TDAP links export target to payment of refunds

Lahore: Chief Executive Officer of Trade Development Authority of Pakistan (TDAP) SM Muneer on Friday said export target of USD 35 billion can he achieved in the next three years.

Meeting export target is possible subject to immediate payment of exporters refunds stuck up since long, he said.

In a statement issued here today, he said that Trade Policy is according to ground realities and aspirations of the business community and realizing the export target is linked to the prompt payment of refunds to the tune of Rs. 210 billion.

SM Muneer said that exporters are passing through difficult times due to held up refunds despite the fact that top government functionaries have assured payment of refunds to exporters soon.

CEO TDAP lauded the government for allocating Rs20 billion to achieve target and demanded that Rs6 billion allocated for ongoing year should be disbursed immediately.

He said that besides refunds, continuous and uninterrupted supply of gas and electricity to industrial sector can help achieve export target.

All the economic indicators of Pakistan are positive and it is foreseen that current GDP growth of 4.2 percent will go beyond 5 percent at end of current financial year, he said.

He asked all the concerned departments to facilitate exporters by providing enabling environment so that they can play their due role in the national development with peace of mind.