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Related Keywords: FBR, garment export, GSP Plus scheme, liquidity crunch, Pakistan exporter, Pakistan garment sector, refund claims

Pakistan garment sector that exports more than 80 per cent of their merchandise, are facing liquidity crunch due to its huge capital stuck-up by the FBR. Although the FBR’s software system of RCPS is very excellent which completes refund process system within one month but finance ministry’s undue interference causes blockage of refund claims to the exporters, as presently more than 80 per cent textile exporters refund of over Rs10 billion is stuck by the FBR.
 

Related Keywords: GSP, Pakistan exporters, refund claims, textile sector

Pakistan textile exports in quantity and value terms have been unsuccessful in gaining momentum and have remained below the desired level. Moreover, huge amounts for its exporters stuck in refund regimes.

The Pakistan Textile Exporters Association (PTEA) has sought immediate intervention of the government for the release of huge amounts for its exporters stuck in refund regimes, demanding zero ratings on textile exports.