Textile sector: Revision in incentive policy lauded

MULTAN: Parliamentary Secretary for Ministry of Science and Technology Malik Abdul Ghaffar Dogar assured local businessmen and value-added sector of addressing their grievances on a priority basis, while addressing a reception hosted by the All Pakistan Bedsheet and Upholstry Manufacturers Association (APBUMA).



APBUMA Chairman Syed Muhammad Aasim Shah proposed the government to release funds to the central bank for immediate payment of duty drawback of taxes to the exporters as the immediate payment of all outstanding refunds of sales tax ‘could save the industry’.

Shah said that the value-added textile sector appreciates the government for accepting its genuine demand to provide 50% of the export package’s incentive for eligible textile and non-textile sectors on the same terms as for the period from Jan to June, 2017 without condition of increment.

Published in The Express Tribune, November 1^st, 2017.

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