KARACHI: Textile millers on Wednesday strongly rejected the shortage of cotton yarn claimed by Pakistan Hosiery Manufacturers Association (PHMA) and Pakistan Textile Exporters Association (PTEA) and their proposal of allowing import of cotton yarn from India. Zahid Mazhar, Sr. Vice Chairman, All Pakistan Textile Mills Association (APTMA), while commenting on the statements of PHMA and […]
ISLAMABAD: Federal Board of Revenue (FBR) in compliance with the government decision has withdrawn five percent regulatory duty on import of cotton yarn. The FBR issued SRO 1352(I)/2020 dated December 23, 2020 to amend SRO 680(I)/2019 dated June 28, 2019 to withdraw the regulatory duty on import of cotton yarn till June 30, 2021. The […]
ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday approval removal of 5 percent regulatory duty on import of cotton yarn. The Ministry of Commerce presented a proposal before the ECC regarding removal of 5 percent regulatory duty on import of cotton yarn till June 30, 2021. After detailed discussion, the chair approved the removal of […]
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday urged the government to declare cotton emergency in order to increase the crop size. Mian Anjum Nisar, President FPCCI in a statement said that in order to increase the crop size in the coming years the government should declare cotton emergency and take […]
ISLAMABAD: Federal Board of Revenue (FBR) has made sales tax registration mandatory for persons buying ginned cotton. The FBR issued SRO 1087(I)/2019 and said that the person receiving ginned cotton shall pay sales tax and shall discharged the liability in the following manner: (a) the recipient of the supply of ginned cotton shall be duly […]
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved imposition of 10 percent regulatory duty on import of cotton. The decision has been taken on a summary moved by the Ministry of National Food Security and Research. The ECC which met with Dr Abdul Hafeez Shaikh, Advisor to the Prime Minister on […]