Tag: APTMA

  • Exporters missing shipping deadline due to strike

    Exporters missing shipping deadline due to strike

    KARACHI: All Pakistan Textile Mills Association (APTMA) on Wednesday said exporters are missing shipment deadline due to transporters’ strike.

    The APTMA in a statement said that the recent strike by the transport sector is going to impact exports significantly as there are no empty containers are available in upcountry for exports.

    APTMA spokesman said that as a result of unavailability of empty containers in upcountry due to strike of transport sector, exporters are missing shipment deadlines.

    One additional factor that is a major cause of the scarcity of containers is the large number of orders that have been received from China after the effectiveness of the Phase II of the Free Trade Agreement between China and Pakistan.

    APTMA Spokesman further said that even if the containers were to be dispatched from Karachi today they would take 3 days to reach upcountry where exporters have already have had 2 days without containers; effectively a further week of exports would have been delayed/lost.

    Under these circumstances, we request the government to take immediate action for resolving the issue so that no more exporting deadlines are missed.

  • Export commitments to be missed on gas supply curtailment: APTMA

    Export commitments to be missed on gas supply curtailment: APTMA

    KARACHI: All Pakistan Textile Mills Association (APTMA) in a statement on Thursday said that industries will fail to meet export commitments due to 50 percent reduction in gas supply.

    Zahid Mazhar, Chairman, APTMA, Sindh-Baluchistan Region demanded the government to restore full supply of gas to the industries located in the province of Sindh and Balochistan as the industries in these province can’t operate and fulfill their export commitments at 50 percent load supply.

    Mazhar said that the province of Sindh and Balochistan are producing about 84 percent of the system gas and consuming only 39 percent of the gas produced in the country, even then the industries of Sindh province are denied of their Constitutional Right guaranteed by the Constitution of Pakistan.

    He said that the gas being produced in Sindh should first be supplied to the province and only after fulfilling the requirement of Sindh and Balochistan, surplus gas should be passed on to the other provinces in line with Article 158 of the Constitution of Pakistan.

    Mazhar further said that the textile industry units located in the province of Sindh are mostly export oriented units and these units attract priority in the allocation of energy including gas supply.

    As this is the peak season and any disturbance or short supply of gas would affect the timely shipments of export commitments resulting in not only decline in export earnings and loss of foreign buyers of textile products of Pakistan but would also result in decline in production and revenue of the government.

    He said that the curtailment in gas supply by 50 percent in addition to low gas pressure has completely disturbed the production-lines, resulting in decline exports and causing damages to industry’s costly plants and equipments.

    He further said that curtailment in gas supply is against the assurance given by the present government of Imran Khan of continuous and uninterrupted supply of energy both gas and electricity specially to the export oriented industry like textiles which is earning more than sixty percent of the much needed foreign exchange through exports.

    It is also against the government policy of industrialization and export led growth, he added.

    He said that the curtailment in gas supply by 50 percent to the Sindh and Balochistan based industry that makes about 52 percent of the country’s total exports is resulting in loss of foreign exchange and revenue.

    He said production of export oriented industries has shrunk since the export sector has been compelled to work for 50 percent of its capacity.

    In other countries governments give priority to their export oriented industry in supply of gas and energy, whereas domestic and commercial sectors are provided with LPG or LNG. On the contrary in Pakistan, our precious natural gas is being supplied to domestic and commercial sectors at the cost of industries.

    Mazhar urged the Federal and Provincial Governments and the gas utility to look into this issue on urgent basis and to ensure continuous and uninterrupted gas supply otherwise the industries would be compelled to close their operations which will create not only irreparable losses to the economy of Pakistan but would also create law & order situation due to unemployment of large number of workers employed in these industries.

  • Hafeez Shaikh directs FBR to simplify Form-H within a week, expedite sales tax refund payment

    Hafeez Shaikh directs FBR to simplify Form-H within a week, expedite sales tax refund payment

    ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and Revenue, on Tuesday directed Federal Board of Revenue (FBR) to simplify form-H within a week and expedite payment of sales tax refunds.

    He gave the instruction during a meeting with the office-bearers and members of All Pakistan Textile Mills Association (APTMA).

    Adviser to the Prime Minister on Institutional Reforms & Austerity Dr Ishrat Hussain, Adviser to Prime Minister on Commerce, Textile, Industry and Production Abdul Razak Dawood, Chairman Task Force on Textile Ali Habib, Chairman FBR Syed Shabbar Zaidi, former finance minister Shaukat Tareen and Secretary Finance Naveed Kamran Baloch were also present among others.

    Dr Abdul Hafeez Shaikh told the exporters that the government was not at all interested in keeping their money held up for any length of time and the government was willing to listen to and accommodate any solution or recommendations from the exporters to simplify the H-Form and ensure a prompt payment of sales tax refunds to them.

    He also directed the FBR to expedite the payment of nearly Rs 10 billion worth of customs duty drawback to the exporters.

    FBR Chairman Shabbar Zaidi told the meeting that FBR had so far received claims for sales tax refunds to the tune of Rs 10.14 billion pertaining to the period from July to October 2019 and cases amounting to Rs 8.02 billion had already been processed for payment out of which 1604 cases has been accepted for payment which would be made at the earliest.

    Earlier, the APTMA leaders and members told the Adviser they were happy and satisfied with the documentation drive of the government and wanted to process their claims for sales tax refunds through the newly-introduced Form-H.

    They said they had formulated their recommendations to further simplify the Form-H in view of certain problems being faced by them in filling out the form.

  • APTMA praises policies to make textile industry viable after 10 red years

    APTMA praises policies to make textile industry viable after 10 red years

    KARACHI: As a result of the progressive policies and personal interest of the Prime Minister especially by providing regionally competitive energy tariffs the textile industry has become viable after remaining in the red for 10 long years, All Pakistan Textile Mills Association (APTMA) said in a press release on Wednesday.

    The textile industry has achieved a record increase of 26 percent growth in quantitative terms although this did not directly reflect in the dollar amounts due to a substantial worldwide decrease in textile prices.

    However if this 26 percent increase in quantity had not been achieved the exports would have been less than $ 8.5 billion, the international prices have now recovered. As per records, profits of the companies were over 5 percent.

    The companies have posted a turnover of $ 16 billion out of which $ 13.3 billion was exported and $ 2.8 billion were sold in the domestic market.

    Industry has contributed to the exchequer through income tax of Rs. 40 billion as well as various other indirect taxes and levies of over Rs. 35 billion. The importance of the industry can be assessed from the fact that it also employs over 10 million workers with many more dependents.

    As a result of the confidence reposed by the Prime Minister in the industry and the appointment of a dedicated Task Force to not only formulate but ensure implementation of a progressive textile policy, Industry is all poised to take off and double exports in the next four years. Industry as a result of the profits posted has strong balance sheets and an equity fund of US $ 1 billion earned directly from the international market. These funds can be leveraged to invest at least $ 4 billion in the next year alone.

    “We profusely thank the Prime Minister for having taken personal ownership and stewardship of the industry and chaired over a dozen meetings with the industry during this last year to resolve their issues,” the association said.

  • Textile mills demand uninterrupted gas supply for achieving export target

    Textile mills demand uninterrupted gas supply for achieving export target

    KARACHI: Textile mills have demanded federal and provincial government to ensure uninterrupted gas supply for achieving exports target.

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  • APTMA demands release of RPOs before issuance of promissory notes

    APTMA demands release of RPOs before issuance of promissory notes

    KARACHI: All Pakistan Textile Mills Association (APTMA) on Thursday demanded the Federal Board of Revenue (FBR) to release all Refund Payment Orders (RPOs) before issuance of proposed promissory notes.

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