Export package: PRGMEA irked by delay in release of funds

LAHORE: In the backdrop of the country’s poor export performance, the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) demanded on Monday speedy implementation of the revised package for 2017-18.

PRGMEA representatives also urged adopting an aggressive marketing plan to enhance exports and get the maximum benefit of the GSP Plus status.

PRGMEA Senior Vice Chairman Sheikh Luqman Amin appealed the finance ministry to release funds without further delay, claiming that more than 30% of sales tax refunds and customs rebate claims have not been transferred which is creating a liquidity crisis for exporters.

“The finance ministry has still not released the major chunk out of the previous Rs180 billion PM package which was to be processed from January 2017,” he said. 

Published in The Express Tribune, March 20^th, 2018.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.