January 29, 2022

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Pakistan Revenue

Tag: PHMA

PSW to link 27 banks for trade facilitation
Oct 27
Trade & Industry

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
Sep 8
Trade & Industry

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
Jun 9
Budget 2021-2022, Trade & Industry

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
May 11
Trade & Industry

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 demand customs duty waiver on cotton yarn
Jan 5
Trade & Industry

Exporters demand customs duty waiver on cotton yarn

KARACHI: Value-added textile exporters on Tuesday demanded the government of abolishing customs duty on import of cotton yarn to support the industry and ensure timely completion of export orders. “The gravity of situation demands the government to immediately abolish customs duty on import of cotton yarn either by passing through a Presidential Ordinance or by […]

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FBR developing software to eliminate bogus invoices: CTO Chief
Nov 7
Taxation

FBR developing software to eliminate bogus invoices: CTO Chief

KARACHI: Federal Board of Revenue (FBR) is working to develop a new software which will eliminate flying / bogus invoices, Dr. Aftab Imam, Chief Commissioner, Corporate Tax Office (CTO) Karachi said during his visit to Pakistan Hosiery Manufacturers Association (PHMA). The chief commissioner assured the exporters that all the issues of exporters will be resolved […]

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Textile exporters demand extension in filing duty drawback claim
May 20
Trade & Industry

Textile exporters demand extension in filing duty drawback claim

KARACHI: Textile exporters have demanded the commerce ministry of allowing extension in filing claims for duty drawback up to July 31, 2020. Pakistan Hosiery Manufacturers Association (PHMA) in a statement on Tuesday said that the commerce ministry should consider extension in cut-off date of submission of incremental claims of Duty Drawback on Taxes (DDT) for […]

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