KARACHI: Exporters are facing a severe liquidity crunch due to delay in payment of sales tax refunds despite launch of new system by the Federal Board of Revenue (FBR), Pakistan Hosiery Manufacturers Association (PHMA) chairman Jawed Bilwani claimed on Monday.
Vietnam saw 26 items with export turnover exceeding US$1 billion accounting for 89.8 percent of the total export turnover in the first nine months of this year, reported the Ministry of Industry and Trade on September 30.
TEA trying to establish sustainability tag for garments made in Tiruppur
MSME minister Nitin Gadkari said there is a need to make 50% of the growth of the Indian economy come from the Micro, Small and Medium Enterprises (MSME) sector.
The Indian rupee on Monday strengthened to hit a two-month high against the US dollar as foreign investors continued to buy in local equities.
The Union Government is expected to release new schemes for powerloom sector in April next year and the demands of the industry will be considered in it, said Ravi Capoor, the Textiles Secretary, here recently.