Pakistan APTMA Calls For Continued Implementation Of Zero Tariff System For Textile Industry

　　 whole Pakistan The APTMA Association of Changsha (Chad Ali Khan Ali Khan) urges the continuation of the zero tariff system in the textile industry, Shahzad.

In his letter to the standing Finance Committee of the national assembly, he said, industry It is profoundly realized that under the background of total sales tax reform, the negative effects of the zero tax exemption of textile industry will be revoked.

Shahzad said that 85% of the textile products exported in one form or another, and only 15% of the products remained in the country. Market consumption 。 Therefore, the zero tax rate of the entire value chain, from ginning to clothing exports and local supply, is very necessary for maintaining the competitiveness of the international market.

He said that because the spinning mills had to purchase fibers in advance, and the banks set undue restrictions, there were many unregistered small businesses in the textile value chain with tight liquidity. For these reasons, he asked to continue the zero tariff system in the textile industry.

　　 The acting chairman said that the early implementation of the 15% sales tax on the textile industry proved to be a failure. The government had no choice but to restore the zero tariff system of the export oriented enterprises. The government realized that the tax rebate was far greater than the sales tax.