Pakistan Tax Rebate Uncertainty Prevents Christmas Clothing Orders

2011/8/1 13:15:00 29

At present, local taxes

drawback

(DLTL) the uncertainty of the plan has led to the loss of Christmas for Pakistan's garment exporters.

Order

。

Usually during this period, Pakistan's woven garment industry received a large number of Christmas season orders from foreign consumers. However, the uncertainty of the implementation of the tax rebate scheme has led to such an order this year.

loss

。

Clothing exporters say that the Ministry of textiles has not responded to their request to extend the local tax rebate plan, and the extension of the local tax rebate can promote the export of clothing.

Despite the promises made by former textile minister Rana Mohamed Faruqi Saeed Khan and former finance minister Tallinn on several occasions, the extension of the local tax rebate scheme continued until the end of the 2009-2014 textile policy, but the plan is now available.

Revoke

。

Exporters say this makes it impossible to achieve export targets for 25 billion in the current fiscal year.

Especially because exporters from other countries, such as China, India and Bangladesh, receive tax rebates from their respective governments, the tax rebate rates are 9.5%, 17% and 11% respectively.

In this regard, Pakistan's exporters can not compete with them.