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Textile Industry Demands Multiple Reforms in Upcoming Budget The value-added textile exports associations presented their proposals to the Federal Government for Budget 2021-22, demanding that the zero-rating taxation regime is restored and duty drawback of taxes (DDT) are continued. The textile exporters made these demands while addressing a joint press conference at Pakistan Hosiery Manufacturers and Exporters Association (PHMA) House. ALSO READ The textile industry officials also demanded that Technology Up-gradation Fund (TUF) scheme is continued while the final tax is reduced and withholding tax is lowered to 0.5 percent in the budget. The leaders of the associations also demanded that the Export Development Fund (EDF) surcharge be suspended, and the electricity tariff is reduced and fixed in the forthcoming budget.

Tariq munirZubair motiwalaCouncil of all pakistan textile mills associationsTechnology fundExporters associationPakistan apparel forumDevelopment fundFederal governmentPakistan hosiery manufacturersTechnology up gradation fundExport development fundAll pakistan textile mills associations chairmanPakistan apparel forum chairmanJawed bilwaniFinal tax regimeதாரிக் முனீர்