Tag: APTMA

KARACHI – The All Pakistan Textile Mills Association (APTMA) has strongly urged the federal government to immediately remove yarn and fabric from the Export Facilitation Scheme (EFS), warning that their continued inclusion is severely damaging Pakistan’s domestic textile industry and distorting market competition.

Karachi, January 27, 2025 – The All Pakistan Textile Mills Association (APTMA), Southern Zone, has termed the Economic Coordination Committee’s (ECC) recent decision to increase the gas tariff for Captive Power Plants (CPPs) from Rs. 3,000/MMBTU to Rs. 3,500/MMBTU as disastrous for the country’s textile exports. The textile industry, which accounts for 60% of Pakistan’s total exports, faces significant challenges due to this decision, APTMA emphasized.

The All Pakistan Textile Mills Association (APTMA) has called on the State Bank of Pakistan (SBP) to reduce the benchmark interest rate from the current 15% to 10%, emphasizing that such a move is crucial for revitalizing the economy.

The All Pakistan Textile Mills Association (APTMA) has called on the Federal Board of Revenue (FBR) to revisit the newly proposed customs clearance system in consultation with industry stakeholders. APTMA has emphasized that the changes, if implemented without due consideration, could disrupt industrial operations, hinder exports, and negatively impact Pakistan’s economic landscape.

Karachi, December 9, 2024 – The All Pakistan Textile Mills Association (APTMA), Southern Region, has expressed grave concerns over the widespread misuse of the Export Facilitation Scheme (EFS), which grants exemptions from sales tax and duties on imported cotton and blended yarns. This malpractice is causing severe damage to Pakistan’s textile industry, leading to significant financial losses, widespread unemployment, and closures of domestic manufacturing units.

KARACHI: The All Pakistan Textile Mills Association (APTMA) has called on the government to urgently restore the Export Facilitation Scheme (EFS) to its pre-Finance Act 2024 status, including reinstating zero-rating on local supplies for export manufacturing. APTMA argues that this step is crucial for ensuring a level playing field for domestic manufacturers who have been disadvantaged compared to tax-exempt imported inputs.

Kaan Arshad, Chairman of the All Pakistan Textile Mills Association (APTMA), has vehemently criticized the Federal Board of Revenue (FBR) for its recent mandate requiring textile mills to submit affidavits concerning the tax compliance of their buyers and sellers.