{"id":47972,"date":"2019-01-24T14:14:43","date_gmt":"2019-01-24T09:14:43","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=47972"},"modified":"2019-01-25T17:16:11","modified_gmt":"2019-01-25T12:16:11","slug":"ptea-lauds-measures-proposed-in-mini-budget","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/ptea-lauds-measures-proposed-in-mini-budget.html","title":{"rendered":"PTEA lauds measures proposed in mini-budget"},"content":{"rendered":"<p>Lahore: Pakistan Textile Exporters Association (PTEA) has lauded the measures proposed by the government in its <a href=\"https:\/\/www.zameen.com\/news\/mini-budget-interest-free-credit-for-low-cost-houses-announced.html\" target=\"_blank\" rel=\"noopener noreferrer\">mini-budget announcement<\/a>. In a publication, the national exporters\u2019 body has expressed its support for what it deems the \u2018revolutionary initiative taken by the government.\u2019<\/p>\n<p>The measures outlined in the budget announcement include:<\/p>\n<ul>\n<li>Abolition of Withholding Tax on filers<\/li>\n<li>Resolution of refunds for exporters through promissory notice<\/li>\n<li>Resolution of issues related to the Gas Infrastructure Development Cess (GIDC) Act<\/li>\n<li>Reduction\/abolition of custom duties on industry-related raw materials<\/li>\n<li>Tax exemption through greenfield projects<\/li>\n<\/ul>\n<p>The advertisement notes that these steps will boost investments, exports, jobs availability, and savings. They will also promote economic activity inside the country.<\/p>\n<p>Adviser to Prime Minister on Commerce, Textile, Industry, Production and Investment Abdul Razak Dawood had previously made some announcements to this effect. He had said that the government will take steps to ease tariffs and duty structures in the next mini-budget. These revisions, according to the adviser, will help boost industrialisation.<\/p>\n<p>According to analysts, the government has come through on its commitments through the new changes announced in its mini-budget.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: Pakistan Textile Exporters Association (PTEA) has lauded the measures proposed by the government in its mini-budget announcement. In a publication, the national exporters\u2019 body has expressed its support for what it deems the \u2018revolutionary initiative taken by the government.\u2019 The measures outlined in the budget announcement include: Abolition of Withholding Tax on filers Resolution of refunds for exporters through promissory notice Resolution of issues related to the Gas Infrastructure Development Cess (GIDC) Act Reduction\/abolition of custom duties on industry-related raw materials Tax exemption through greenfield projects The advertisement notes that these steps will boost investments, exports, jobs availability, and savings. They will also promote economic activity inside the country. Adviser to Prime Minister on Commerce, Textile, Industry, Production and Investment Abdul Razak Dawood had previously made some announcements to this effect. He had said that the government will take steps to ease tariffs and duty structures in the next mini-budget. These revisions, according to the adviser, will help boost industrialisation. According to analysts, the government has come through on its commitments through the new changes announced in its mini-budget.<\/p>\n","protected":false},"author":57,"featured_media":37421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[10078],"persona":[],"class_list":{"0":"post-47972","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-ptea-lauds-measures-proposed-in-mini-budget"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PTEA lauds measures proposed in mini-budget - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: Pakistan Textile Exporters Association (PTEA) has lauded the measures proposed by the government in its mini-budget announcement. 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