FPCCI President Appreciates TDAP Chief For PM Exporters Package
Mohammad Ali (@ChaudhryMAli88) Published January 11, 2017 | 07:50 PM
KARACHI, Jan. 11 (UrduPoint / Pakistan Point News - 11th Jan, 2017 ) : President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zubair F.Tufail highly appreciated and acknowledged the services of Chief Executive Officer, Trade Development Authority of Pakistan (TDAP) S.M.Muneer in getting Prime Minister's exporters package.
In a statement here on Wednesday, he indicated that this package would provide relief to the exporters and boost the exports of Pakistan which were continuously showing a declining trend for the last three years.
President FPCCI hoped, the package would help to achieve the objective of export-led growth and would revive the industries of Pakistan particularly the textile industries which was highly affected due to international recession, regional competitiveness and high cost of doing business.
Under the package, he said, sales tax and customs duty on the import of textile machinery, cotton and man-made fibres were abolished. Moreover, the new duty drawback rates were decided for textile garments (7%); textile made-ups (6%); processed fabric (5%); yarn and grey fabric (4%); while sports goods, leather and footwear will be taxed at 7%, he said.
He expected that the incentives and support to exporters would definitely address the challenges being faced by exporters on a sustainable basis and have met the long aspirations of the industry.
Zubair Tufail also appreciated S. M. Muneer for his efforts to make TDAP a corporate and corruption-free entity and it was expected that the exports of Pakistan would increase manifold in 2017 and 2018.
It was right time that the Prime Minister announced the special package for exporters which would also be helpful in availing the optimum benefits of GSP-plus from European Union, increase in exports, reduction in unemployment rate etc. The export package coupled with CPEC and reduction of power shortage would put Pakistan on the road of progress and prosperity, he said.
Related Topics
Recent Stories
Nawaz Sharif to visit Guangzhou exhibition in China
FM Dar not traveling to China: Foreign Office
PM takes notice of deliberate delay in tax cases
Iranian President visits Allama Iqbal’s mausoleum
Iranian President arrives in Lahore today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 23 April 2024
Today Gold Rate in Pakistan 23 April 2024
Islam enlightened world with its teachings about knowledge: Dr Jamileh
Record London close as oil prices drop on easing Middle East fears
TV tower in Kharkiv struck as Russia captured village
LCCI language courses from May 1
Governor for service oriented governance in Punjab
More Stories From Pakistan
-
Galliyat Tahafaz Movement expresses deep concern over chopping of snag trees in Hazara region
9 minutes ago -
Higher Education Minister praises issuance of scholarships by Chinese universities to Pakistani stud ..
9 minutes ago -
EPA to hold public hearing of 132KV Grid Station’s EIA report
28 minutes ago -
Pak-Canada bilateral relations stable, excellent: Canadian High Commissioner
29 minutes ago -
Provincial Enforcement Authority to be established in Punjab
29 minutes ago -
Police arrest eight drug dealers with over 11 kg charras
29 minutes ago
-
Rain brings relief, disruption to Lahore
39 minutes ago -
Mirpurkhas authorities acts fast to combat floods
48 minutes ago -
Govt to re-constitute committee on issue of missing persons: Law Minister
48 minutes ago -
Report exposes Modi regime’s multifaceted assault on IIOJK
49 minutes ago -
APWA to offer driving, IT, beauty salon courses in summers
59 minutes ago -
Nawaz Sharif to visit Guangzhou exhibition in China
1 hour ago