Union budget places sales tax relief decision for textile exports
07 Jun '05
2 min read
”Import duty on polyester staple fiber (PSF) had been reduced to 6.5 percent from 20 percent and on raw material on PTA and MEG used in manufacturing of PSF,” he added.
Jawed thanks the Prime Minister Shaukat Aziz for making business-friendly and investors-oriented budget.
Former PCMA chairman Ghulam Ahmed Ismail and a leading cloth exporter criticised the government for increasing income tax on exports and said exporters were already bearing increased labour costs to meet the WTO standards under the textile quota-free regime.
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