HARD-PRESSED PAKISTAN TEXTILE SECTOR WELCOMES GOVERNMENT TAX BREAKS
January 1st, 2017
PAKISTAN textile executives have told WTiN.com that the announcement of a Pakistan rupees PKR180 billion (USD1.71 billion) support package by Prime Minister Nawaz Sharif has sent positive signals to the country’s ailing textile industry. The industry has been struggling with high energy prices, taxes and import duties on raw materials.
Barring a reduction in energy bills, the government has responded to most major requests for help from the export sector, including abolition of customs duties and sales taxes on imports of cotton, duties on man-made fibres ...
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