Pakistan'S Parliament Thinks The Government Extends The 15% Export Duty Of Yarn.

Pakistan Congress textile industry Standing Committee On Tuesday, it suggested that the government extend the 15% regulatory tax on the expropriation of yarn exports until August 26th, instructing the Ministry of textiles to enact laws to crack down on the hoarding of cotton and yarns of the spinning factory owners so that they can keep inventory for no more than 3 months and submit these questions at the next meeting of the Standing Committee of the textile industry.

The Standing Committee of the textile industry of the parliament discussed the problems with the banking sector and the textile sector. yarn Problem. Loans and other banking problems were not resolved at this meeting because the meeting lacked the leadership of major banks.

The Standing Committee of the national textile industry is not satisfied with the president of the state bank and the president of the other six main banks who did not take part in the meeting. The Committee recommended yarn Exit The 15% of the adjusted tax should be extended to August 26, 2010, and the adjustment tax was scheduled to end in July 26, 2010. The Standing Committee of the Congressional textile industry instructed the governor of the central bank and the Bank of Pakistan, the Bank of Punjab, the unified bank, Habib bank, Muslim bank and joint bank president to ensure their participation in the next committee meeting.

All the major banks, including representatives of the State Bank of Pakistan, attended the meeting. However, the committee expressed disappointment that these representatives lacked the right to decide.