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EPZ Council criticizes controversy on drawback facility
24
Nov '09
The controversy created on availing 3 percent duty drawback facility on the exports of garments and home textiles from the Karachi Export Processing Zone (KEPZ) despite the clear notification of the Ministry of Textile Industries, was criticized by KEPZ Business Council.

In the current situation, when so many factories have already witnessed closure and rest of the others are going through liquidity crunch on account of recession and dire economic conditions in the countries importing Pakistani textiles, it is necessary to allow drawback facility, said the council.

Manufacturing activities will remain non-competitive in the zone if the drawback facility will not be allowed and this will force more textile factories in the zone to close down leaving thousands of workers without jobs.

The government will lose $200 million per year in exports, in case of closure of garments factories in KEPZ. Whereas, in EPZs in Bangladesh and Sri Lanka the picture is totally reverse. EPZs in these countries are in blooming phase and are working at full capacity with exports in billions of dollars and no further space available in these zones.

KEPZ Business Council urged the government not to discriminate manufacturers and exporters of tariff and non-tariff area. It was decided that the KEPZ investors would meet the Chairman of EPZ and the Textile Minister, under whose purview the EPZs are functioning.

Fibre2fashion News Desk - India


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