Lahore—Denouncing the Federal Board of Revenue and Finance Ministry for opposing the Prime Minister’s Rs170 billion package for exporters, the textile industry has asked PM Nawaz Sharif to announce the package without any delay.
The new chairman of PRGMEA Ijaz Khokhar said that the textile industry would welcome the PM decision. “We hope the govt will fulfil its commitment to restore the confidence of the exporters”. He also asked the government to honour its pledge to clear pending tax refunds of exporters, without any delay.
PRGMEA Chief was of the view that the exporters had to give entire year’s base price to the buyers in January, adding in case the package is delayed buyers will slip. “Incentives will not be affective till Prime Minister takes ownership of exports” he added. He said that is a matter of concern for the country that despite GSP Plus window, exports of the country are showing declining trend and related workforce is losing their jobs. The government should adopt pro-export policies and ensure their effective implementation so that country could continue its journey to development and prosperity. He said that exports of country are major source of providing employment and earning foreign exchange for the country but they are under heavy internal and external pressures. Therefore they should be given priorities in solution of their problems so that economic prosperity can be achieved.
Ijaz Khokhar further stated that Prime Minister should appoint a full time Minister for Textile Industry as early as possible so that he could play proactive role. PRGMEA vice chairman Jawwad Ch observed that it was unfortunate that none of the relevant ministries bothered to approach the industry for taking any preventive measures to stop freefall of export despite GSP Plus status by the EU.
PRGME requests the PM to intervene personally and take daring steps to save all export oriented industries. He also expressed his concerns that most of the promises of the government for support of export oriented sectors remained unfulfilled. Therefore notification of the package should be issued immediately.
He further said that, apart from sales tax refunds, billions of rupees under the textile policy initiatives like DLTL are still held up which should be released.