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2016-03-18 17:00:00

Punjab reduces VAT to 3.63pc on cotton yarn and cloth

Local yarn industry was not able to compete with outside industries as there tax structure on yarn is in the range of 0-2 percent very low compared to the tax structure of Punjab. With the Punjab

2016-03-16 17:00:00

Yarn industry welcomes reduction of Vat proposed in state budget

The cotton spinning industry welcomes reduction of VAT on cotton and other yarn from 6.05% to 3.63% in the state budget proposed on Tuesday. The spinning industry was facing tough times in Punjab

2015-11-23 12:00:00

Punjab spinning industry pushed in crisis due to difference in VAT rate

Spinning mill owners of Ludhiana demand level playing field with their counterparts in other states as the spinning industry of Punjab is dying and already in huge debts, units are closing down owing

2015-02-05 16:00:00

Punjab yarn industry seeking reduction in VAT rate on yarn on priority basis

Punjab yarn industry are losing out to cheap yarn coming from other states, making a serious dent on their business volume. After state government rolled back controversial E-Trip system, yarn makers

2015-01-13 17:00:00

Govtâ€™s decision to impose entry tax on yarn puts industry in a dire straits

The Punjab government has apparently decided to impose Non-Vatable Entry Tax on yarn being brought in from other states, including Uttar Pradesh, Himachal Pradesh and New Delhi. As there were

2017-01-18 11:00:00

Pakistan textile units due to high cost of utilities relocating

The National Assemblyâ€™s Standing Committee on the Textile Industry was informed by the representatives of the value-added textile sector on Tuesday about a number of factors that have put the

2016-03-10 12:00:00

Pakistanâ€™s three textile groups to invest heavily in setting up denim units

Pakistan's top three textile groups seeing the availability of Re-gasified Liquid Natural Gas (RLNG) from the month of March onward have invested heavily on setting up denim units. Fresh investment

2015-10-27 17:00:00

Anti-dumping duty imposed on various polyester yarn evoke mixed response

The Government of India on the recommendation of the Directorate General of Anti-dumping and Allied Duties have imposed anti-dumping duty on import of various polyester yarns from China and Thailand

2015-10-08 15:30:00

APTMA demands putting import of Indian textile good on negative list

All Pakistan Textile Mills Association (APTMA) concern over the unchecked onslaught of imported and smuggled textile goods has created a crisis situation in the textile industry has demanded of the

2014-03-18 12:45:00

Spinners, garment manufacturers strongly discord over duty on yarn imports

The Pakistan spinners and garments manufacturers both having strong line of reasoning to support their positions over the duty on yarn imports the ministry is left to find a solution somewhere in the