Textile Exporters fear GoP could not release refunds in FY20-21 and deliberating to operate or close their industries: BILWANI

Textile Exporters are fearing that Government in FY2020-21 would not be a in a position to refunds of 17% sales tax to exporters as well as customs rebate, duty drawback as of today a huge amount of worth billions of rupees of exporters is still stuck up with the Government… Continue reading

In budget GOP must act upon the suggestions of Textile Exporters instead of Financial Managers whose unrealistic advisories were flopped in FY2019-20 

Government’s Economists & Financial Managers expertise and knowledge have failed due to lack of practical exposure towards the industry and businesses as well as recession caused by pandemic like COVID19. The unrealistic and inconsequential measures taken in the last budget have brought devastating effects on the Value-Added Textile Export Industry… Continue reading

Readymade garments manufacturers & exporters demand immediate tax refunds, restoration of SRO 1125

KARACHI: Shaikh Shafiq Jhokwala, Chairman (Central) and Amir Amin Kothawala, Chairman (South Zone),  Pakistan Readymade Garments Manufacturers & Exporters have stated that the value added textile export sector has reached to the edge of disaster due to severest ever liquidity crisis in the history of Pakistan caused due to imposition… Continue reading

Phma Demands SBP to Approve Reallocation of Sanction Limit to Authorized Banks Suffice to Meet Demand for Credit from Exporters in Respect to Export Refinancing

“In view of global slowdown and deadly effects of COVID19 on the business in Pakistan and to facilitate the exporters in respect to their increasing need of export refinancing, it is direly need that the State Bank of Pakistan must consider reallocation/ upward revision of sanction limit to the Authorized… Continue reading