Pakistan Textile Exporters Association (PTEA) has stressed for expeditious disbursement of all outstanding refunds as the Covid-19 pandemic has significantly impacted the cash flow squeezing the financial streams.

Commenting over the prevailing situation here on Wednesday, Chairman PTEA Sohail Pasha expressed serious concerns over unnecessary delay in disbursement of pending refunds of exporters despite the commitment of the Government for liquidation of Rs 100 billion pending refund claims to save the export industry from the adverse impacts of Covid-19 pandemic.

PTEA's Patron-in-Chief Khurram Mukhtar was of the view that the most affected value chain for Pakistan was textiles and apparel which had faced large scale cancellation or deferral of export orders. He demanded restoration of zero-rated regime for five export sectors and sustainable energy tariff for five years. He urged for payment of textile policy incentives Technology Up-gradation Fund (TUF) and Mark-up Support subsidy to keep industrial wheels running and save the livelihood of millions.

Vice Chairman PTEA Haris Yousaf urged the government to take preventive measures and develop strategy to protect the pace of economic and trade progress of Pakistan from likely impacts of world economic slowdown.