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Pakistan: PHMA wants trade association’s role in transparent disbursement

Pakistan Hosiery Manufacturers & Exporters Association has asked for restoring trade association’s role in timely and transparent disbursement of PM Revised Export Package for 2017-18, due to banks failure in appropriately processing the refund cases of exporters. PHMA Chairman Khurram Anwar Khawaja says most commercial banks have failed to establish separate section and appoint professional staff for verification of exporters' refund cases. Majority of the banks/authorised dealers are also violating the SBP instructions to verify and forward the cases within 15 days due to lack of their capacity and expertise.

He further noted manufacturers and exporters of knitted garments are the largest industrial employment providing sector of Pakistan, besides earning around $2.5 billion annually through exports. Exports of the country during the past few years had seen a decline but the PMs Export Package 2017 had helped the export sectors to move forward.

A notification created hurdles in transparent disbursement of PM Package by eliminating the role of Associations. Khurram said during the textile quota regime misappropriation of billions of rupees took place in the Export Promotion Bureau along with malpractices in its management. When quota management was handed over to Textile Associations, not a single case of corruption or malpractice came up and the full utilization of quota was ensured. He said that it is on record that subsidy scheme of the Ministry of Commerce for establishment of business offices abroad was totally mishandled by TDAP officers.

 
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