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 › General › PPI Original Text (PPI-OT) – Zero rating proposed for weaving industry for Budget FY13 – Alfalah Securities Limited

PPI Original Text (PPI-OT) – Zero rating proposed for weaving industry for Budget FY13 – Alfalah Securities Limited

Web Desk May 28, 2012     No Comment     General

Karachi, May 28, 2012 (PPI-OT): The government intends to extend zero rating facility to sizing, weaving and warping industry in the upcoming Budget FY13.

According to Alfalah Securities Limited, at present, a rate of 5% is applicable on unregistered segments of textile industry. This is done to provide incentive for the growth of small and medium enterprises covered under this segment and is positive for the sector.

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