LAHORE: Chief Executive Officer (CEO) of Trade Development Authority Pakistan (TDAP) SM Munir has stressed the need for making payment of all the pending export refund claims to encourage exporters.
While speaking at a ceremony organized in his honour by All Pakistan Bed Sheets and Upholstery Manufacturers Association (APBUMA), he said that export refund claims worth Rs 225 billion were pending and added that full payment of refund claims would boost morale of the exporters and provide them breathing space to be more active to enhance exports up to the full potential.
He also underlined the need for bringing down the import duty on machinery and ensuring uninterrupted power supply to keep the industrial wheel in motion. TDAP CEO said that quality of Pakistani products like bed sheets, pillow covers and others was improving.
He said that despite no cooperation from Indian government, Indian people and business community extended full cooperation on the eve of last ‘Made in Pakistan’ exhibition held in India. He said that TDAP annual budget was only Rs 1.3 billion and Rs 65 million is spent on salaries and other expenses. However, despite financial constraints, TDAP organized 118 industrial and trade exhibitions while providing 30-40 per cent subsidy to companies.
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