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PTEA demands immediate payment of refunds.

FAISALABAD -- Pakistan Textile Exporters Association (PTEA) has demanded to ensure immediate payment of outstanding sales tax refunds as stuck-up working capital is the major hurdle in the promotion of exports.

Expressing concern over outstanding amounts of exporters in refund regimes, PTEA chairman Sheikh Ilyas Mahmood, Chairman and vice chairman Adil Tahir said that it was creating difficulties in business flow and hampering the export growth and turn-over.

They said that textile exports of the country are squeezing due to non-availability of funds.

The PTEA office bearers demanded the government to bail out textile industry and exports by removing hurdles and provision of necessary incentives to increase the textile exports of the country.

They demanded immediate release of blocked funds in refund regimes enabling the textile exporters to reap the benefits of GSP plus status.
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Publication:Balochistan Times (Baluchistan Province, Pakistan)
Date:Feb 12, 2014
Words:134
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