Tag: sales

Textile units registered with MoTI given GST exemption

PAR Jan 24, 2017 0

The Federal Board of Revenue (FBR) has exempted sales tax on the import of machinery (not manufactured locally) by textile units registered with the M...

Import of LNG: rate of advance tax quite different for filers, non filers

PAR Jan 23, 2017 0

The rate of advance tax on the import of Liquefied Natural Gas (LNG) by a private company is 5.5 percent and by government designated buyer like Pakis...

Cotton economy to benefit from export package

PAR Jan 13, 2017 0

Last Tuesday the Prime Minister Nawaz Sharif announced a Rs 180 billion package of incentives for the sagging export sector which is expected to give...

Exporters pin high hopes on Prime Minister's textile package

PAR Jan 10, 2017 0

Exporters have pinned high expectations on the proposed package for export-oriented sectors which Prime Minister Nawaz Sharif is scheduled to announce...

CAPTA says government cash incentives to hurt genuine exporters

PAR Jan 5, 2017 0

The country's value-added textile sector has rejected the government's consideration of custom rebate and cash subsidies, fearing the move would furth...

LSDA against sugar export decision

PAR Dec 30, 2016 0

The Lahore Sugar Dealers Association has criticised the government's decision of allowing sugar export prior to completion of crushing season and know...

Cotton market in steady mode

PAR Dec 30, 2016 0

Domestic cotton prices are generally steady as mills pick up better quality of cotton as the calendar year is approaching into an end. There is antici...

Faisalabad RTO serves notice on textile mill to recover Rs 11m tax

PAR May 28, 2015 0

FAISALABAD: The Federal Board of Revenue’s Regional Tax Office Faisalabad has issued a notice to a textile mill to deposit the allegedly evaded amount...