Prime Minister Imran Khan on Thursday in a meeting with the leaders of the textile industry told them that the ship on zero rating regime for the textile sector had sailed.
The government has withdrawn the zero-rated regime for five sectors — textile, leather, carpets, sports and surgical goods — and imposed a standard sales tax rate of 17pc on all items.
The said industry’s have been up in arms over the change, however they have been informed point blank by the Prime Minister that while the government was willing to take up the legitimate concerns of the industry, but that they mus move beyond the question of zero rating.
The Federal Board of Revenue (FBR) has said that the withdrawal of the zero rating regime from these five industries could possibly fetch up to an additional Rs 75 billion in government revenues.
The premier, he said, informed the delegation that his government was willing to resolve all issues of the industry arising in the post-zero rating regime, but the scheme would not be revived now.
The prime minister stressed the need for effective collaboration between the government and business community to overcome the current economic problems. Mr Khan said promotion of business activities and the manufacturing sector was top priority of his government.
Unemployment will increase .small units will close and naya Pakistan will only be a dream
Na over-rated acha mill rha hain wohi porany jaisy haal ho chukien hain…
Jacquard wali machine K rate hi nahi hain cotton PC chalaly banda is sy acha
cant we start thinking on how can we turn around this country and make it a better place to live, so i like tell all those persons who have the authority and think can do wonders, please don’t do wonders just be wise in making decision cos your current decision are not going to turn around this country and make it a better place, so when you guys go home think a little wisely before going off to sleep, thank you
سب سے پہلے پاکستان 🇵🇰
Instead of giving the Government a hard time – the Business Community’s objective should be to resolve the delay in refund payments. They should insist on a “Sovereign Guarantee” for Refunds of Genuine Verified Exports within One week OR give plausible reason for holding up the Refund. A high powered COMMITTEE having representation of the stake holders should be appointed to resolve all disputes on war footing… A POSITIVE RESPONSE FROM THE GOVERNMENT WILL GO A LONG WAY TO BOOST EXPORTS …
#PleaseShare
Textile industry has been relying on subsidy crutches for last 70 years. Time to stand up on its own feet and stop complaining.
I would say that…..we dont need tabdeeli like this…..Do something for business community…dont drown us
Naya Pakistan now practically proven as a fraud
Then roll it and take it up ur arse😂
Naya Pakistan now practically proven as a fraud