Nov 21

PYMA urges government not to impose regulatory duty on yarn

KARACHI: Pakistan Yarn Merchants Association (PYMA) has appealed Prime Minister Shahbaz Sharif and Finance Minister Ishaq Dar to not impose Regulatory Duty (RD) on imported Yarn. The association has learnt that government was in process of imposing 5 per cent RD on import of Yarn on the pretext to discourage the import of Yarn, which […]

by Faisal Shahnawaz

Falling rupee to collapse industry: PYMA

Jul 25

Trade & Industry

Falling rupee to collapse industry: PYMA

KARACHI: Pakistan Yarn Merchants Association (PYMA) on Monday expressed concerns over massive depreciation of Pakistan Rupee (PKR) and fear it may collapse the local industry. PYMA Chairman Saqib Naseem, and Vice Chairman PYMA Sindh and Balochistan Muhammad Junaid Teli in a joint statement expressed disappointment on the part of the State Bank of Pakistan (SBP) […]

by Faisal Shahnawaz

PYMA demands withdrawal of sales tax through electricity bills

Jul 21

Trade & Industry

PYMA demands withdrawal of sales tax through electricity bills

KARACHI: Pakistan Yarn Merchant Association (PYMA) on Thursday demanded the government of immediate withdrawal of sales tax collection through monthly electricity bill. Saqib Naseem, Chairman Pakistan Yarn Merchants Association (PYMA), Muhammad Junaid Teli, Vice Chairman, Sind & Balochistan region, has rejected the imposition of Rs 6,000 tax on small business’s electricity bills, and demanded Finance […]

by Hamza Shahnawaz

Yarn merchants demand removing budget anomalies

Jun 17

Budget 2022-2023, Trade & Industry

Yarn merchants demand removing budget anomalies

KARACHI: Pakistan Yarn Merchants Association (PYMA) has urged the finance minister to remove anomalies in the budget 2022/2023. In a statement on Friday, Saqib Naseem, Chairman PYMA, Muhammad Junaid Teli, Vice Chairman, Sind & Balochistan region, has drawn attention of Minister for Finance and Revenue, Miftah Ismail over anomalies in Federal Budget 2022-23. READ MORE: […]

by Hamza Shahnawaz

Yarn merchants for reducing utility prices to save industry

Jun 3

Trade & Industry

Yarn merchants for reducing utility prices to save industry

KARACHI: Pakistan Yarn Merchants Association (PYMA) has asked the government to substantially reduce utility prices in order to save industry, especially small and medium enterprises (SMEs). In a statement on Friday, Saqib Naseem, Chairman, PYMA, Muhammad Junaid Teli, Vice Chairman, Sind and Balochistan region, have termed the sharp rise in prices of petroleum products by […]

by Hamza Shahnawaz

PYMA rejects customs valuation for filament yarn

May 31

Trade & Industry

PYMA rejects customs valuation for filament yarn

KARACHI: Pakistan Yarn Merchant Association (PYMA) on Tuesday rejected customs ruling issued for determination of value of polyester filament yarn. READ MORE: PYMA seeks duty, taxes cut on yarn in budget 2022/2023 Saqib Naseem, Chairman Pakistan Yarn Merchants Association (PYMA) and Muhammad Junaid Teli, Vice Chairman, Sind & Balochistan region, have strongly rejected Valuation Ruling […]

by Hamza Shahnawaz

Yarn merchants urge SBP to stop rupee deterioration

Apr 1

Trade & Industry

Yarn merchants urge SBP to stop rupee deterioration

KARACHI: Yarn merchants have urged the State Bank of Pakistan (SBP) to stop the rupee depreciation against the US dollar otherwise it will make industry to continue business. Chairman Pakistan Yarn Merchants Association (PYMA), Saqib Naseem and Vice Chairman Sindh Balochistan Region, Muhammad Junaid Teli, while expressing deep concern over the continuous depreciation of the […]

by Hamza Shahnawaz

PYMA seeks duty, taxes cut on yarn in budget 2022/2023

Mar 28

Budget 2022-2023, Trade & Industry

PYMA seeks duty, taxes cut on yarn in budget 2022/2023

KARACHI: Pakistan Yarn Merchants Association (PYMA) has proposed cut in duty and taxes on yarn in the forthcoming budget 2022/2023. The association demanded reduction in Customs Duty, Sales Tax, withholding income tax and abolishing Regulatory Duty and Additional Customs Duty on yarn in the next Federal Budget 2022/2023. READ MORE: CGT exemption on private company […]

by Faisal Shahnawaz

PYMA fears cancellation of export orders

Feb 3

Trade & Industry

PYMA fears cancellation of export orders

KARACHI: Pakistan Yarn Merchant Association (PYMA) has expressed fear cancellation of export orders due to non-production after suspension of gas to industries. Saqib Naseem, Central Chairman PYMA, Junaid Teli, Vice Chairman PYMA, have expressed deep concern over non-supply of gas to industries and appealed to Prime Minister, Imran Khan, Minister Energy, Hammad Azhar and Adviser […]

by Hamza Shahnawaz

Yarn merchants appeal for not imposing regulatory duty

Dec 22

Trade & Industry

Yarn merchants appeal for not imposing regulatory duty

KARACHI: Pakistan Yarn Merchants Association (PYMA) has expressed serious concerns over reports suggesting imposition of regulatory duty on polyester yarns. Saqib Naseem, PYMA Central Chairman in a statement on Wednesday expressed deep concern over rumors circulating about lobbying for imposition of regulatory duty on imported polyester yarns by local manufacturers of polyester filament yarns. READ […]

by Faisal Shahnawaz