“Textile Exporters must take maximum benefit out of Zero-Rating” Engr. Khurram Dastgir Khan Islamabad : October 17, 2016

The Minister of Commerce, Engr. Khurram Dastgir Khan said this while chairing a meeting with a delegation of Pakistan Towel Manufacturers Association here on Monday.

The delegation highlighted in the meeting the main domestic and international issues that they are facing and which are adversely affecting their exports. The delegation informed the minister that there has been a significant increase in the exports of towels in recent years and to further boost exports the exporters must be given relief from indirect taxes that are levied under different heads.

The Minister assured them that every step will be taken to resolve all the issues that are encumbering exports. The minister urged them to take full benefit out of the zero-rating and also assured them that as per the commitment of the honorable Prime Minister the remaining funds will also be issued to them.

The Minister informed the delegation that the UK government has principally agreed of entering into a GSP Plus like agreement to continue duty concessions to Pakistani exports, on top of the GSP Plus agreement facility for next two years and likewise advance level deliberations underway with Turkey and Thailand which will ultimately provide concessions to export towel related products in the markets at competitive rates.

The minister further appraised the delegation that Prime Minister Nawaz Sharif is seriously considering the demands of the exporters and to facilitate them a special package will be soon announced for them.

Source: Ministry of Information, Broadcasting and National Heritage