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Aptma demands zero-rating regime

byCustoms Today Report
17/08/2015
in Business
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LAHORE: The textile millers have criticised the Ministry of Water and Power for ‘destroying’ the industry, by recovering line losses them.

The All Pakistan Textile Mills Association (Aptma) spokesman, in his statement, said that the ministry should fulfil the millers demand for zero rating regime, as the export-oriented industry enjoys zero rating regime everywhere in the world.

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The Aptma spokesman further stressed that the regional tariff for Industry was 7 cents or Rs7 per unit while in Pakistan the Ministry of Water and Power has increased it from 9 cents to 14 cents or Rs14 per unit by enforcing Tariff Rationalisation Surcharge and levies of Rs3.74, which is actually the theft recovery surcharge from the honestly paying consumers and the industry.

“The export data for the July 2015 has ratified the industry concern, as the exports have declined by 20 percent month-on-month basis, which means two million textile workers would be jobless sooner than later” he added.

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