Hosiery manufacturers demand fast release of sales tax refunds
Hosiery manufacturers and exporters have urged the Federal Board of Revenue (FBR) to accelerate the pace of sale tax refund release.
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Tag: Pakistan Hosiery Manufacturers and Exporters Association
PHMA cries foul on gas suspension to textile industry
KARACHI: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) on Wednesday harshly condemned gas utility for abrupt suspension to export sector. In a statement PHMA central chairman Shahzad Azam Khan said that Sui Southern Gas Company (SSGC) without serving any notice and offering any alternate arrangement suspended the gas supply, which is causing severe hindrances in […]
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PSW to link 27 banks for trade facilitation
KARACHI: Naveed Abbas, Additional Director and Chief Domain Officer, Pakistan Single Window (PSW) has said that 27 banks will be integrated with the PSW for the facilitation of import and exports. He was addressing at an orientation session organized by Pakistan Hosiery Manufacturers & Exporters Association (PHMA) on Wednesday. He said that the facility will […]
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PHMA organizes seminar on export facilitation scheme
KARACHI: A seminar was organized by the Pakistan Hosiery Manufacturers and Exporters Association (PHMA) in collaboration with the Federal Board of Revenue (FBR) on new Export Facilitation Scheme 2021 (EFS 2021). The export facilitation scheme was notified through SRO957(I)/2021 dated July 30, 2021. The seminar was organized on Wednesday simultaneously at PHMA House, Karachi, Lahore, […]
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Value added textile exporters demand 50 percent reduction in withholding tax
KARACHI: The association of value added textile exporters on Wednesday demanded to reduce the withholding income tax by 50 percent in order to reduce burden on manufacturers and improve country’s foreign exchange earnings. In a joint press conference, the exporters demanded the government of restoring Zero Rating – No Payment No Refund System, continuation of […]
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Industry perturbs over rampant street crime
KARACHI: Business community is worried over rampant incidents of street crimes in the metropolis ahead of Eid holidays, according to a statement issued on Tuesday. The statement issued by Pakistan Hosiery Manufacturers Association (PHMA) informing the Chief Minister of Sindh about the rampant incidents of car snatching and stealing valuables and expensive parts from a […]
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Exporters perturb over part of tax refund claims disallowed without reason
KARACHI: Pakistan Hosiery Manufacturers Association (PHMA) on Friday pointed out reduction in refund amount against original claim. The PHMA in a letter sent to Ms. Seema Shakil, Member Inland Revenue (Operations), Federal Board Revenue (FBR), informed that it is regretfully informed that against the 100 percent claimed sales tax refunds amount, FBR has cleared 60 […]
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Business community demands Pakistan Customs to launch Authorized Economic Operator certification
KARACHI: The business community has demanded Pakistan Customs of launching Authorized Economic Operators (AEO) certification program, which will enable business and industrial units to become trustworthy member of international supply chain. In view of its significance and importance, it is imperative that Pakistan Customs, being member of the World Customs Organizations, should immediately launch the […]
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Textile exporters oppose proposed plan for abolishing zero-rating, FTR
KARACHI: The textile exporters have strongly opposed to the proposed withdrawal of zero-rating of sales tax and abolishing Final Tax Regime (FTR). Chairmen of Value Added Export Sector Associations in a joint Press Conference held at PHMA House Karachi while expressing deep concern stated that discontinuation of zero rated status will result in ruin and […]
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Export sector complains non-compliance by power utilities
KARACHI – The zero-rated textile export sector in Pakistan has raised concerns over the non-compliance of power utility companies in providing subsidized rates, according to a letter addressed to Abdul Razak Dawood, the Adviser to the Prime Minister on Commerce and Textile Industry.
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