Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) in its budget proposals for 2020-21 called for various steps to promote industrialization and enhance exports. PRGMEA urged for coming budget business friendly, lowering cost of production, paying early refunds to solve liquidity crunch, relaxing import policy for industrial raw material and uplifting exports across the country.

According to the budget proposal, PRGMEA seeks revival of SRO 1125 in its true shape and reintroduce the system of No Payment No Refund of Sales Tax for the five export-oriented sectors for one year. All stuck up claims of exporters Customs Rebates Sale Tax rebates should be released. The liquidity crunch is a major stumbling block in the way of improving exports. Apparel industry should be allowed to import fabric under SRO 492 scheme as weaving industry of Pakistan is unable to fulfil the demands of fashion wear. It is proposed that cotton yarn, the major raw material of the apparel sector should be exempted from all duties and taxes to encourage value addition.

PRGMEA suggested that the custom duty of seven per cent on import of polyester staple fibre including a range 20 per cent anti-dumping duty should be abolished to reduce the cost of production to compete in the market. Apparel industry should be allowed to import fabric under the SRO 492 scheme as the weaving industry of Pakistan is unable to fulfil demand of fashion wear.