FAISALABAD. Whole the sector of textile cloth manufacturing from cotton ginning, spinning, weaving, finishing, to printing, should be brought under complete documented accounting system to reduce the unpleasantness between tax collectors and manufacturers. One of the most serious challenges that need to be tackled in the forthcoming budget is the growing undocumented, or informal, sector of the economy, these views were expressed by Dr. Babar Jamal Director Institute of Business Studies in a press statement.
He said Faisalabad which is the big hub of textile product exports require friendly relationship with tax machinery to attain global price competitiveness. He said it is a matter of deep consideration that some pressure groups through the influence of media and threats for strikes, dharnas, bringing bad repute in the international markets about the weaknesses of our productivity affairs. He added only the documented accounting system is the solution of all problems.