According to World Bank
officials the tax system should be predictable and responsive to
the needs of the private sector. The tax authorities need to
realize that two-thirds of imports are inputs for the
manufacturing sector and therefore tariffs on inputs should be
According to a report
released by Intermarket Securities (IMS), Pakistan’s textile
exports may only fall by 5-10% in the 2021 financial year rather
than the 20% or more that was predicted earlier. The report said
the coronavirus pandemic and its socio-economic impacts have led
to the worst global crisis since the financial crisis of
The Towel Manufacturers
Association of Pakistan has urged the government not to impose
debt servicing surcharge on the industry, especially on the
export-oriented sector, as the textile industry is already
facing a financial problem.
Ijaz Khokhar, who is
also the Regional President of International Apparel Federation
(IAF), said that owing to Covid-19 all trade shows are canceled,
so marketing trends have now moved to Digital Exhibitions.
The cotton sector which
is playing a very important part in the economy and providing
jobs to millions should no more be ignored. Mian Zahid Hussain
said that cotton production is declining since the last few
years and the production for the current year will be eight
million bales against the target of 15 million bales.
The PHMA official
demanded that the government review its decision and restore
zero-rating on GST, no payment no refund system, for the textile
sector or reduce GST from 17% to 4%.
All Pakistan Textile
Mills Association’s (APTMA) Punjab unit Chairman Adil Bashir
recently said frequent power outages, inadequate supply of gas,
and extremely low gas pressure are posing a serious problem for
the manufacturing units in the province.
everyday masks, disinfecting wipes, and surgical gowns are goods
in demand in times of COVID-19. In their manufacture, textile
machines are at the beginning of the production chain.
All Pakistan Textile
Mills Association (APTMA) wrote a letter to Secretary Petroleum
Mian Asad Hayauddin informing about the gloomy picture of gas
availability, saying that COVID-19 had adversely impacted
textile exports, but the industry is on the way to recovery and
unless it is unable to meet the export order deadlines.