PRGMEA terms FBR as biggest hurdle in industrialisation textile exports

ISLAMABAD-The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has termed the FBR as the biggest hurdle in the way of industrialisation, as the tax agency, instead of promoting the industry, tries best to discourage the manufacturing sector and export, collecting more than 51 percent tax revenue from manufacturing sector, with just 13 percent share in GDP, but the agri sector, which constitutes more than 26 percent of the GDP, contributes mere 2 percent of the tax income in the country. PRGMEA Central Chairman Mubashar Naseer Butt suggested the government to disband the Federal Board of Revenue (FBR), as this…