Pakistan Apparel Forum has sought intervention of the Ministry of Textile for the release of big amount of pending claims of drawback on taxes and levies to bail out the exporters who were faced with liquidity crunch.
"We most earnestly request your goodself to release the amount of more than Rs one billion already lying with MINTEX or State Bank of Pakistan for disbursement to exporters against their duty drawback claims, "Chairman PAF Muhammad Jawed Bilwani addressed the Secretary MINTEX in a letter.
He said that the textile exporters had serious problems in meeting their export commitments and run their factories for want for funds. He also demanded the release of the previous R & D claims of the exporters pending with State Bank of Pakistan. The release of this amount would provide some financial space to the exporters.
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