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05

APTMA demands withdrawal of 4pc

withholding tax; Inspiring Change

Conference - An outright success;

Editor-in-Chief ITMA taking the lead
Yousaf Fareed
As per APTMA letter addressed to price to save the cotton growers
Editor the Chairman FBR, due to the from losses and ultimately the
Hassan Saeed imposed 4pc withholding tax on industry. The Parliament had
the entire textile value chain passed a resolution to support
Sub-Editor creating more difficulties for the price or intervention price and
impose duty on import of raw
industry ultimately leading to its
Ezzah Aqeel closure. cotton in May 2019.
Mahwish Sheikh
Mr Shahid Sattar, Advisor to Moreover, in response to growing
Advisory Board: APTMA told, we have agitated the demand from customers for
Dr. Tanveer Hussain issue in the letter written to FBR sustainably produced fashion,
Dr. Muhammad Tausif chairman mentioning that in Primark has announced to train
Shagufta Riaz repeated meetings both in and 160,000 cotton farmers in Pakistan,
outside of FBR, in the presence of China and India. According to
Marketing Manager others it has been repeatedly Primark, each farmer who goes
Sana Sadiq stated that tax on domestic through the three-year programme
commerce was 1pc instead of 4pc
will receive training on the most
Saeed Ahmed as there is no change in the appropriate farming techniques for
income tax laws, rules and their land. Topics will include seed
Layouts regulations. However, last night to selection, sowing, pest
Faizan Khan our utter surprise and management and storage of the
disappointment a ‘clarification’ by harvested cotton.
Marketing Incharge FBR was issued stating that the
Mohammad Khan withholding tax on the entire textile The 2nd edition of Inspiring
value chain would be 4pc. Change Conference was held from
Adddress August 02-03, 2019 in Pearl
C-302, City Towers Due to rains and water influx from Continental Lahore. The event was
Main Boulevard, Gulberg II India, 1.35mn cotton bales have a resounding success with more
than 300 textile industry top
been produced in September in
Lahore-Pakistan Punjab. According to PCGA, a total decision makers from around the
of 375,813 bales have been globe. The conference was
Phone: + 92 42 35 788 700 received from Punjab and 979,897 structured to foster discussions to
Fax: + 92 42 35 788 700 bales from Sindh. Highest receipt offer solutions to the challenges
was recorded from Sanghar which the textile industry is facing.
Email: info@textalks.com (659,332 bales), followed by
Skype: textalks Mirpurkhas (98,454 bales) and Shaping the future of textile
Hyderabad (96,309 bales). The industry – the 18th edition of ITMA,
www.textalks.com federal committee on agriculture a seven day textile and garment
fixed cotton production target at 15 technology exhibition was held
million bales for the ongoing season from June 20-26, 2019 at the Fira
even though last year’s output of 12 de Barcelona, Gran Via Barcelona,
million bales was below the target of Spain. This year’s exhibition
14.37 million bales. solidified its reputation further with
the largest gathering of exhibitors
The Pakistan Kissan Ittehad is in its history. The record number of
continuously demanding of the exhibitors totaling 1,717 from 45
government to announce support countries has set a new milestone.

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