Call to exempt cotton yarn from all duties - Lunar Gaze Lunar Gaze: Call to exempt cotton yarn from all duties
Breaking
Loading...

Responsive Ad Slot

National

History

Call to exempt cotton yarn from all duties

Regional President of International Apparel Federation (IAF) and Chief Coordinator Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz A. Khokhar has demanded the government to exempt cotton yarn from all types of taxes and duties in order to encourage this value-added sector.

May 31, 2020

/ by APP
Snippets: 5/1/11 - 6/1/11

SIALKOT, May 31 (APP): Regional President of International Apparel Federation (IAF) and Chief Coordinator Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA)  Ijaz A. Khokhar has demanded the government to exempt cotton yarn from all types of taxes and duties in order  to encourage this value-added sector. 

Talking to the media here on Sunday, he highlighted the salient futures of PRGMEA budget proposals submitted to the government, and said that apparel industry should be allowed to import fabric under the SRO-492 scheme as the weaving industry of the country was unable to fulfill the growing demand for fashion wear.

"We have suggested in our budget proposals that one window operation should be introduced for replacing lengthy procedures", he said. Under the prevailing circumstances, the PRGMEA suggests that the government should concentrate on formulating aggressive marketing plan for expanding the radius of exports of the country, he said, adding we have to explore non-traditional markets for introducing homemade products in these markets. 

The IAF Regional President stressed the need for transfer of industrial technology (Technical know How) from China and other countries aimed at bringing innovation, improvement in products and production of new products. He further said at this critical juncture, "We are direly needed a stimulus economic plan coupled with relief package by the government to keep the production wheel in full motion to filling the gap caused by COVID-19", he added. Ijaz said, under the circumstances, the government should focus on establishing regional, provincial and central level task force and formulation of sector wise and regional polices which would help the government not only in resolving the problems of exporters but also their needs. Special funds, out of Export Development Fund (EDF) should be allocated for research  and development in accordance with the industrial sectors concerned for bringing innovation and improvement in the standard of products, he added. 

( Hide )
  1. I am happy to find this post very useful for me, as it contains lot of information. I always prefer to read the quality content and this thing I found in you post. Thanks for sharing. garngrossist

    ReplyDelete

Don't Miss
LunarGaze © all rights reserved
made with by templateszoo