The All Pakistan Textile Mills Association (Aptma) has urged the Central Board of Revenue (CBR) to expedite the decision on exempting further tax on supplies by manufacturers of spun yarn.
The All Pakistan Textile Mills Association (Aptma) has urged the Central Board of Revenue (CBR) to expedite the decision on exempting further tax on supplies by manufacturers of spun yarn.
China's largest cotton textile maker, Weiqiao Textile Company Ltd, said on Thursday it would set up a joint venture with Japan's Itochu Corp in China to make compact yarn and other types of yarn.
All Pakistan Textile Mills Association (Aptma) Chairman Waqar Mannoo has strongly opposed the demand to levy duty or impose any restriction on the export of yarn.
The Pakistan Yarn Merchants Association (PYMA) has suggested imposition of two-tier customs duty on the import of yarn -20 percent on the locally-produced and five percent on the stuff not produced locally.
The Central Board of Revenue (CBR) has extended exemption for payment of three percent further tax on sale of yarn by the textile mills to the unregistered persons till June 30.
The Central Board of Revenue (CBR) has extended exemption for payment of three percent further tax on sale of yarn by the textile mills to the unregistered persons till June 30.
The spinners and representatives of value-added textile associations are flexing their muscles for a possible show down at a meeting here on March 9 on the question of putting restrictions on the export of cotton yarn.
The spinners and representatives of value-added textile associations are flexing their muscles for a possible show down at a meeting here on March 9 on the question of putting restrictions on the export of cotton yarn.
The protest lodged by the All Pakistan Textile Mills Association (Aptma) over the holding of meeting on Saturday (February 28) by the Export Promotion Bureau (EPB) to discuss the all important question of exports of cotton yarn, bypassing the powerful bod