PHMEA North Zone has rejected withdrawal of zero rating

Vice Chairman, Pakistan Hosiery Manufacturers and Exporters Association (PHMEA), North Zone, Faisal Mahboob has rejected withdrawal of zero rating on the local sales of five zero-rated sectors without consulting major stakeholders. In a press statement, Mahboob said that the five zero-rated export sectors are already facing difficult times and now, withdrawal of the zero-rating would create huge problems for the entire cotton supply chain, while massive number of resources would be stuck up.