Representational pictures. PHOTOS: REUTERS
LAHORE: Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has called for a recovery of the regime without a ‘no payment and no sales tax returns’ rating for export-oriented sectors including textiles for at least one year to sustain the industry amid a liquidity crisis due to the Covid-crisis 19
In his budget proposal sent to the PM’s Advisor on Trade Abdul Razak Dawood, Chairman of the PRGMEA (North Zone) Sohail A Sheikh and Chief Coordinator of Ijaz A Khokhar urged the government to release all non-performing claims of exporters, including weaknesses in taxes and regional retribution (DLTL), tax collection (DDT), customs rebates and sales tax rebates, because the liquidity crisis is a major stumbling block in how to increase exports.
They stated that the clothing industry must be permitted to import fabrics under the SRO 492 scheme, because the Pakistan weaving industry cannot meet the demand for fashion clothing.
Furthermore, Khokhar demanded a one-window operation so that exporters could focus on market research and marketing for their products. He also proposed that cotton yarn, the main raw material for the apparel sector, should be exempt from all duties and taxes to encourage added value.
Published in The Express Tribune, May 31st, 2020.
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