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Related Keywords: decision to reduce, duty drawback, from 7.6 to two percent, garment units fell under the MSME category, Government urged to reconsider, hit hard garment sector in neighbouring, knitwear export sector, Tirupur export garment sector, Tirupur Exporters Association

The government urged to reconsider the decision to reduce the duty drawback to knitwear export sector from 7.6 to two percent as it would hit hard the garment sector in neighbouring Tirupur export garment sector said , Tirupur Exporters Association president Raja M Shanmugham.

It has come as a rude shock to exporters, who are already facing severe competition in the global market, he said and appealed to the government to have a re-look at the issue.

Related Keywords: boost Pakistani export, drawback on local taxes and levies, duty drawback, including value added textile industry, Pakistan government, PRGMEA, refund payments against sales tax, support five export oriented industries, zero-rated regimes

The Pakistan Government has provided all its possible support to ensure inclusive growth and employment generation in five export oriented industries including the value added textile industry and boost Pakistani export.

Related Keywords: duty drawback, Textile exporter

Textile exporters being deferred from timely release of duty drawback amounts. The Drawback claims which in fact should be released in two weeks after exports are pending since September 2013 from all the major ports, due to the delay in releasing DBK amount the exporter are going to tight cash flow situation, as the textiles industry by and large operates between 3 to 5% net profit.

Any delay in getting the drawback amounts, textiles exporters have to going through financial intricacy whereby affecting at hand exports.