Business
Textile units may need NOC for incentives
字号+ Author:Smart News Source:Sports 2025-01-11 15:59:52 I want to comment(0)
ISLAMABAD: Textile units of cotton cess may need to obtain a No Objection Certificate (NOC) from the Pakistan Central Cotton Committee (PCCC) to avail of subsidies, secure import and export permits, and take advantage of government incentives or packages. Alternatively, the amount of cess should be recovered through the Federal Board of Revenue, while the federal government could provide funds for research and development and ERE. These proposals were discussed during the PCCC’s governing body meeting on Thursday. Minister for National Food Security and Research Rana Tanveer Hussain deliberated on critical issues surrounding the cotton cess and restructuring of the PCCC to revitalise its operations. The minister expressed serious concerns over the past eight years’ delays in resolving the cess-related disputes, which have adversely impacted PCCC’s efficiency and its contributions to cotton research and development (R&D). A press release of the ministry says that immediate measures were proposed to resolve the cess issue, ensure recovery of outstanding dues, and restore PCCC’s financial stability. The minister reiterated the government’s commitment to supporting growers and strengthening PCCC’s role as a key institution for the cotton sector and thanked the governing body members for their valuable input for an amicable solution to the prevailing situation. To address current challenges, the Ministry of National Food Security and Research, in collaboration with the Commerce Ministry, plans to host a National Cotton Conference in Multan on Feb 4, 2025. The conference will serve as a platform for stakeholders to devise sustainable strategies for the recovery and growth of the cotton industry. The ministry has already held several meetings with the All Pakistan Textile Mills Association (Aptma) and the Pakistan Cotton Ginners Association (PCGA) to address the payment of cotton cess. The ministry’s secretary recently informed the National Assembly Standing Committee that there had been little to no increase in the cotton cess over the past decade or only a minimal rise.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
پہلے ٹیسٹ میچ میں جنوبی افریقہ نے پاکستان کو دو وکٹوں سے شکست دی۔
2025-01-11 15:42
-
میگھن مارکل کی انسٹاگرام واپسی 2025 کے لیے کیا اشارہ کرتی ہے؟
2025-01-11 15:21
-
پرنس جارج، چارلوٹ اور لوئیس کا پہلے سے کہیں زیادہ مضبوط رشتہ
2025-01-11 13:43
-
مہگان مارکل نے شہزادہ ہیری کے خیال کی مخالفت کر کے انہیں رولا دیا۔
2025-01-11 13:32
User Reviews
Recommended Reads
Hot Information
- بابر اعظم آئی سی سی مینز ٹی ٹوئنٹی کرکٹر آف دی ایئر ایوارڈ کے لیے نامزد
- اسلا فشر طلاق کے بعد آگے بڑھتے ہوئے شکرگزاری کو اپناتے ہوئے
- ٹیلر سوئفٹ نے چیفس کے می کول ہارڈ مین کے ساتھ ایک سالہ دوستی منائی۔
- شفقت علی خان نئے ترجمان وزارت خارجہ مقرر ہوئے۔
- بابر اعظم آئی سی سی مینز ٹی ٹوئنٹی کرکٹر آف دی ایئر ایوارڈ کے لیے نامزد
- کررم میں اضافی سیکیورٹی اقدامات کی یقین دہانی، بیرسٹر سیف نے دی
- پرنس جارج، چارلوٹ اور لوئیس کا پہلے سے کہیں زیادہ مضبوط رشتہ
- میگھن مارکل کی جانب سے دھماکہ خیز تبدیلی کے بعد پہلی کامیابی حاصل کرنا
- نیوکاسل کے اساک اور جوئلینٹون نے مانچسٹر یونائیٹڈ کو مسلسل چوتھی شکست سے دوچار کیا۔
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content