• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Pak's pending textile sector refunds Rs 200 bn

25 Jun '19
1 min read

Pakistan has to pay Rs 200 billion as pending textile sector refunds, according to Zubair Motiwalla, chairman counsel of All Pakistan Textile Association, who recently briefed the senate standing committee on finance, revenue and economic affairs. He said kids’ fabrics are being imported from abroad and smuggling and under-invoicing should be stopped.

Textile manufacturers are already paying 16 different taxes, but 17 per cent additional sales tax was imposed on the industry in the Finance Bill 2019, Motiwalla said.

He said the country’s cotton production has reduced from 14 million bales to 10 million bales.

The senate committee recently reviewed the Finance Bill 2019 as well as the clauses proposed by the representatives of different industrial sectors. The senate members also proposed changing several clauses in the Customs Act 1969 and the Sales Tax Act 1990. (DS)

Fibre2Fashion News Desk – India

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search