Author Topic: Textile Sector  (Read 461605 times)

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Offline zelmc

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Re: Textile Sector
« Reply #2239 on: June 14, 2019, 05:22:51 PM »
Please share if anyone has got a report on the impact of withdrawal of zero rating regime on the earnings of major industry players like NML, NCL, GATM, FML, KTML, FZCM.

Pakinvestorsguide

Re: Textile Sector
« Reply #2239 on: June 14, 2019, 05:22:51 PM »

Offline kamranbutt_dada

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Re: Textile Sector
« Reply #2240 on: June 14, 2019, 08:06:15 PM »
Please share if anyone has got a report on the impact of withdrawal of zero rating regime on the earnings of major industry players like NML, NCL, GATM, FML, KTML, FZCM.

Profit margins will be reduced now on all of them but rupee devalue will pay its part on their exports.

Offline rameez1

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Re: Textile Sector
« Reply #2241 on: June 14, 2019, 10:42:09 PM »
The impact will be on the cash flows of textiles. I was speaking to an owner of one such textile export player, he said this is a withholding tax against which govt has issued units of promissory notes in Central Depository Company. Now the real issue is that these promissory notes don't have a secondary market like bonds which are treated as cash equivalent. Businesses are not accepting these promissory notes as payments.

Offline trader1

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Re: Textile Sector
« Reply #2242 on: June 15, 2019, 05:35:12 AM »
Textile is the largest export industry of Pakistan.

Price of dollar increased 50% from 100 to 153 Rs therefore this will also increase the revenue of textile 50%.

The loans taken by textile industry about 5 to 10 years ago can be easily paid if the APTMA and other associations have some common sense.