LAHORE: Input Output Coefficient Organization (IOCO) of Federal Board of Revenue (FBR) has offered to constitute a joint committee with All Pakistan Textile Mills Association (APTMA) to resolve all export related issues including Input Output Ratio (IOR), wastage determination and other export related irritants.
Director General IOCO Mubashir Baig Mirza offered to start exercise in coordination with APTMA for upward revision of duty drawback rates fixed through a notification issues about 15 years ago in 2009. He agreed to the demand of upwardly revising the rates determined on the basis of tariff structure currency exchange rates and values prevailing at that time.
The director general was addressing a workshop on the export related issues at APTMA Lahore. He was accompanied by Additional Director IOCO Ms. Ammara Durrani and other senior officers of FBR.
Senior Vice Chairman Mr. Kamran Arshad and Secretary General APTMA Mr. Raza Baqir welcomed him on the occasion. Leading textile exporters including Former Chairman APTMA Mr. Abdul Rahim Nasir, Mr. Anjum Zafar, Mr. Muhammad Ali and other senior members of APTMA were present on the occasion.
DG IOCO said that most of the issues are already being looked into by FBR through a massive exercise launched for automation of the Directorate General, standardisation and consolidation of product wise input output ratios, visible and invisible wastages.
