The Government Refused Tax Rebates To Annoy Pakistan'S Value-Added Textile Department.

Pakistan value-added textile department exporters say that if the government does not pay tens of billions of rupees for local taxes and taxes. drawback They will appeal to the court.

The value added Textile Forum is to represent at least 14 value-added textile associations, the chairman of the forum, Rana Mohamed Mushtaq Khan (RanaMuhammadMushtaqKhan) and first payment chairman MuhammadJawedBilwani, Textile export Business is experiencing a severe liquidity crisis, and the government's delayed payment of tax has pushed some export oriented enterprises to the brink of bankruptcy.

Exporters say that in the history of Pakistan, the government made the first excellence. Textile policy The policy proposed tax rebate for fiscal year 2009-10 was 17 billion rupees, and the 2010-11 year tax rebate was 27 billion rupees.

According to the spirit of textile policy, the Ministry of finance has previously allocated 10 billion rupees. Among them, 5 billion rupees were paid to the State Bank of Pakistan in the first 3 months of the fiscal year as part of the refund of local and other taxes, including some applications for R & D fees.

The value added textile exporter said that the exporter made a total of 28 billion 720 million rupees to the National Bank, but the tax refund was only 5 billion 300 million rupees, and the remaining 23 billion 420 million rupees remained unpaid.

The government's commitments have not been fulfilled, reducing exporters' trust in the government. At the same time, it makes it difficult for exporters to achieve export targets of US $25 billion, and it is difficult to resist competition in the world market. The Ministry of textiles has set a target of US $25 billion in textile exports by 2014.