PFMA appeals against duty drawback reduction
25/08/2006
The Pakistan Footwear Manufacturers Association (PFMA) has asked the government not to reduce duty drawback rates on shoe exports.
In a letter to president general Pervez Musharraf, prime minister Shaukat Aziz and chairman, Central Board of Revenue (CBR) Abdullah Yousuf, the PFMA has requested that the duty drawback rates ranging from 50% to 77% are not cut.
If they are, PFMA believes it would cause heavy losses for exporters on already concluded orders and would hamper getting further orders from international buyers. According to the Association, CBR does not seem to have considered heavy price increases in some imported footwear raw materials, especially those which are petroleum based.
In a letter to president general Pervez Musharraf, prime minister Shaukat Aziz and chairman, Central Board of Revenue (CBR) Abdullah Yousuf, the PFMA has requested that the duty drawback rates ranging from 50% to 77% are not cut.
If they are, PFMA believes it would cause heavy losses for exporters on already concluded orders and would hamper getting further orders from international buyers. According to the Association, CBR does not seem to have considered heavy price increases in some imported footwear raw materials, especially those which are petroleum based.
Share this story:
