CBR Pakistan implements zero-rating on natural gas consumption for textiles industry
The Central Board of Revenue (CBR) in Pakistan announced on October 15 that a zero-rating facility has been implemented on natural gas consumption for five major export-oriented industries: textiles, sports goods, leather, carpets, and surgical goods. This follows the CBR’s earlier decision to make the industries involved form payments for electricity consumption. These measures have been taken in an attempt to increase exports to the desired level in the minimum possible time. The measure will help the export-oriented industries to save resources, meet the maximum export orders, and expand their markets.
According to a government statement, the zero-rating on gas will be available to 1,098 registered manufacturers engaged in the manufacture of textile products, leather items, carpets, sporting goods and surgical instruments.