Yarn Export Regulation Tax Led To The Closure Of 50 Home Textile Enterprises In Pakistan
Core tip: ask the government not to extend it.
The government is requested not to extend the yarn export.
Regulatory tax
At the time, the president of the Pakistan Textile Mills Association (APTMA) said on Thursday that because of the regulatory tax, in the past two months,
Pakistan
50 textile units failed.
Ahmad, a Pakistan Changsha textile factory Association, said that the extension of the export duty will hurt the spinning department again.
The tariff on yarn exports will end in July 26th, and he asked the government not to extend the regulatory tax again.
Shahzad Ahmad said: "we buy cotton from the international market at a high price and increase the tax by 15%.
When we export, our prices are higher than those in other countries, and exporters in Pakistan can not export yarn.
It is reported that the Pakistan government is highly considering the export tax adjustment of yarn for another month, until August 26th.
The cabinet textile committee will make the final decision next week.
It is worth mentioning that the Standing Committee of the national textile industry will convene in July 13th, and it will propose extending the export duty on the yarn from July 26th to August 26th to ensure that the yarn is available in the local market.
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