Home / Knowledge / News / Textiles / Textile exporters urge apex bank to settle R&D dues
Textile exporters urge apex bank to settle R&D dues
09
Nov '09
The Pakistan Textile Exporters Association has requested the apex bank in the country to disburse the R&D claims of the textile exporters, since the bank has received the proceeds from the Ministry of Finance.

Khurram Mukhtar, Chairman, and Sohail Pasha, Vice Chairman, of the Association said that since the exporters are facing a serious liquidity crunch, it would be appropriate if the funds were released since, procedure for disbursement of the remaining 60 percent R&D claims have already been finalized.

They said that 60 percent of the R&D claims were pending since the last one year and as and when the State Bank of Pakistan was approached for clearing the dues, the bank pointed towards the finance ministry for not releasing the funds.

Fibre2fashion News Desk - India

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Apparel/Garments | On 24th May 2017

G-III Apparel enters into license agreement with PVH

G-III Apparel Group has entered into a multi-year license agreement...

Textiles | On 24th May 2017

Co-optex records Rs 315 cr sales in 2016-17

Tamil Nadu Handloom Weavers' Co-operative Society, Co-optex, has...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search