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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 that Technology Up-gradation Fund (TUF) scheme is continued while the final tax is reduced and withhol...

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 Council of All Pakistan Textile Mills Association Chairman Zubair Motiwala, Pakistan Apparel Forum C...

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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