President Nasr of the Pakistan North Assembly of PRGMEA said on Monday that orders such as the transfer of China from cost increases, the most likely trade concessions between Europe and the United States, and the recovery of the world economy, etc. Factors require government policy makers to have a proactive textile industry approach.
This is what Nasr said at a press conference when the Executive Committee of the North Branch of the Costume Assembly and Exporters Association of Pakistan’s Clothing and Exporters returned from abroad.
Nasr said that this year, Bangladesh's woven apparel industry grew by 42%, while Pakistan's woven apparel industry's exports fell by about 40%, so the government policy makers need a more friendly attitude.
Nasr said that the government should implement a tax refund to the value-added department in accordance with the provisions of the 2009 tax levy plan. In the same vein, he stressed that the fiscal tax rebate plan for fiscal year 2011-12 should also be guaranteed by the relevant legislators so that it can maintain the country’s export growth.
It is worth mentioning that the government has formulated a textile policy, which is the first time in the history of the country to formulate such a textile policy, approves a tax rebate of Rs 1.7 billion for the fiscal year 2009-10, and a tax rebate of 270 for the fiscal year 2010-11. Billion rupees.
The former Treasury Secretary Tallinn and the former textile minister Khan have assured on different occasions that the tariff collection and tax refund plan will not be revoked until the end of the textile policy in 2009-2014. However, these promises have not been maintained, which deeply hurt exporters. In the same way, this makes it difficult for exporters to complete the textile export goal of 25 billion U.S. dollars, which cannot be established in the world market. This $25 billion export goal was set by the Ministry of Textiles and is set to be completed in 2014.
Nasr said that so far the government has only allocated 14% of the tax refund claimed for the 2009-11 financial year. During this period, the value-added textile sector’s exports increased by 32% and exports increased by 36%.
Nasr said that if the government fails to formulate an incentive plan to attract buyers, foreign orders may turn to Bangladesh and China.
This is what Nasr said at a press conference when the Executive Committee of the North Branch of the Costume Assembly and Exporters Association of Pakistan’s Clothing and Exporters returned from abroad.
Nasr said that this year, Bangladesh's woven apparel industry grew by 42%, while Pakistan's woven apparel industry's exports fell by about 40%, so the government policy makers need a more friendly attitude.
Nasr said that the government should implement a tax refund to the value-added department in accordance with the provisions of the 2009 tax levy plan. In the same vein, he stressed that the fiscal tax rebate plan for fiscal year 2011-12 should also be guaranteed by the relevant legislators so that it can maintain the country’s export growth.
It is worth mentioning that the government has formulated a textile policy, which is the first time in the history of the country to formulate such a textile policy, approves a tax rebate of Rs 1.7 billion for the fiscal year 2009-10, and a tax rebate of 270 for the fiscal year 2010-11. Billion rupees.
The former Treasury Secretary Tallinn and the former textile minister Khan have assured on different occasions that the tariff collection and tax refund plan will not be revoked until the end of the textile policy in 2009-2014. However, these promises have not been maintained, which deeply hurt exporters. In the same way, this makes it difficult for exporters to complete the textile export goal of 25 billion U.S. dollars, which cannot be established in the world market. This $25 billion export goal was set by the Ministry of Textiles and is set to be completed in 2014.
Nasr said that so far the government has only allocated 14% of the tax refund claimed for the 2009-11 financial year. During this period, the value-added textile sector’s exports increased by 32% and exports increased by 36%.
Nasr said that if the government fails to formulate an incentive plan to attract buyers, foreign orders may turn to Bangladesh and China.
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