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2016-04-02 14:00:00
Punjab govt finally announces reduction in VAT rate on yarn to 3.63pc
The Punjab Government has finally announced reduction in VAT rate on all kinds of yarn except polyester filament, from 6.5pc to 3.63pc. In this regard, the excise and taxation department issued a
2016-02-26 16:00:00
Pakistan govt to release Rs5mn refunds to exporters from March
Commerce Minister Khurram Dastgir Khan informing the National Assembly (NA) said that the refunds issue of exporters would be resolved very soon as the government would release Rs5 million refunds
2016-02-11 14:00:00
Centre notifies new changes in DBK scheme to boost exports
The Centre has notified certain changes in the all industry rates of duty drawback effective from 11th Feb 2016. These changes announced by the Centre in DBK scheme will help boost exports.
2015-10-18 13:00:00
Pakistan govt to impose 10pc regulatory duty on yarn, fabric import from Nov 1
After a meeting between Finance Minister Ishaq Dar and a delegation of the All Pakistan Textile Mills Association (APTMA) led by its Chairman Tariq Javed on Saturday, announced the decision of
2015-04-02 17:00:00
APTMA expresses grief over inordinate delay in TUFS notification
As the Pakistan federal government withheld the notifications of initiatives under the Textile Policy 2014-19 to avail of the terms of Technology Upgradation Fund Scheme (TUFS), the All Pakistan
2015-01-31 15:00:00
Pakistani value-added textile sector in immense problem as Rs 205 bn refund claims stuck up with FBR
Pakistan value-added textile sector hamstrung by cash crunch as more than Rs 205 billion refunds has been stuck up with the government. Federal Board of Revenue (FBR) still withholds more than Rs 13
2015-01-15 14:00:00
Pakistan textile industry seek full refund of export tax rebates asap
Pakistan government is yet to clear refunds worth Rs50 billion for textile exporters under the duty drawback scheme, accumulating till October 2014. The delay in releasing the outstanding tax and
2014-07-07 22:45:00
Pakistan garment sector faces liquidity crunch due to blockage of refund claims
Pakistan garment sector that exports more than 80 per cent of their merchandise, are facing liquidity crunch due to its huge capital stuck-up by the FBR. Although the FBR’s software system of
2014-02-06 00:00:00
RTO all set to release pending refund claims of textile exporters
Chief Commissioner Inland Revenue Faisalabad Shaukat Mahmood during a meeting at Pakistan Textile Exporters Association (PTEA) on Wednesday said that Regional Tax Office (RTO) have geared up its
2014-01-06 11:00:00
PTEA demands immediate release of exporters' refund claims
Pakistan textile exports in quantity and value terms have been unsuccessful in gaining momentum and have remained below the desired level. Moreover, huge amounts for its exporters stuck in refund
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