Tag: APTMA

Aptma opposes withdrawal of zero-rating facility for textile sector

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article image LAHORE: All Pakistan Textile Mills Association (APTMA) has urged the government to immediately remove four percent customs duty and five percent sales tax on the import of cotton in order to enable the spinning industry function properly. "The destruction of local industry is not in the interest of growers as well as the downstream sector, and such temporary benefits will result in long-term losses," APTMA chairman said in a statement issued on Wednesday. He said the export…Read More

APTMA seeks remedial steps to meet textile export target

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article image STAFF REPORT ISB: Pakistan textile industry is impaired due to heavy taxes and surcharges, rendering it uncompetitive compared to regional economies. Other irritants include energy tariff, under utilization of power generation capacity and energy shortage, says a research report prepared by the APTMA.The export sector is subject to five percent duties, taxes and surcharges, while competitors in India enjoy tax-free regime on exports of textile products, while in Bangladesh and China,…Read More

APTMA seeks remedial steps to meet textile export target

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article image STAFF REPORT ISB: Pakistan textile industry is impaired due to heavy taxes and surcharges, rendering it uncompetitive compared to regional economies. Other irritants include energy tariff, under utilization of power generation capacity and energy shortage, says a research report prepared by the APTMA. The export sector is subject to five percent duties, taxes and surcharges, while competitors in India enjoy tax-free regime on exports of textile products, while in Bangladesh and China,…Read More