SIALKOT: Sialkot Chamber of Commerce and Industry (SCCI) President Majid Raza Bhutta has said that the government should order the Trade Development Authority of Pakistan (TDAP) to ensure early clearance of all ad hoc relief claims of Sialkot exporters.
Majid said the exporters had already sent the claims to the TDAP for getting one percent additional ad hoc relief announced by the government in Trade Policy 2009-10 on all the exports of sports goods, surgical instruments and footwear (during a stipulate period from July 1, 2009 to June 30, 2010.
He said that the TDAP should help the Sialkot exporters to promote the non-traditional exports globally while the exporters should focus on non-traditional exports, adding that they could have a great potential, besides, paving the way for Sialkot exporters to explore and capture new trade markets.
He said that the government to evolve an effective mechanism for the proper use of the Export Development Fund (EDF), which was meant for the promotion and development of the country’s export sector.
He said that the TDAP should announce a special package for upgrading and modernising the export-oriented industry of Sialkot. He said that the business community wanted the government to take measures for the continuity of effective economical, industrial and trade policies.
He said that the government should early release funds stuck in the form of Export Development Fund (EDF). He said that the rebate duty drawback, sales tax, income tax refunds claims were not being paid to Sialkot exporters by the Federal Board of Revenue (FBR) for the last ten months due to which Sialkot-based industrialists and exporters were suffering from great financial crunch.
He said that a big capital and exchequer of Sialkot has already stuck up and the inordinate delay in the payment of the said refund claims was badly affecting export, trade, industrial and business activities in Sialkot.
