Pakistan Textile Import Tax And Latest News On Textile Exports

< p > < strong > > a href= "//www.sjfzxm.com/news/index_p.asp > > Pakistan < /a > the sales tax of the government to reduce the import fabric is < /strong > /p >

< p > October 9th, the Pakistan Ministry of Finance issued a circular to reduce the sales tax of imported fabrics from the previous 5% to 3%.

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< p > the notice issued by the Pakistan Taxation Bureau (SRO 898 (1) /2013) does not distinguish between finished products and raw materials for fabrics, and the total sales tax is 3%.

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< p > according to the 2013 fiscal law, the federal tax bureau initially sold 17% of sales tax on finished product sales.

Later, in the 682 (1) /2013 notice, the sales tax dropped to 5%.

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< p > < strong > Pakistan August 2013 < a target= "_blank" href= "//www.sjfzxm.com/" > textile > /a > exports increased by 3.42% < /strong > /p >

< p > according to the data released by Pakistan Statistical Bureau, in August this year, Pakistan's textile exports amounted to 1 billion 95 million US dollars, an increase of 3.42% compared with the export volume of US $1 billion 59 million in the same period last year.

In August, cotton exports in Pakistan increased by 504.25% over the same period last year.

Cotton yarn exports showed an increase of 18.12% over the previous year, and exports amounted to US $188 million 210 thousand. Exports of yarns (excluding cotton yarns) increased by 8.92% to US $4 million 799 thousand over the same period last year. Exports of manufactured goods (excluding towels and home textiles) increased by 7.29% to 47 million 21 thousand US dollars; and the export of other textile materials increased 13.66% to 33 million 255 thousand US dollars.

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< p > at the same time, the import and export volume of wool textiles was 54 million 64 thousand US dollars, down 19.68% compared to the same period last year. The tarpaulin export volume was 5 million 304 thousand US dollars, down 13.35% compared with the same period last year. The export volume of handicrafts, silk and synthetic fiber products was 33 million 439 thousand US dollars, down 8.19% compared with the same period last year.

2013~2014 in the first two months of this fiscal year, the export volume of Pakistan textile "a target=" _blank "href=" //www.sjfzxm.com/ "clothing" /a "amounted to US $2 billion 305 million, an increase of 7.24% over the same period last year.

In 7~8 months this year, cotton exports amounted to US $467 million 774 thousand, cotton yarn exports amounted to US $389 million 921 thousand, knitwear exports amounted to US $385 million 197 thousand, garments exports amounted to US $324 million 628 thousand and home textiles exports amounted to US $316 million 192 thousand.

In August, the total export volume of textiles and clothing was US $2 billion 305 million, about half of the export volume of Pakistan 7~8 textiles for us $4 billion 90 million.

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