Exporters Of Woven Garments In Pakistan Face Liquidity Difficulties
Pakistan
Woven garments
Exporters are facing difficulties in working capital, because billions of rupees, customs rebates and sales tax rebates are stranded in government accounts, said Nasir, President of the North District branch of PRGMEA, the Pakistan apparel and Garment Manufacturers Association.
Nasir said that under the pressure of financial verification, a large number of export units of woven garments are hard to survive.
He added that another 23 billion 420 million rupee tax rebate was placed in the government.
account
。
Nasir also said that duty rebates and sales tax rebates should be computerized and should be automatically released according to the plan.
However, the relevant government departments have not made any action so far.
The indifference of government policymakers has exasperated exporters, who have suffered serious problems.
energy shortage
。
The delegations of the association have made representations with the relevant government departments, but have not received any feedback.
It is worth mentioning that the export of woven garments increased by 40% in the 2010-11 fiscal year, and the average unit price doubled.
Nasir asked the government to ensure that it was woven into garment units.
release
Accumulated funds should not be delayed again to maintain the growth momentum of woven garment units.
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