Textile industry joins hands to shield zero rating regime
Textile industry, across the board, has joined hands to shield zero rating regime while suggesting the government to impose Reformed General Sales Tax on retail consumption of textile goods instead of expanding it to the whole value chain.
Woven garment exporters are facing acute liquidity crunch, as payment of billions of rupees is stuck up with the government departments on account of rebate, customs drawback and sales tax refunds, said Chairman Pakistan Readymade Garments Manufacturers & Exporters Association North Zone, Mubashar Naseer.