Pakistan, Aug. 2 -- The Pakistan Textile Council (PTC) strongly opposed recent tax changes by the Federal Board of Revenue (FBR). The changes were made through SRO 1359(I)/2025 under the Export Facilitation Scheme (EFS). PTC said removing cotton, yarn, and grey cloth from EFS will hurt textile exports. These materials are key raw inputs for Pakistan's textile industry. Exporters now must pay import taxes upfront, even though they earn valuable foreign exchange.

According to PTC, these tax changes threaten an already pressured industry. Global protectionism and U.S. tariffs have already weakened textile exports. The council said the new rules will only make things worse. PTC warned that taxing raw materials is like taxing exports. Chairma...