Govt initiatives in textile sector help boost exports by APPLast Updated June 22, Owing to prudent economic policies initiated by the PML-N government in all sectors of economy including the textile industrial sectors and as a result of it the textile exports during the period of July-March increased by 8 per cent generally, while exports in all value added categories showed higher increased bed wear by 21 per cent, hosiery by 10 per cent and readymade garments by 9 per cent. The one year performance of the government in the textile sector revealed that disbursements of Rs 3.
PRGMEA urged for increasing ease of doing business, lowering cost of production, paying early refunds to solve liquidity crunch, relaxing import policy for industrial raw material, and equalising the energy tariff across the country, a statement said on Monday.
He said various provincial departments, including EOBI, Social Security, Women Welfare, Environment Department etc were playing a negative role and treating the manufacturers and exporters like criminals.
He asked the government to work on a fast track plan to address energy issues. Priority should be given to the export-oriented garments sector, which was the highest value-added link in the entire textile value chain.
Gas price disparity among provinces is also a source of concern for the textile industry. Requesting duty free import of G3 and G4 type fabric for re-export of garments, the senior vice chairman said the government should introduce a liberal import policy for raw materials for re-export like duty-free import of fabrics and accessories which are not being manufactured in Pakistan.
The government should review its textile policy to remove hurdles hindering exports and to enable the textile sector to attain the targets, it proposed.
All existing loans included part 1 and 2 should be on zero mark-up with allocation on total export performance. The banks should facilitate businesses through lending money on easy terms and conditions. PRGMEA urged the government to continue the sales tax zero-rating facility to five export-oriented sectors in the upcoming federal budget to revive industrial viability.
It has been suggested that the zero-rating should be extended to packing material as well.May 08, · BUSINESS NEWS PAKISTAN BUSINESS NEWS Revenue body sees next target at Rstr. KARACHI, May 7: The Federal Board of Revenue Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) and Pakistan Cotton Fashion Apparels Manufacturers and Exporters Association (PCFA) are unanimous to.
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