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Teejay see decline in net profit over high cotton prices, taxes

Teejay Lanka Plc a Sri Lankan export fabric maker are facing decline in the Net Profit due to the challenges…

7 years ago

Indonesian textile sales to rise by 10pc this year with focus on ecommerce

With growing number of Indonesian textile companies using e-commerce system or online sales has given rise to optimism in the…

7 years ago

Pakistani textile exporters allowed duty drawback of taxes

The Pakistan Ministry of Textile Industry under the prime minister's package of incentives has allowed duty drawback of taxes for…

7 years ago

Egyptian garment and textile exports may take time to see surge in sales

Egypt’s biggest manufactured exports are garments and textiles. The industry suffered badly since the central bank began pegging the pound…

7 years ago

Pak govt on import of textile waste used as raw material collects 22pc tax

Pakistan’s spinning mills importing fabric waste are forced to pay 17% sales tax and 5% withholding tax at the import…

8 years ago

Tax concessions to help revive yarn units of Punjab and Haryana

Buying of cheaper cotton yarn by fabric and garmenting units located in Ludhiana and Gurgaon from other parts of India…

8 years ago

PCGA opposes waiving off RD, tax on cotton import from India

Pakistan Cotton Ginners Association (PCGA) has strongly demanded that regulatory duty, sales tax and customs duty on the import of…

8 years ago

Retail garment traders protest against hike in VAT and entry tax

Most retail garments shops in commercial hubs such as Khetan Market, Hathuwa Market, Patna Market and others were closed on…

8 years ago

Sales to Asian markets help Ciel Textile achieve 27pc rise in profit

Mauritian clothing manufacturer Ciel Textile has reported a 27% rise in full-year pretax profit to 827.20 million rupees ($23.31 million),…

9 years ago

Increase in import of branded shirts in pieces into Kerala to evade tax

Recently, the Vigilance and Anti-Corruption Bureau (VACB) probed why readymade shirts were shipped into Kerala in parts. There is a…

9 years ago