Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: According to the most recent data released by PBS (Pakistan Bureau of Statistics), the textile exports sector faced a significant decline of approximately 11% year-on-year (YoY) in July 2023,…
KARACHI: Pakistan’s cotton industry is on the upswing, as favorable weather conditions and increased planting efforts have generated a wave of positive sentiment, countering the challenges of last year’s catastrophic…
As per the data reported by PBS, textile exports declined by ~14% in 10MFY23 to stand at US$13.7bn vs. US$15.9bn in SPLY. The slowdown is mainly attributable to global recession…
EXPORT-ORIENTED INDUSTRIES DEMAND IMMEDIATE WITHDRAWAL OF SUPER-TAX: Unjust and uncalled-for imposition of 10 percent super-tax, in addition to all multiple levied taxes, is highly disastrous for export-oriented industries which have…
KARACHI: Pakistan’s textile exports remained stagnant in December 2019, crawling up by only 0.4% to $1.142 billion from $1.138 billion in the same period last year. Looking at specific sub-categories…
KARACHI: Pakistan’s textile and clothing exports recorded 2.9 percent year-on-year surge to $1.090 billion in February 2019, taking the eight-month (July-February FY19) exports to $8.9 billion up 1.38 percent, as…
KARACHI: Government of Pakistan is considering to remove custom duty, additional custom duty and sales tax on import of cotton with a view to facilitate export oriented value added textile…
KARACHI: Exports of textile and clothing products recorded a 0.12 percent decline year-on-year to $1.13 billion in October 2018, while on month-on-month basis, textile sector exports recorded a growth of…
KARACHI: Dr. Muhammad Irshad, Chief Commissioner Large Taxpayers Unit (LTU) visited all Pakistan Textile Mills Association (APTMA) Principal Office in Karachi and discussed the issues relating to pending refund claims…