PAKISTAN TEXTILE INDUSTRY DEMANDS EARLY DISBURSEMENT OF INCENTIVES PACKAGE
January 1st, 2018
PAKISTAN'S textile exporters have urged their government to speed up and
enhance a tax incentives package if they are to kick
start the country's ailing textile sector.
The government has rolled out a series of incentives over the past year, including the abolition of a 4% customs duty and 5% sales tax imposed on import of raw cotton announced on January 5 (in force on January 8), meeting a long-standing demand of the textile sector.
This follows the October announcement of a revised export package (updating an original plan unveiled last January – 2017). ...
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