Textile exporters must take maximum benefit out of ‘Zero-Rating’


Mian Arshad

Islamabad—The Minister of Commerce, Engineer Khurram Dastgir Khan, Monday, urged textile exporters to derive full benefit out of the zero-rating regime of the government and foreign countries’ policies. In this regard, he also assured full support to textile exporters in the resolution of pending payment of sales tax refunds.
In a meeting with a delegation of Pakistan Towel Manufacturers Association here, the Minister informed the delegation that the UK government had principally agreed of entering into a GSP Plus like agreement to continue duty concessions to Pakistani exports, on top of the GSP Plus agreement facility for next two years. Likewise he said that advance level deliberations underway with Turkey and Thailand which would ultimately provide concessions to export towel related products in the markets at competitive rates.
The minister further appraised the delegation that Prime Minister Nawaz Sharif is seriously considering the demands of the exporters and to facilitate them a special package will be soon announced for them. The delegation highlighted in the meeting the main domestic and international issues that they are facing and which are adversely affecting their exports.
The delegation informed the minister that there has been a significant increase in the export of towels in recent years and to further boost exports the exporters must be given relief from indirect taxes that are levied under different heads.