PAKISTAN’S DENIM SEGMENT PLANS TO BOOST COUNTRY’S WEAKENED TEXTILE INDUSTRY
October 1st, 2016
PAKISTAN’S denim export industry hopes that help for the textile announced by the government in February (exemption from paying sales tax and payment of long overdue tax refunds) and in a meeting with industry leaders in September (a promised reduction in energy costs) will boost this promising segment.
“The government has included textiles in five exporting sectors which are exempted from sales tax, so this is a big relief,” Mirza Ikhtiar Baig, chairman of Pakistan Denim Manufacturers and Exporters Association, told WTiN.
The imminent anticipated release ...
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