AIRLINK 186.40 Increased By ▲ 1.71 (0.93%)
BOP 12.69 Decreased By ▼ -0.09 (-0.7%)
CNERGY 7.60 Decreased By ▼ -0.21 (-2.69%)
FCCL 40.50 Decreased By ▼ -0.34 (-0.83%)
FFL 14.90 Decreased By ▼ -0.28 (-1.84%)
FLYNG 27.31 Increased By ▲ 0.37 (1.37%)
HUBC 130.97 Decreased By ▼ -0.10 (-0.08%)
HUMNL 13.25 Decreased By ▼ -0.57 (-4.12%)
KEL 4.47 Decreased By ▼ -0.04 (-0.89%)
KOSM 6.04 Decreased By ▼ -0.10 (-1.63%)
MLCF 53.44 Increased By ▲ 2.21 (4.31%)
OGDC 212.50 Increased By ▲ 0.39 (0.18%)
PACE 6.09 Decreased By ▼ -0.20 (-3.18%)
PAEL 41.85 Decreased By ▼ -0.70 (-1.65%)
PIAHCLA 15.91 Decreased By ▼ -0.60 (-3.63%)
PIBTL 9.58 Increased By ▲ 0.64 (7.16%)
POWER 11.10 No Change ▼ 0.00 (0%)
PPL 173.00 Decreased By ▼ -2.00 (-1.14%)
PRL 34.02 Decreased By ▼ -0.71 (-2.04%)
PTC 23.35 Decreased By ▼ -0.59 (-2.46%)
SEARL 87.40 Decreased By ▼ -7.02 (-7.43%)
SILK 1.13 Decreased By ▼ -0.01 (-0.88%)
SSGC 32.41 Decreased By ▼ -0.70 (-2.11%)
SYM 15.65 Decreased By ▼ -1.46 (-8.53%)
TELE 7.99 Decreased By ▼ -0.26 (-3.15%)
TPLP 11.04 Decreased By ▼ -0.41 (-3.58%)
TRG 59.50 Decreased By ▼ -0.75 (-1.24%)
WAVESAPP 11.28 Decreased By ▼ -0.11 (-0.97%)
WTL 1.41 Decreased By ▼ -0.04 (-2.76%)
YOUW 3.81 Decreased By ▼ -0.12 (-3.05%)
AIRLINK 186.40 Increased By ▲ 1.71 (0.93%)
BOP 12.69 Decreased By ▼ -0.09 (-0.7%)
CNERGY 7.60 Decreased By ▼ -0.21 (-2.69%)
FCCL 40.50 Decreased By ▼ -0.34 (-0.83%)
FFL 14.90 Decreased By ▼ -0.28 (-1.84%)
FLYNG 27.31 Increased By ▲ 0.37 (1.37%)
HUBC 130.97 Decreased By ▼ -0.10 (-0.08%)
HUMNL 13.25 Decreased By ▼ -0.57 (-4.12%)
KEL 4.47 Decreased By ▼ -0.04 (-0.89%)
KOSM 6.04 Decreased By ▼ -0.10 (-1.63%)
MLCF 53.44 Increased By ▲ 2.21 (4.31%)
OGDC 212.50 Increased By ▲ 0.39 (0.18%)
PACE 6.09 Decreased By ▼ -0.20 (-3.18%)
PAEL 41.85 Decreased By ▼ -0.70 (-1.65%)
PIAHCLA 15.91 Decreased By ▼ -0.60 (-3.63%)
PIBTL 9.58 Increased By ▲ 0.64 (7.16%)
POWER 11.10 No Change ▼ 0.00 (0%)
PPL 173.00 Decreased By ▼ -2.00 (-1.14%)
PRL 34.02 Decreased By ▼ -0.71 (-2.04%)
PTC 23.35 Decreased By ▼ -0.59 (-2.46%)
SEARL 87.40 Decreased By ▼ -7.02 (-7.43%)
SILK 1.13 Decreased By ▼ -0.01 (-0.88%)
SSGC 32.41 Decreased By ▼ -0.70 (-2.11%)
SYM 15.65 Decreased By ▼ -1.46 (-8.53%)
TELE 7.99 Decreased By ▼ -0.26 (-3.15%)
TPLP 11.04 Decreased By ▼ -0.41 (-3.58%)
TRG 59.50 Decreased By ▼ -0.75 (-1.24%)
WAVESAPP 11.28 Decreased By ▼ -0.11 (-0.97%)
WTL 1.41 Decreased By ▼ -0.04 (-2.76%)
YOUW 3.81 Decreased By ▼ -0.12 (-3.05%)
BR100 11,869 Decreased By -51.1 (-0.43%)
BR30 35,588 Decreased By -219.5 (-0.61%)
KSE100 113,252 Decreased By -532.6 (-0.47%)
KSE30 35,194 Decreased By -193.2 (-0.55%)

Chairman of All Pakistan Textile Mills Association (APTMA) Tariq Saud has said the liquidity crunch of large manufacturers cum exporters has started hurting the textile industry exports seriously due to the pending sales tax refunds. Consequently, he said, the manufacturing of exportable goods is being compromised heavily.
He said the Ministry of Finance has announced liquidation of refunds up to Rs 5 million in cases where the Refund Payment Orders have been issued from March 15 to 30.
"This is a positive development and the textile industry is grateful to the Federal Finance Minister Ishaq Dar," he added.
However, he said, it will not resolve the liquidity issues of major manufacturers cum exporters, each of whom has got stuck-up hefty outstanding amounts as refunds up to Rs 500 million.

Copyright Business Recorder, 2016

Comments

Comments are closed.