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Pakistan Knitwear & Sweater Exporters Association: Budget FY16: No Relief To Textile
Pakistan Knitwear & Sweater Exporters Association: Budget FY16: No Relief To Textile
rated and that's how it should be in Pakistan as well. He said that the government
has to pay around Rs15-16 billion in custom duty drawbacks and Rs20-25 billion in
sales tax refunds.
What remains unaddressed, despite all the mentions of increased tax collection and
tax-to-GDP ratio, is a broadening of the tax base. Dar wants to keep squeezing more
and more taxes out of wherever he's getting them. The textile industry's global lack
of competitiveness on the back of an overvalued rupee also remains unaddressed.
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M. Siddique
Secretary General
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