The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has appreciated the Federal Board of Revenue to resolve the issue of 5 percent Withholding Sales Tax issue, which will now be imposed on exporters’ purchases from unregistered persons on their exports’ percentage basis.
PRGMEA regional chairman Sheikh Luqman Amin, in a statement issued here Friday, observed that the settlement of longstanding issue of export-oriented SME sector indicates that the FBR is very much in the favour of the revival of industry and growth of exports for the maximum employment generation in line with the vision of PM Imran Khan. He said that Sialkot is the hub of SME sector, which extremely needs the working capital for its smooth operations.
