ISLAMABAD: Textile exporters must take maximum benefit out of zero-rated tax regime, Minister of Commerce, Khurram Dastgir Khan said on Monday during a meeting with a delegation of Pakistan Towel Manufacturers Association.
The delegation highlighted main domestic and international issues which were adversely affecting their exports.
The delegation informed the minister that there has been a significant increase in the export 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 their issues will be resolved and their stuck-up funds will be release soon.
The minister informed the delegation that the UK government has principally agreed to enter into a GSP+ like agreement to continue duty concessions to Pakistani exports.
Likewise, advance level deliberations are underway with Turkey and Thailand which will ultimately provide concession to export towel related products in the markets at competitive rates, he added.
Published in Dawn October 18th, 2016
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