Staff Reporter
Karachi
Mian Anjum Nisar, President, Federation of Pakistan Chambers of Commerce & Industry (FPCCI) held a comprehensive detailed meeting with the leading export oriented sector at PHMA House, Karachi with Pakistan Apparel Forum and urged the Government to honour its commitment with the export sector. The President, FPCCI said that the exporters are in real fixed and under stress as Government is not implementing the decision it has taken to support export oriented sector. The Advisor to Prime Minister on Finance promised that the refunds will not get stuck up whereby he and his team have made a commitment that after passing of budget, his team will hold meetings with exporters and devise an automated system like in Bangladesh or China. Through the automated system, exporters will get a major amount from bank or the State Bank and would not be dependent on the FBR. Advisor Finance promised that if the new refund system will not work, the govt. will revisit its decision in 3-6 month period. Since more than 8 months have been passed and the FBR FASTER system has failed for speedy refunds, therefore, the Govt. should honour their commitment and restore zero rating – No Payment No Refund Regime for the export sectors.
