Pakistan Textile Exporters Association Requires The Government To Immediately Implement Zero Tax Rate.

< p > Pakistan a > textile > /a > export volume and export volume have not been successful in driving power, but still below the level desired.

In addition, a large number of exporters' funds fall into the tax rebate system.

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< p > the Pakistan Textile Exporters Association (PTEA) is seeking the government's immediate intervention in this issue and freed the exporters into a large amount of money in the tax rebate system, calling for a zero tax rate on textile exports.

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< p > Sheikh Elyas Mohamed, vice president of the Pakistan Textile Exporters Association and vice president Tahir, think that capital tightening has become a major obstacle to the promotion of textile exports.

In the past few years, the textile industry is facing an unprecedented crisis, resulting in the loss of textile production capacity.

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< p > GSP plus (GSP+) status is a golden opportunity for the textile sector, which will help return the textile industry from Pakistan.

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< p > on lifting the zero tax rate on supplies, requisitioned 2% of sales tax, the president of Pakistan textile < a href= "http://www.91se91.com/news/index_s.asp" > export "/a" Business Association believes that this is harmful to business behavior. They say that the competitiveness of the textile industry is deteriorating, and rival countries, such as China, India and Bangladesh, have great incentives for textile industry and exporters.

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< p > Sheikh said that 85% of Pakistan's textile products were exported in various forms, and only 15% remained in local consumption.

Therefore, it is imperative to levy zero tax on the entire value chain of exports, which can maintain competitiveness in the international market.

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< p > Sheikh claims that the government should give a href= "http://www.91se91.com/news/index_f.asp" > textile department < /a > priority and preferential treatment, so as to fully utilize the favorable conditions of the tax exemption mechanism to save the textile industry and the national economy.

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< p > Sheikh asked the government to release the exporters' tax refund funds.

He believes that it is impossible to make full use of the advantageous position of the GSP plus (GSP+) status without tax rebate funds, no interruption of energy supply and tax relief.

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