Pakistan Textile Sector Budget Impact 2024, detailing APTMA's concerns over increased taxes, higher energy costs, and potential un...
All Pakistan Textile Mills Association while expressing reservations on the federal budget, said that the cruel budget will destroy the sector, reported 24NewsHD TV channel.
APTMA claimed the power rates for the textile industry in Pakistan were double compared to neighbouring countries. The burden of cross-subsidy on the textile industry may increase from Rs240 billion to Rs380 billion. APTMA said the external sector may face problems due to a decline in exports. Textile Mills Association said tax on exports was increased from 1% to 29% in the budget while an advance tax of 2 percent was levied on exports. Owing to advance tax, the textile sector will face a shortage of capital.
APTMA Response To Budget Textile Industry Tax Increase Energy Cost For Textile Industry
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Govt presents Rs18,500 billion growth-oriented budget todayThe budget focuses on mitigating people’s sufferings, transforming agriculture sector
Baca lebih lajut »
Rs2100 billion to be earmarked for defence sector in budgetDefence spending to go up by 19pc in Finance Bill 2024-25
Baca lebih lajut »
India needs lower tax on recruitment services to boost jobs, says industry bodyThe unemployment rate among young women climbed to 22.7%
Baca lebih lajut »
PTI’s Zartaj Gul claims federal budget is not people-friendlyFederal Budget Pakistan 2024: PTI’s Zartaj Gul criticizes the budget as not people-friendly, influenced by IMF's dictates. Read mo...
Baca lebih lajut »
Pakistan, China Sign Agreements, Mous : Chinese Investors To Invest In Tourism, Textile, Solar Panel IndustryFederal Ministers Abdul Aleem Khan and Jam Kamal khan have signed bilateral agreements with Chinese companies during prime minister's visit to china as Chinese companies have expressed interest in investing heavily in important sectors In Pakistan Abdul Aleem Khan and commerce minister jam Kamal Khan have called on the CEOS of the companies.
Baca lebih lajut »
Agriculture Sector Growth : NAC Report Indicates Significant Growth In Agri-SectorThis year the growth in the agriculture sector has increased due to the bumper crops surging the overall growth rate. According to the national accounts committee (NAC) report, the Green Pakistan Initiative (GPI), a sector implemented under SIFC, aims to achieve self-sufficiency by addressing food shortages, which has been reflected in crop yields.
Baca lebih lajut »