Knitwear share in total exports may rise to 20%
PHMA chief coordinator demands restoration of zero-rating facility for textile sector
KARACHI:
Stakeholders of the knitwear garments segment have requested the government to allow them representation in meetings related to textile exports.
In a statement on Tuesday, Pakistan Hosiery Manufacturers and Exporters Association (PHMA) Chief Coordinator Muhammad Jawed Bilwani highlighted that knitwear garment exports of Pakistan had surged 36.57% in fiscal year 2020-21.
Total exports of the country rose from $21.4 billion in FY20 to $25.3 billion in the previous fiscal year and the share of textile in the overall exports came in at 60.86%.
“Hosiery products have kept a major share of 15% in the textile group and this segment has the potential to contribute 25% to the total textile exports of the country,” he said.
Closure of the Hepatitis Control Program by the Punjab Health Department leaves a question mark
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DLTL to continue to increase value added exports: Abdul Razak Dawood
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Rs8bln DLTL claims to be cleared from tomorrow
July 1, 2021
ISLAMABAD: Government will release Rs8 billion under drawback of local taxes and levies (DLTL) claims of industries from Friday (tomorrow) to help them overcome liquidity crunch, commerce adviser said on Wednesday.
Adviser to Prime Minister for Commerce and Investment Razak Dawood said the fund will be transferred starting from 2nd July. âI hope that this will facilitate the cash flow issues of our business exporters and strengthens their production,â Dawood wrote on Twitter.
The government has allocated Rs20 billion for DLTL scheme in the budget 2021/22 despite demand of textile exporters, who are the main claimants, to increase the allocation to at least Rs75 billion to clear backlog and new duty drawback of taxes (DDT) / DLTL claims.
Daily Times
July 1, 2021
Special Assistant to the Prime Minister on Power and Petroleum, Tabish Gauhar has said that the gas crisis is temporary in nature and will be over in the next two to three days.
Talking to a delegation of leading businessmen and industrialists, Gauhar further said that a major shipment of liquefied natural gas (LNG) is expected in the next two to three days .
He said the LNG will be “transmitted and distributed through the Sui Southern Gas Company (SSGC) system within a few days”. He said that he is aware of the challenges being faced by industrialists and businessmen. However, he said repair and maintenance of gas fields are unavoidable and necessary, adding that the government is taking measures to ease the burden of the crisis.