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Pakistan exporters vexed over non release of customs rebate, ST refunds

Related Keywords: at stake for liquidity shortfall, backlog of refunds, Chairmand Muhammad Jawed Bilwani, Computerized Refund System, Pakistan Apparel Forum, Pakistani value added textile exporters, pushing exporters to financial crisis, sales tax refunds, scaling down textile manufacturing, vexed over the non-release of their customs rebate

The Pakistani value added textile exporters vexed over the non-release of their customs rebate and sales tax refunds that came to huge amount scaling down the textile manufacturing and pushing the exporters to financial crisis. The Pakistan Apparel Forum Chairman, Muhammad Jawed Bilwani called the backlog of the refunds a 'dilemma', saying that the textile manufacturing was at stake for liquidity shortfall.

Pakistan textile industry’s growth hit over energy crisis and stalled liquidity

Related Keywords: APTMA, energy crisis, Federal policy 2014-19, Pakistan textile industry, sales tax refunds, stalled liquidity, structural imbalance, textile growth

All Pakistan Textile Mills Association (Aptma) has urged the government to ensure uninterrupted electricity supply to textile industries and speedy processing and liquidation of sales tax refunds.
 
The textile industry’s sustainability and growth are being damaged due to constriction in energy supply and liquidity crunch, said Yasin Siddik, central chairman of Aptm.
 
Energy supply constraints have led to forced closures of production capacities to the extent of 40 to 50 percent.
 

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