Business

‘Exports suffering due to late payments’

The Ministry of Textile Industry has already notified the revised PM’s package for exporters

Our Correspondent November 24, 2017

FIle photo: Children garments prepared by female tailors of the Bazaar. PHOTO: AYESHA MIR/EXPRESS

LAHORE: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has asked Prime Minister Shahid Khaqan Abbasi on Thursday to give directives for timely release of funds and implementation of Prime Minister’s export package announced earlier.

PRGMEA (North Zone) Senior Vice Chairman Sheikh Luqman Amin denounced the finance ministry and the Federal Board of Revenue (FBR) for delaying the PM export package, urging the government to release funds to the central bank for disbursement of duty drawback of taxes to the exporters, as only the immediate payment of all outstanding refunds of sales tax would save the industry.

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The Ministry of Textile Industry has already notified the revised PM’s package for exporters immediately after the approval of ECC but the finance ministry has been using delaying tactics.

Published in The Express Tribune, November 24^th, 2017.

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