Aptma seeks review of export scheme

KARACHI: Textile ind­ustry has sought urgent removal of yarn and fabric from Export Facilitation Scheme (EFS) import scheme in budget FY26 to save the domestic textile value-added chain from complete collapse.

“Subjecting local supplies to 18 per cent sales tax while bestowing zero-rated on imports is an anti-Pakistan policy that is bleeding the economy wi­­thin,” Aptma Central Cha­irman Kamran Arshad, Pakistan Cotton Ginners Association (PCGA) Vice Chairman Mahesh Kumar and Karachi Cotton...