Exporters also fear about fate of other refunds of income tax, customs rebate, duty drawback as Govt. still has not released billions of rupees, GOP must clear refunds in one go or reduce GST from 17% to 4% or restore Zero-Rating reinstating SRO 1125

Textile Exporters are annoyed and distressed in the wake of highest ever liquidity crunch being faced due to imposition of 17 percent GST whose refunds are excessively delayed by the Government without any justification which has caused hurdles in export production. Anti-Export moves of the Government in the hands of… Continue reading

Textile Exporters perturbed over unreasonable delays in refunds and demand to restore GST Zero-Rating or reduce GST from 17% to 4% or make full upfront payment on submission of GD: CH. SALAMAT ALI

Textile Exporters are highly perturbed over excessive and unreasonable delays in GST refunds which has been continuously causing liquidity problems from July 2019 when 17% GST was imposed by the Government in the previous budget despite of stiff resistance from Five Zero-Rated Export sectors. In view of ill experience during… Continue reading

Textile Exporters fear GoP could not release refunds in FY20-21 and deliberating to operate or close their industries: BILWANI

Textile Exporters are fearing that Government in FY2020-21 would not be a in a position to refunds of 17% sales tax to exporters as well as customs rebate, duty drawback as of today a huge amount of worth billions of rupees of exporters is still stuck up with the Government… Continue reading

Textile Exporters fear GoP could not release refunds in FY20-21 and deliberating to operate or close their industries: BILWANI

Textile Exporters are fearing that Government in FY2020-21 would not be a in a position to refunds of 17% sales tax to exporters as well as customs rebate, duty drawback as of today a huge amount of worth billions of rupees of exporters is still stuck up with the Government… Continue reading

Textile exporters urged the Prime Minister to restore the “zero-rating on sales tax -No Payment No Refund Regime”

The textile exporters have urged the Prime Minister to restore the “zero-rating on sales tax – “No Payment No Refund Regime” by revival of SRO 1125” for the export-oriented sector. The textile exporters said due to the withdrawal of zero-rating, the entire textile industry has suffered a severe setback, with… Continue reading

In budget GOP must act upon the suggestions of Textile Exporters instead of Financial Managers whose unrealistic advisories were flopped in FY2019-20 

Government’s Economists & Financial Managers expertise and knowledge have failed due to lack of practical exposure towards the industry and businesses as well as recession caused by pandemic like COVID19. The unrealistic and inconsequential measures taken in the last budget have brought devastating effects on the Value-Added Textile Export Industry… Continue reading

Export industry perturbed over rupee devaluation; demand a workable strategy

KARACHI: The export-oriented value-added textile sector has flayed the sudden devaluation of Pak rupee stating such exorbitant devaluation will increase the import bill of the country and open floodgates of inflation for the masses. Pak rupee devalued by around 6.0 percent in early hours of the interbank market on Friday… Continue reading