Tag: withdrawal

Aptma opposes withdrawal of zero-rating facility for textile sector

| | No Comments

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