Boost for Pakistan’s textiles sector - sportstextiles: Lea SportsTextiles

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Boost for Pakistan’s textiles sector

16/03/2016
 Pakistan will reduce the value added tax (VAT) on textiles to 0% from July, in order to stimulate exports.

The Federal Minister for Commerce, Khurram Dastgir Khan, made the announcement during the Textile Asia 2016 Exhibition in Karachi.

The country’s apparel making sector is also benefiting from joining the list of Generalised System of Preference (GSP) Plus countries in January 2014, which means many products can be exported to Europe without incurring duties.

Related stories:

Pakistan’s textile exports rise in November 21/12/2016
Drop in value of Pakistan’s textile exports 26/08/2016
Pakistan textile exports fall 7.7% 23/05/2016
US says China to scrap export subsidies 15/04/2016
Chinese apparel groups to tap Pakistan for sourcing 30/03/2016
EU notes “improvements” in GSP+ countries 08/02/2016
Chinese group invests in Pakistan, attracted by GSP Plus 17/12/2014
GSP Plus makes a big difference to Pakistan garment exports 21/08/2014
EU apparel and textile imports show Pakistan’s fortunes turning 26/06/2014

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