Thursday, 29 February 2024
Trending
DLTL-tax-refunds-Ministry-of-commerce-SBP
Businesses

Non-textile sector DLTL refunds approved

To facilitate exporters, the Ministry of Commerce has approved Rs. 213 million under the ‘Draw Back of local taxes and levy (DLTL) refunds for the non-textile sector.

“I am pleased to announce that Rs 213 million has been sanctioned for DLTL payments in the non-textile sector,” Abdul Razzaq Dawood, Advisor to the Prime Minister on Trade and Investment, said in a statement on Wednesday.

Abdul Razzaq Dawood | Advisor on Trade & Investment |

If you want to become active tax filer or want to get tax, accounting and corporate services in Pakistan then we are here to provide you professional services! Call: 0092-3334875413 | www.globaltaxconsultants.pk
Abdul Razzaq Dawood Tweets

State Bank of Pakistan (SBP) holds the such funds and will provide to the concerned exporters soon, the adviser said. “Our policy is not to impose any barriers to business capital for our exporters,” he said. He added that he hoped the payment would make it easier for non-textile exporters.

Despite the global economic slowdown caused by the COVID-19 epidemic, Pakistan’s non-textile exports have seen healthy growth. During July-December 2020, pharmaceutical exports increased by 25% to US138 million, ethyl alcohol (industrial) by 14pc to US182 million, tobacco and cigarettes by 84.50pc to US29 million, and processed foods by 120pc. Reached Usd25 Million.

See also  Government Reopens Applications Under Kamyab Jawan Loan Program

Earlier, in December 2020, Pakistan’s exports increased by 18.3pc to 2.357 billion. As compared to US 1.993 billion in December 2019, an increase of US 364 million over December 2019.

Top-Tax-Consultants-Lahore-Pakistan-Global-Tax-Consultants
A d v e r t i s e m e n t

Source |

LATEST POSTS

TaxUrdu.com

Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

[contact-form-7 id="11414" title="Contact form 1"]

Tax.net.pk - Your Tax Experts and Consultants

Welcome to Tax.net.pk

Providing Expert Tax Services for Individuals and Businesses

About Us

At Tax.net.pk, we are dedicated to providing comprehensive tax solutions tailored to meet the needs of individuals and businesses. With years of experience in the industry, our team of tax experts is equipped to handle various tax matters, including tax planning, preparation of tax returns, and compliance.

We strive to stay up-to-date with the latest tax laws and regulations, ensuring that our clients receive accurate and reliable advice. Our commitment to client satisfaction and our in-depth knowledge of the tax landscape make us the trusted choice for all your tax-related needs.

Contact Us

For inquiries or to schedule a consultation, please reach out to us: