EFP, GIZ to work jointly for the textile sector
KARACHI: The Employers’ Federation of Pakistan and the GIZ of Germany had a very exclusive meeting to discuss a common strategy to highlight the issues faced by the textile sector,…
MEETING WITH ADVISOR COMMERCE ON COTTON YARN AND GAS
The Government, through Presidential Ordinance, must abolish all duties and taxes and allow duty free import of Cotton yarn which is the raw material of value-added textile sector in order…
MR. AHMED CHINOY URGES SINDH GOVERNMENT TO REOPEN OF ALL THE TEXTILE AND ITS ALLIED INDUSTRIES IN SINDH
Mr. Ahmed Chinoy urged Sindh Government to reopen all the Textile and its allied Industries. Pakistan is the 8th largest exporter of textile commodities in Asia. Textile sector contributes 8.5%…
Textile sector facing raw material shortage as imports from China halted
KARACHI: The textile sector, which is getting export orders diverted from China, is facing shortage of raw materials as import consignments are stuck at Chinese ports and prices of locally…
Sales tax increased on finished articles
KARACHI: Finance Bill 2018 proposes that the rate of sales tax on import and supply of finished articles of leather and textile sector is being increased to 9.0 percent. However,…
FIA initiates inquiry into misuse of SRO 1125
KARACHI: Federal Investigation Agency (FIA) – Anti-corruption-circle – has initiated an inquiry regarding misuse of concessionary SRO 1125(I)/2011 and approached Chief Collector Appraisement South seeking complete record of imports on…
Notifications issued to affect PM’s export incentive package
KARACHI: Revenue Division Government of Pakistan has exempted whole of customs duty on several goods imported and used primarily by export oriented textile sector. According to a notification issued on…
Spinning mills entitled to benefit of SRO 1125/2011 rules SHC
KARACHI: Justice Muhammad Shafi Siddiqui of High Court of Sindh decreed two suits in favour of plaintiffs Umer Spinning Mills and Sunrays Textile Mills declaring that the plaintiffs are entitled…
Judgment reserved in suits filed by Umar Spining Mills, Sunrays Textile
KARACHI: Justice Muhammad Shafi Sidsdiqui of High Court of Sindh (SHC) on Thursday reserved order in two identical suits filed by Umar Spinning Mills and Sunrays Textile after a detailed…