“What we need now is a package that keeps the industry alive; liquidity is ensured so that unemployment and layoffs could be avoided,” he said. He further said that Export Refinance Facility (ERF) limits should be increased and payments of interest should be extended beyond June 30. Nasir further demanded that the government must ensure sales tax and drawback on local taxes and levies (DLTL) payments to industry within two weeks. Gulzar said in the value chain there are indirect exporters who feed raw materials to direct exporters such as spinning mills. When direct exporters will be suspending their productions, the hardest hit will be on indirect exporters,” he said.

Source: Pakistan Today March 21, 2020 13:14 UTC