KARACHI: Trade Development Authority of Pakistan (TDAP) has said that delay in refund payment by the government has been hampering Pakistan’s exports that could be enhanced by $4 billion to $5 billion in the next couple of years by settling pending refund claims.
Talking to the media, TDAP Chief Executive SM Muneer said that “Aalishan Pakistan” exhibition will be held in June this year in London and Prime Minister Mian Nawaz Sharif has been requested for inauguration this mega event.
He said, “This exhibition will help Pakistani exporters to get maximum benefits from GSP plus status.” Talking about the major hurdles in the economic revival, he said that uncertain economic policies, poor law and order situation, energy crisis and political uncertainty are directly hurting the industrial and economic growth. However, he praised the federal government’s efforts to end energy crisis.
He said, “Overseas Pakistanis have sent some $11 billion during this fiscal year and expected to send some $8 billion in remaining five months. It has been estimated that overall remittances will reach about $19 billion by the end of this fiscal year compared to $15 billion last fiscal year.”
