Pakistan Textile Protection Tax And Customs Duties
RanaArifTauseef, chairman of PTEA, said that filament yarn was not eligible for tax rebate. The heavy duty maintenance tax and 8% tariff on raw materials produced by the country were bad for exporting textile products and affecting their domestic products. Spin Exports of goods.
He further pointed out that regional competitors in China, Sri Lanka and India bought raw materials at a lower price, and the cost of competition for competitors was still very low, which allowed them to sell products to global buyers at lower competitive prices.
Not only are raw materials, but the cost of export textile production in these countries is also significantly lower than that in Pakistan, so exporters in these countries provide very competitive prices for overseas buyers.
Tauseef said, in the context of economic globalization and Trade In the years after the transition, competition is becoming more and more intense, and exporters' demand reduces production costs to the lowest level, so as to maintain their living and development.
On the contrary, Pakistan's textile exporters are heavily taxing. Maintenance tax And being taxed will only benefit raw materials importers and domestic producers, such as filaments and chemicals manufacturers.
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