Patron-in-Chief of Pakistan Leather Garments Manufacturers & Exporters Association (PLGMEA) Fawad Ijaz Khan and Chaudhry Ahmed Zulfiqar Hayat Chairman PLGMEA has demanded from the government to announce the package for leather garments and leather goods sector instead of supporting only Textile Sector. State Bank of Pakistan has announced 1 percent reduction in Export Refinance Rate for Textile Sector products only from 2nd November 2015 vide IH&SMEFD Circular no.17 of 2015 dated 30th October 2015.
Fawad Ijaz said that Prime Minister Nawaz Sharif had assured support for all export sectors in a meeting with the representatives of export associations in September 2015.
Fawad Ijaz aslo urged the Prime Minister and Finance Minister to treat export sector equally and announce 1 percent reduction in export refinance rate to 3.5 percent from 4.5 percent presently for all exports.-PR