fall under final
tax regime u/s 143(b) and should be exempted from payment of WHT
and be given exemption certificates. The exemption would yield
benefit for export boosting and also lower workload on FBR.
KCA Chairman has said that the export-oriented textile industry
was facing a worst-ever liquidity crisis due to the drastic
slowdown of domestic as well as international markets and delay
Abdul Razak Dawood has said that the country’s export target of
US $ 25 billion could not be achieved due to the ongoing
situation of lockdown in the country and it could decline to
more or less to the US $ 22 billion.
Cotton Growers and industrialists have appealed to the Economic
Coordination Committee (ECC) of the cabinet to revisit the
decision of turning the down support price of cotton.
The Economic Coordination Committee (ECC) recently approved a
multi-billion agriculture package to provide the farmers with
subsidy on fertilizers, cottonseed, and whitefly pesticides;
reduce bank markup on agricultural loans, besides giving sales
tax subsidy on locally manufactured tractors.
In April 2020, textile exports declined 65% to $404 million
against exports of $1,138.35 million in the same month of the
previous year. The Textile Association also urged the government
to take serious measures to overcome the liquidity issues of the
The government has asked the textile exporters to take full
advantage of the new business opportunities as the west is
slowly opening up in terms of economic activities. There are
trickles of orders coming in different segments and would likely
take the industry where it was before the coronavirus.
Chief Coordinator PRGMEA has said that the garment industry is
receiving international inquires about the production of masks
and personal protective equipment (PPE). He said it is high time
that we switch over the production to PPE to capture the
demanding market share.
According to the industry officials, apparel sector faces a cash
crisis and is on the verge of disaster due to the imposition of
17 percent sales tax in the last budget, whereby liquidity worth
billions of rupees has been stuck with the government.
Readymade Garments exports during the first ten months of the
current financial year grew by 2.06% as compared to the exports
of the corresponding period of last year. During the period from
July-April 2019, Readymade Garments worth $2,231,915 thousand
exported as compared to the exports of $2,186,902 thousand of
the same period of last year.