Page 32 - May-June-2020

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Aptma seeks five-year textile policy to

double exports to $26bn

Mr Gohar Ejaz, APTMA Group Leader has sought a textile prices. However if this 26 percent increase in
five-year textile policy to double the textile exports to quantity had not been achieved the exports would
$26bn and create 3mn new jobs in the country. have been less than $8.5bn, the international prices
have now recovered.
On the visit of Advisor to Prime Minister on
Information Firdous Ashiq Awan at the APTMA Speaking on the occasion, Chairman Task Force said
Punjab office he appreciated Prime Minister for the task force has started working on a new textile
appointing Mr Ahsan Bashir, former Chairman policy to increase its exports to $25bn by 2024. He
APTMA as Chairman Task Force on Textile and expressed the hope that a comprehensive textile
expressed the hope that the task force would ensure policy would be finalized by December 2019.
consistency in the government policies towards
business. He said the share of Pakistan in the $450bn world
garments exports is 1.5pc that needed to be
He said the textile industry has achieved a record increased through investment in the garment sector.
increase of 26pc growth in quantitative terms He said the exports can never touch the magical
although this did not directly reflect in the dollar figure of $50bn unless Pakistan promotes and
amounts due to a substantial worldwide decrease in develops its small and medium (SME) sector.

New Sales tax return

monitoring software by FBR

To effectively monitor the sales tax returns, Chairman Federal Board of Revenue Syed Muhammad Shabbar
Zaidi has inaugurated a new software called Centralized Sales Tax & FED Assessment & Processing (CSTAP).

Developed by IR-Operations Wing of FBR, this software has been inaugurated at FBR Headquarters. The
purpose of the software is to identify the tax gaps and to determine actual Sales Tax/ FED liabilities of all
taxpayers. This software will also be used for the purpose of expeditious processing of refund claims.

Ms Seema Shakeel, Member IR-Operations demonstrated the working and application of the new software live.

The Chairman FBR was also informed that first batch of 25 officers from field formations are given task to test
run this project from September 11, 2019.

However, after successful test run of this project, the same shall be made available to all field formations
throughout the country.

May/June 2020