Related Keywords: cash crunch, drawback on local taxes and levies, Federal Board of Revenue, Pakistan textile industry, Pakistan value-added textile sector, payable to exporters, PRGMEA, sales taxes, textile export
Pakistan value-added textile sector hamstrung by cash crunch as more than Rs 205 billion refunds has been stuck up with the government. Federal Board of Revenue (FBR) still withholds more than Rs 13 billion under Drawback on Local Taxes and Levies (DLTL) claims and about Rs 17 billion sales taxes under refund claims, causing immense problems to the textile industry, according to Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA).
