Textile industry: Official concerned over likely increase in tax
ISLAMABAD: The government on one side has announced an economic relief package for export-oriented industries but on the other hand, it is planning to raise the cost of doing business. All Pakistan Textile Mills Association (Aptma) Chairman Rizwan Ashraf lamented the government was planning to raise the tax rate on…
Egytex News Desk
Source: tribune.com.pk
All Pakistan Textile Mills Association (Aptma) Chairman Rizwan Ashraf lamented the government was planning to raise the tax rate on use of underground water by textile industry, which was utilized as a raw material. Quoting figures, he revealed that the textile industry had a 6% share in the country’s GDP and a 58% share in total exports.
He underlined that the sector was paying water bills regularly. “Every textile industry pays Rs13,000 per cusec of water monthly,” he informed. “A small industrial unit consumes two to three cusecs of water monthly while the big ones utilize roughly 20 cusecs.”
Source: tribune.com.pk
From the Egytex news archive, first published on 11 February 2019. Figures and names are as reported at the time.
