LAHORE: The Pakistan Textile Exporters Association (PTEA) has expressed concerns about the delay in the release of funds for the prime minister’s incentives package for exporters.
Despite the allocation of Rs4 billion in the budget, no funds have been released so far, a statement said on Tuesday. Duty drawback claims of Rs10bn have already been submitted to the State Bank of Pakistan, it added. The statement quoted the PTEA chairman as saying that the textile industry received little attention from policymakers. “Resultantly, a negative growth of 1.63pc was witnessed in exports in 2016-17,” it added.
Published in Dawn, July 26th, 2017
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