Karachi (PR): It seems that the Government is out to destroy our exports. Karachi is the economic hub of Pakistan and the contribution of exports of Karachi Industries is 50% of total exports while it is being starved to death due to improper and inadequate gas supply, stated M. Jawed Bilwani, Central Chairman, Pakistan Hosiery Manufacturers [...]

SUBJECT:    UTTER DISCRIMINATION FOR KARACHI INDUSTRIES DUE TO HIGHEST WATER TARIFF SERIOUSLY HITTING THE VITAL TEXTILE EXPORT SECTOR. Honourable Sirs, Pakistan Hosiery Manufacturers & Exporters Association conveys its best wishes and compliments to your good self. It is indeed most unfortunate that there is utter discrimination in the Water Tariff for the Industrial Consumers of Karachi. [...]

Karachi (PR): The FBR has not yet issued modalities for collection of income tax under section 153-A recently introduced by the FBR in Finance Bill 2012-2013, lamented M. Jawed Bilwani, Chairman, Pakistan Apparel Forum. Section 153-A requires all manufacturers to collect 0.5% income tax from sales made to their distributor and wholesaler. As the modalities [...]

Karachi (PR): The FBR has not yet issued modalities for collection of income tax under section 153-A recently introduced by the FBR in Finance Bill 2012-2013, lamented M. Jawed Bilwani, Chairman, Pakistan Apparel Forum. Section 153-A requires all manufacturers to collect 0.5% income tax from sales made to their distributor and wholesaler. As the modalities [...]

KARACHI, (PR): While appreciating the State Bank of Pakistan move to slash its benchmark interest rate by 1.5% from 12% to 10.5% for the next two months, M. Jawed Bilwani, Chairman, Pakistan Apparel Forum stated that while this step would benefit some sectors, specially the stock sector. However, its impact would be limited and will [...]