Textile exports tend to fall in July as exporters try to increase exports in the closing month of earlier fiscal year

Related Keywords: bales of cotton, competition in the international market, cotton, High quality raw material, impact of rupee depreciation on the textile industry, imported by brands, national exports, Textile, textile exports, textile group, textile producers

Karachi
Summary: 
All Pakistan Textile Mills Association (Aptma) Patron-in-Chief Gohar Ejaz said the government had recently halved tax rebates that stood at 4-7% and thus things turned unfeasible for textile producers. Ejaz said Pakistan had only adjusted its exchange rate by letting the rupee weaken, but it won’t impact national exports. He said that the rupee had been artificially stabilised at Rs 105 per dollar for the past five years.

All Pakistan Textile Mills Association (Aptma) Patron-in-Chief Gohar Ejaz said the government had recently halved tax rebates that stood at 4-7% and thus things turned unfeasible for textile producers. Ejaz said Pakistan had only adjusted its exchange rate by letting the rupee weaken, but it won’t impact national exports. He said that the rupee had been artificially stabilised at Rs 105 per dollar for the past five years.

https://tribune.com.pk/story/1785583/2-textile-exports-drop-16-rebate-reduction/
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