Textile sector complied with different international obligations, like ISO Certifications, produce and export quality product and ensure timely exports, consequently the exports of all other textile materials increased from $158.251 million to $248.144 million, showing surge of 58.8 percent, said Muhammad Anees Khawaja President of DGCCI while delivering his speech at a seminar on 'WTO regime and its effects on textile sector' jointly organised by All Pakistan Bedsheet and Upholstry Manufacturers Association (APBUMA) and TDAP here today.
He said textile exports from the country increased by 8.39 percent during July to January 2013 of the current fiscal year as compared to the same period of last fiscal by improving the quality and standard of the products.
The textile exports during July to January were recorded at $7.51 billion against the exports of $6.92 billion during July to January 2011-12. The textile products that witnessed increase in exports included cotton cloth, exports of which increased from $1.334 billion to $1.496 billion, an increase of 12.16 percent while exports of towels increased from $376.902 million to $444.829 million, showing an increase of 18.02 percent.
While exports of readymade garments increased by 12.51 percent from $938.591 million to $1.058 billion. Director TDAP Alamgir Khan and Aleena Gilani of TDAP said "we would have to prepare ourselves to compete the World market "Exports in Pakistan increased to Rs 213978 million in May of 2013 from Rs 209441 million in April of 2013. Exports in Pakistan is reported by the Pakistan Bureau of Statistics. Historically, from 1957 until 2013, Pakistan exports averaged Rs 28935.82 million reaching an all time high of Rs 213978 million in May of 2013.
Tajdin Mansha said that value-added textile sector rejected the imposition of sales tax (ST) and increase in withholding tax (WHT) on textile garments and made-ups.
It is sheer violation of tax fundamentals set for textile sector as prime export segment of the country while on the other hand this step by FBR would damage the whole garment export chain of the country, he said. Due to increase in WHT and imposition of ST, the export-oriented textile segment of the garments manufacturers would face immense financial burden besides become uncompetitive in the international market, he added.
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