Page 24 - Export Development Fund News Today

Textile Industry Demands Multiple Reforms in Upcoming Budget The value-added textile exports associations presented their proposals to the Federal Government for Budget 2021-22, demanding that the zero-rating taxation regime is restored and duty drawback of taxes (DDT) are continued. The textile exporters made these demands while addressing a joint press conference at Pakistan Hosiery Manufacturers and Exporters Association (PHMA) House. ALSO READ The textile industry officials also demanded th...

Textile sector seeks zero-rated facility Asks govt to reduce withholding tax to 0.5% in federal budget for FY22 KARACHI: Value-added textile exporters have urged the government to restore zero-rating (no payment, no refund), continue the Duty Drawback of Taxes (DDT) scheme and Technology Up-gradation Fund (TUF), and reduce withholding tax (WHT) to 0.5% in the upcoming federal budget for fiscal year 2021-22. At a joint press conference, the heads of around a dozen textile associations including ...

The Nigeria Import Export Bank (NEXIM) is implementing N500 billion Non-oil Export Stimulation Facility and N100 billion Export Development Fund at single digit interest rate to support the production and export of goods and services.

Calls for swift release of exporters’ funds under DLTL and TUF schemes

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Daily Times May 15, 2021 The leading businessmen of the country have urged the Imran Khan- led PTI government to come up with a national charter for exports because without a long-term export policy or charter which is underpinned by a well-articulated industrial policy and led and regularly monitored by Prime Minister Imran Khan, Pakistan’s exports are unlikely to grow and diversify in a sustainable manner. They recommended that exports need to be an integral part of an industrial policy, wh...

NEPC hopeful of N156bn EEG backlog clearance Stakeholders have expressed concerns about the country’s poor non-oil exports, citing it as a major reason for the wide deficit in the balance of trade, as well as inadequate foreign exchange earnings.     With N194 billion of the outstanding Export Expansion Grant (EEG) already settled via promissory notes from the Debt Management Office (DMO), the Nigerian Export Promotion Council (NEPC) has given assurance of the approval and settlement of...

  ISLAMABAD, April 28(Gwadar Pro)―The Rawalpindi Chamber of Commerce and Industry (RCCI) will organise an online conference for Pakistani businessmen on April 29, to introduce trade opportunities within Hong Kong and mainland, China.   Sigma, the head of Research and Development department at  RCCI, told Gwadar Pro that Pakistani commercial counsellors in Beijing and Hong Kong will brief Pakistani businessmen on trade opportunities offered by China.   Traders from Pakistan can learn about...

The Reserve Bank of Malawi (RBM) has finally taken cognizance that gold is being mined on a large scale in the country and has now announced that from May, 2021, it is introducing a structured market for gold. Gold market is currently carried out on a black market leading to loss of revenue by government through smuggling and under-pricing on the poor miners. In a statement, RBM says the structured market — done in line with Section 28 of the Reserve Bank of Malawi Act (Cap. 44:02) of the Law...

By Nick Muneni Kayange Zomba, April 19, Mana: National Economic Empowerment Fund (NEEF) says it has released K2.9 billion under the National Economic Empowerment program from February to date. NEEF Public Relations Officer, Whytone Kapasule, said in an interview on Monday that over 1,429 groups; 443 youth groups, 915 women and 71 others have so far benefited from the fund.  “From these groups, a total of 4,430 individuals have already benefitted representing 31 percent. But let me also stres...