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2016-08-13 12:00:00
Aptma urge govt to enable textile industry undertake $1b investment yearly
All Pakistan Textile Mills Association (APTMA) Punjab chairman Aamir Fayyaz pointing out that the textile and clothing exports of Bangladesh and Vietnam have registered an increase of $2 billion and
2016-04-21 13:00:00
Pvt cos exempt from withholding VAT at source under new VAT law
Currently, all limited companies have to deduct VAT at source while receiving supplies and deposit the money with the exchequer as per the VAT law 1991. But the new VAT law allows only public
2016-03-01 17:30:00
Ludhiana garment industry likely to come under the excise net
The garment manufacturing industry in Ludhiana unhappy with the third budget of the NDA government as it has imposed a two percent excise duty on branded readymade garments having retail price of
2016-02-16 17:30:00
Cotton output shortage to affect textile exports of Pakistan
Pakistan cotton crop for the year 2015/16 due to its sharp reduction in output, textile manufacturers are anticipate serious affects on export activities for which they demand for an immediate tax
2016-01-25 11:00:00
AEPC urge textile ministry to simplify new FTP rules
The Apparel Export Promotion Council (AEPC) has urged the textiles ministry to simplify the new foreign trade policy’s authorization, inspection and classification norms. Among their requests
2016-01-12 17:00:00
Weakening yuan likely to create threat to Indian apparel exporters
India has its strength in the value-added, hand-embodied, casual fashion garments consisting of small orders, whereas China has its strength in high value, basic garments. The depreciation of Yuan,
2016-01-02 15:00:00
TN power loom units demand reduction of VAT on cotton yarn
The Central Sales Tax on the yarn is two percent, while in Tamil Nadu; the Value Added Tax (VAT) is five percent on cotton yarn. Further, fabric is exempted from VAT here. With the high VAT rate on
2015-10-23 17:00:00
Sri Lankan clothing industry has potential to capitalize further growth
The Sri Lankan clothing industry has been a pioneer in adopting environmentally friendly manufacturing and waste management methods in order to improve its market image—at a time when the
2015-09-14 10:00:00
Indian textile sector wants govt to provide conducive environment
The Indian textile industry wants the government to create a conducive environment as they see a revival of demand in Europe and US markets by the end of this financial year for which the sector is
2015-06-18 11:00:00
Texprocil urge to include exports of value added products to African countries in new FT Policy
In the new Foreign Trade Policy 2015-20 all benefits on exports to African countries has been removed. According to the Cotton Textiles Export Promotion Council (TEXPROCIL) a textile industry body,
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