The Pakistan weavers association said suppliers of goods to textile exporters have been massively impacted due to indiscriminate policies of the government. It added that, while exporters were eligible to import yarn at zero per cent duty and do not need to pay income tax and sales tax, they were subjected to 15 per cent custom duty and income tax.
Asif Siddiq, patron-in-chief of Pakistan Weaving Mills Association informed that due to shortage of cotton and yarn, the Pakistan weaving industry was dependent on imports of yarn from various countries and had to pay import duty on the same.The Pakistan weavers association said suppliers of goods to textile exporters have been massively impacted due to indiscriminate policies of the government. It added that, while exporters were eligible to import yarn at zero per cent duty and do not need to pay income tax and sales tax, they were subjected to 15 per cent custom duty and income tax.#
“This has resulted in indirect exporters being thrown out of the market and so the government needs to immediately create an even playing field between direct and indirect exporters,” Siddiq observed.
“He also added that the much awaited Textile Package to be announced by the government should include these demands,” Pakistan media reported. (AR)
Fibre2Fashion News Desk – India
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