The textile sector has termed the measures, announced by the govt. in the budget FY22, as insufficient for a significant increase in the country’s exports. The value added textile sector has asked for the more relief and concessions to achieve the double digit export growth target and earn over $ 26Bn foreign exchange in FY22. Leading exporter and Chairman Pakistan Apparel Forum (PAF), Jawed Bilwani has welcomed the govt.’s announcement of new Uniform Export Facilitation Scheme, however, expressed disappointment on the measurers announced in the budget for the textile sector. Most of textile sector demands were not considered in the budget, he said. Major demand of value added textile exports associations was restoration of Zero Rating on GST “No Payment No Refund Regime” through revival of SRO 1125 in letter & spirit, but the federal budget is missing this important demand.
12/6/2021