LAHORE: All Pakistan Textile Mills Association (APTMA) has appreciated Special Assistant to Prime Minister Haroon Akhtar Khan and the Federal Board of Revenue (FBR) officers of field formation for prioritizing clearance of pending refunds of the industry and let it come out of the adverse situation due to the liquidity crunch being confronted with at present.
Federal Board of Revenue (FBR) should evaluate the performance of their field staff on gross revenue collection otherwise they would keep holding refunds back to achieve revenue target.
Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan has assured All Pakistan Textile Mills Association for early resolution of industry issues in line with the proposals put forward by the industry.
Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan visited All Pakistan Textile Mills Association (APTMA) Punjab, along with Member Customs Zahid Khokhar, Member IT Operations Nausheen Javed Amjad, Chief Commissioner Customs, LTU and RTOs from Lahore, Multan and Faisalabad regions while Chairman APTMA Amir Fayyaz, patron-in-chief APTMA Gohar Ejaz, Chairman APTMA Punjab Ali Pervaiz and other office bearers of the association also present on the occasion.
Both the sides discussed in detail the issues pertaining to sales tax refunds on deferred, current and rolled back Refund Payment Orders (RPOs). Also, the issues relating to the imports of raw materials by the basic textile industry were also taken up during the meeting. The APTMA management appreciated special assistant to Prime Minister and the Federal Board of Revenue (FBR) officers of field formation for prioritizing clearance of pending refunds of the industry and let it come out of the adverse situation due to the liquidity crunch being confronted with at present. The management pointed out that release of sales tax refunds will help restoration of viability of the textile industry ahead.
The APTMA management also appreciated Prime Minister Shahid Khaqan Abbasi for directing the federal minister of commerce and textile to formulate a long term textile policy to ensure viability and growth to meet target of doubling exports in next five years. The APTMA leadership reiterated that only the availability of internationally competitive energy, improvement of industrial liquidity through prompt payment of duty drawbacks and sales tax refunds and putting in place the safeguards for the domestic textile industry against the entry of dumped, subsidized and undeclared yarns and fabrics from across the border.
APTMA management hoped that the interaction between the two sides would boost industrial growth that would also be contributing to the revenue generation goal of the government. Chairman APTMA Punjab Ali Pervaiz urged the visiting FBR authorities to evaluate the performance of their filed staff on gross revenue collection otherwise they would keep holding refunds back to achieve revenue target.
