refund

Textile industry awaits refunds worth Rs80 billion

Textile industry awaits refunds worth Rs80 billion

November 17, 2019

KARACHI: Rifts between the government and textile industry continue to widen as the latter issued another warning about the turmoil within the sector due to no-show of refunds worth approximately Rs80 million. All Pakistan Textile Mills Association (APTMA) Chairman Amanullah Kassim held a press conference regarding the matter, where he[...]
Textile sector urges reinstatement of No Payment, No Refund regime

Textile sector urges reinstatement of No Payment, No Refund regime

November 4, 2019

FAISALABAD: With liquid assets drying up fast due to no-show of sales tax refunds, the textile industry is pressing the government to restore the zero-rated facility for the sector to stem the slow demise of a profitable part of Pakistan’s economy. According to Pakistan Hosiery Manufactures & Exporters Association (PHMA)[...]