Pakistan Textile Industry Will Face Growth In Cost Or Cost.

< p > all Pakistan < a target= "_blank" href= "http://www.91se91.com/" > strong > textile > /strong > /a > factory Association (APTMA) is concerned about the 2% tax increase introduced in fiscal year 2013-2014, which may lead to the increase of production cost of the national textile industry.

Haq, spokesman for the Pakistan Textile Mills Association, said that in the 2013-14 budget announced by the Minister of finance, ishagar, there was a 2% increase in taxes on products supplied to textile companies that had not been registered by the government.

This measure announced in the budget will lead to false registration and false invoices.

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< p > according to pre budget discussions, the federal tax office plans to cancel the difference between the supply of products to registered textile companies and unregistered textile companies.

But the budget plan announced by the government did not follow the previous plan.

Hagrid, a spokesman for the all Pakistan Textile Mills Association, said that the textile industry in Pakistan has already lost 50% of its capacity. This is due to the lack of natural gas and electricity supply. New tax measures will exacerbate the situation.

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< p > Pakistan textile industry also plays a decisive role in foreign trade. Exports account for about 60% of the total export volume. Its cotton and textile semi-finished yarn and cotton cloth occupy a certain share in the world textile trade.

In 2005, the export of Palestinian textiles ranked eighth in the Asian region.

Since December last year, the EU has implemented preferential trade measures for 75 commodities in Pakistan. It has provided convenience for the export of Pakistan textile "a target=" _blank "href=" http://www.91se91.com/ "> strong" clothing "/strong" /a "products.

According to statistics released by the Pakistan Statistical Bureau, the total export volume of textiles and clothing in Pakistan amounted to US $10 billion 749 million in the first 10 months of 2012~2013 fiscal year (July 2012 ~2013 April), up 6.1% from 10 billion 127 million US dollars in the same period last year.

Knitwear, mattress products, towels, garment manufactures and other value-added products have become the main commodities driving the textile and garment industry, while the export of some raw materials such as cotton yarn, spinning and silk continues to decline.

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< p > despite the increase in exports this year, there are still some restrictive factors in the export of Pakistan's textile industry, which affect Pakistan's textile exports, such as less foreign investment, rising energy shortage costs, low value added value of export textiles and the tight monetary policy adopted by the government, which restrict the export of Pakistan textiles and < a target= "_blank" href= "http://www.91se91.com/" > strong > clothing > /strong > /a >

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< p > in recent years, there is a clear trend in the world trade in textiles and clothing, which is to shift to high value-added clothing trade. Pakistan failed to keep pace with this development.

Over the past few years, Pakistan has invested about 5 billion US dollars in textile industry, mainly in spinning and weaving and other primary products: spinning 47%, knitting 27%, 11% processing, 8% accessories, synthetic chemical fiber 5%, weaving and clothing 5%. in the 05-06 fiscal year 10 billion 100 million cotton textile exports, cotton yarn and cotton cloth accounted for nearly 1/3, these products were sold to their competitors.

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"P" Hagrid once again said that the depreciation of the initial permitted plant and equipment in the textile industry of Pakistan has been reduced from 50% to 25%, which may reduce investment in the textile industry and investment is necessary for Pakistan's economic growth.

The 2013-14 fiscal year budget also provides legal support for the center for economic and social pformation research, confirming the input tax of the supply chain of Pakistan's textile industry.

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