Say document gives discretionary powers to govt officials, which will lead to corruption
The FBR did not support the proposal of exempting the telecom sector from quarterly advance income tax. PHOTO: PID
KARACHI:
Exporters have rejected the draft presented by the Federal Board of Revenue (FBR) for the simplification of export promotion scheme, saying it is going to make the process difficult.
Towel Manufacturers Association of Pakistan Chairman Feroze Alam Lari said that the draft was just like Duty and Tax Remission for Export (DTRE) scheme rules and gave a lot of discretionary powers to government officials, which would open the doors of corruption and create hurdles in the way of manufacturers and exporters.
Social security coverage urged
February 4, 2021
KARACHI: Employers should provide full coverage of social security benefits to their employees to reap the fruit of improved enterprise productivity.
This was stated by Zaki Ahmed Khan, vice president of EFP, while addressing awareness raising meetings with the employers on social security schemes in Sindh.
These meetings were organised by Employers Federation of Pakistan (EFP) in collaboration with ILO at the SITE Association of Trade and Industry and the Towel Manufacturers Association of Pakistan.
Khan said that only 42 percent of the secured workers were covered under the social security scheme and it was the need of the hour that this coverage should be increased so that the scope of benefit provided to workers through employers’ contribution may be widened to the maximum number of eligible workers.
Gas crisis adds to business community’s woes
Industrialists voice concern over govt’s decision to cut gas supply for captive power generation
PHOTO: REUTERS
ISLAMABAD:
Industrialists and exporters have expressed concern over the current gas crisis, warning that the industry will face extreme difficulty in the wake of a ban on gas supply for captive power generation by the general industry from February 1 and by export-oriented sectors from March 1.
“The decision of the Cabinet Committee on Energy (CCOE) appears to have been taken on non-professional advice and without consultation with the main stakeholders, ie businessmen and apex bodies,” said FPCCI President Mian Nasser Hyatt Maggo.
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The volume of Cambodian garment, footwear and travel goods exports dipped 10 per cent in the first 10 months of 2020 over the corresponding period in the previous year. POST STAFF
Asia apparel groups push for better buyers
Thu, 21 January 2021
In a show of solidarity, the Garment Manufacturers Association in Cambodia (GMAC) joined forces with eight competing Asian textile and garment lobby groups to demand better purchasing practices in an industry wrestling with Covid-19 production and supply chain disruptions.
The Sustainable Textile of the Asian Region (STAR) Network is the first inter-Asian network of producer associations of the textile and garment industry, which came together on January 12, marking the start of a new initiative, STAR Network said in a January 18 press statement.