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PRGMEA urges govt to facilitate exports growth

The Pakistan Readymade Garments Manufacturers' and Exporters' Association (PRGMEA) has sought early discharge of export relating statements made by the government in recent past. It has also sought a direct intervention from the prime minister in this regard.

PRGMEA leadership, including the Senior Vice Chairman Sohail A Sheikh and Chief Co-ordinator Ijaz A Khokhar, has demanded zero-rating regime announced by the Prime Minister forthwith and not from July 2016 besides issuance of bonds for the exporters as per the federal finance minister. PRGMEA says the government should honour commitment and restore exporters' confidence. The government had assured of releasing bonds within one week but nothing has happened despite lapsing a considerable period. A trust deficit has hampered the liaison between the government and business community, which is needs to be removed, suggested Khokhar.

PRGMEA’s senior vice chairman said no one from the government is serious about stopping freefall of exports amidst GSP Plus status from the EU. He urged the PM to intervene and take appropriate steps to save the export-oriented sectors. Apart from the sales tax refunds, billions of rupees under the textile policy initiatives like DLTL are still held up for which funds should be released immediately, added Sheikh.

 
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