Owners of the five zero-rated sector associations, who have been excluded from tax exemption in the new budget, protested across the country on Friday.
They said that the present budget had delivered a fatal blow to exporters’ liquidity and demanded the restoration of
̵6;no-payment
̵1; no-refund’
system.
The protesters belonged to the following trade associations: the Council of All Pakistan Textile Associations, Pakistan Apparel Forum, Pakistan Hosiery Manufacturers & Exporter
s Associa
tion, Pakistan Readymade Garm
ents Manufacturers & Exporter
s Associa
tion, Pakistan Knitwear and Sweater Exporter
s Associa
tion, Pakistan Cotton Fashion Apparel Manufacturers & Exporter
s Associa
tion, Pakistan Bed-ware Exporter
s Associa
tion, Towel Manufacturer
s Associa
tion, Pakistan Cloth Manufacturer
s Associa
tion, Pakistan Denim Manufacturers & Exporter
s Associa
tion, All Pakistan Textile Processing Mill
s Associa
tion, All Pakistan Bedsheets & Upholstery Manufacturer
s Associa
tion, Pakistan Textile Exporter
s Associa
tion, Pakistan Weaving Mill
s Associa
tion, Pakistan Textile Sizing Industry Associa
tion, All Pakistan Cotton Power Loom
s Associa
tion, Council of Loom Owner
s Associations, Surgical Instrum
ents Manufacturer
s Association of Pakistan, Pakistan Leather Garm
ents Manufacturers & Exporter
s Association of Pakistan, Pakistan Tanner
s Associa
tion, Pakistan Sports Goods Manufacturers & Exporter
s Association and the Pakistan Carpet Manufacturers & Exporter
s Association of Pakistan.
