Pakistan, May 29 -- The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) on Wednesday opposed any move to impose an 18% sales tax on exporters under the Export Facilitation Scheme (EFS), warning that such regressive measures will paralyze the garment export sector, stifle cash flow, and derail Pakistan's opportunity to capture a significant share of the global apparel market.
Reacting to the proposals suggesting that the government is planning to slap a hefty tax burden on exporters, PRGMEA voiced serious concern over what it described as a deliberate campaign by vested interests in the domestic textile sector to weaken the growth potential of the country's most dynamic and value-added industry-the ready-made ga...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.