KARACHI: The All Pakistan Bedsheets & Upholstery Manufacturers Association (APBUMA) has urged the government to offer financial incentives to the textile sector in the federal budget. If financial incentives are not given, exports will plummet further, said APBUMA Chairman Syed Muhammad Aasim Shah. He said that cotton, yarn, fabric and made-ups are Pakistan’s major exports and should have zero value-added tax. Moreover he added that energy shortage, rise in fuel prices and increase in power tariffs are further adding to problems faced by textile exporters. According to him, the government failed to settle claims of textile exporters worth Rs12.75 billion under drawback of local taxes and levies.
Published in The Express Tribune, May 10th, 2012.
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