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PRGMEA for earliest implementation of textile package

byCT Report
27/11/2017
in Business
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KARACHI: Pakistan Readymade Garments Manufacturers and Exporters Association’s Central Chairman Shaikh Mohammad Shafiq has demanded early resolution of the issues being faced by this important value-adding textile sector.

“We are continuously demanding for the extension of time bared cases as the same relaxation was given to non-textile sectors. We also demand for the earliest release of DDT incentive to exporters, as well as other stuck amount of the exporters in DLTL, R and D, sale tax and custom rebate. But, the response is still awaited,” PRGMEA Chief said in a statement here on Monday.

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He said PRGMEA also urged the immediate implementation of new textile package, which was announced in mid of October. This package was for the shipment from July 2017 to June 2018. Almost six months had passed since the announcement yet it was not implemented, he maintained.

The exporters included this 3.5% incentive in their cost, and were worried of bearing big loss if the Government do not give them the amount in the package. Shaikh Mohammad Shafiq pointed out that relief to the textile sector meant the relief to the people of Pakistan as the textile sector employed about 38 percent of Pakistan’s total labor force.

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