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In May 20Th, The Government Protested The Yarn Regulation Tax &Nbsp; Pakistan Textile Factory Continued Strike Early.

2010/5/20 10:10:00 18

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In May 18th and 19th, the spinning industry in Pakistan remained closed, protesting the government's 15% regulatory tax on yarn export.

On Monday, all Pakistan.

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At the news conference held by APTMA, the officials of the association said they would not accept 15% of the tax adjustment and would continue their strike for two months.

All Pakistan

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The chairman of the South Branch of the factory Association, Yilan maryboer, member of the management committee, and the other officials, said that after the tax on the export of yarn, 14 million bales of cotton will be at risk, because cotton farmers have planted seeds.

The spinning factory said that the government should immediately pay close attention to this problem and solve this problem amicable.

15% of the adjustment tax will be converted into a loss of 20 billion rupees in two months, of which 16 billion rupees will go into the pockets of value-added industries, and 4 billion rupees will go into the pockets of the government.

Spinning mills on the Federation

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Minister Rana Mohamed Faruqi Saeed Khan's attitude condemned the Khan's prejudice against the spinning industry because he supported the additional value of his supporters from the case of the Prime Minister of the country.

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Department.

The former president of the Pakistan cotton gin Association said that the loss of the spinning industry will be passed on to cotton growers, and cotton prices will drop.

The minimum price of Phutti (raw cotton and seed cotton) will reach 2000 rupees / Mende, and the current price is 4000 rupees / Mende.

As production costs rise, growers must get a good price, so it is not feasible to levy regulatory taxes.

After the value added department protested that it could not get the yarn, the cabinet

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Last week, the Committee seized 15% of the regulatory tax on yarn export because of the large number of yarn exported to China and other countries when the world was short of cotton.

Before the tax, the Pakistan government exported the yarn export to 35000 tons per month, but the US dollar was implemented because the individual exporters appealed to the court.

If the adjustment tax is not abolished, they will also appeal to the court, the spinning industry leader said at a news conference.

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