Following Pakistan’s poor exports performance, the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) wants a speedy implementation of the revised prime ministers package for exporters for 2017-18 along with an aggressive marketing plan to get the maximum benefit from the generalised system of preferences (GSP) plus status.
PRGMEA senior vice chairman Sheikh Luqman Amin recently appealed to the finance ministry to release the funds without delay, as more than 30 per cent cash flow has been blocked in the form of sales tax refund and Customs rebate, which is adversely affecting liquidity, according to Pakistani media reports.
He also suggested setting up of a product and packaging centre to ensure better packaging and formulation of sector-wise policies.
Foreign buyers are demanding new garments on G3, G4 and technical fabric raw material, which are neither available nor produced by Pakistani weavers.
Instead of involving associations, the exporters have been asked to directly submit their claims to the banks, which have no technical staff to evaluate the claims. By eliminating the role of the associations, the long delay has been multiplying manifold, he added. (DS)
Fibre2Fashion News Desk – India