Home Fibres & Yarns PYMA urges govt for elimination of tax on yarn import

PYMA urges govt for elimination of tax on yarn import

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Pakistan Yarn Merchants Association
Pakistan Yarn Merchants Association

Pakistan Yarn Merchants Association (PYMA), while drawing attention of Dr Miftah Ismail, Advisor to the Prime Minister on Finance, Revenue & Economic Affairs, has again demanded to remove regulatory duty imposed on import of yarn.

Central chairman PYMA , Khurshid A Shaikh, zonal chairman Muhammad Aslam Moten & zonal vice-chairman Muhammad Khalid Gader have expressed their pleasure & satisfaction over appointment of Dr Miftah Ismail and said that the new Advisor for Finance possess an in-depth understanding of issues faced by Trade & Industry. Therefore, with a background of remarkable achievement, he must implement his decisions for enhancement of commercial & industrial activities.

PYMA office-bearers, while expressing their deep concern over hurdles in imports of yarn & continuous increase in production cost in the textile industry, said that by removing regulatory duty, government may play a vital role in supply of cheap raw material to textile industry.

PYMA office bearers have requested Dr Miftah Ismail to bring all stakeholders on board for improvement of economical & financial policies in order to prepare effective policies for removal of issues & problems faced by related industry. They stressed upon government that by broadening tax net & reduction in corruption, economical stability & business enhancement may be achieved & national economy will be saved from collapse.