KCCI elects office bearers thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
KARACHI: Businessmen Group on Thursday elected senior business leader Jawed Bilwani as vice-chairman of the group, a statement said.Zubair Motiwala, chairman BMG, hoped that Bilwani would continue.
Pakistan s knitted garment exports to rise by 20% knittingindustry.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from knittingindustry.com Daily Mail and Mail on Sunday newspapers.
KARACHI: Textile exporters on Saturday threatened to move their production bases to overseas unless power shortages are resolved in a move to mount pressure for withdrawal a decision to cut gas.
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.
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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.