Pakistan Hosiery Manufacturers Association (PHMA) (North Zone) expressed concern over the Notification of Export Promotion Bureau (EPB) and said that exporters would heavily suffer if no immediate remedial measures were taken at this crucial juncture of quota phase-out. In a press statement, he said that the EPB Notification restraint on the issuance of visa to the USA in Hosiery Quota Categories 347/348 and 338 due to high-level of fill rate and strong probability of embargo in these categories.
It was not understandable who the fill rate in these categories have gone so high even when there was quota still pending in the Categories Passbook (CPBs), he added.
He emphasised that goods were in transit and visas issued by the EPB to the exporters should be got cleared at US ports. A high level intervention is urgently required to clear these goods, he added. Salamat Ali demanded that the EPB should compensate the exporters by paying them the cost of goods and if the buyers accepted shipment on January 1, 2005, the EPB should pay the cost of airfreight.