{"id":289569,"date":"2022-10-16T08:40:10","date_gmt":"2022-10-16T03:40:10","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=289569"},"modified":"2022-10-16T08:40:10","modified_gmt":"2022-10-16T03:40:10","slug":"prgmea-worried-as-sales-tax-refunds-start-to-get-delayed-again","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/prgmea-worried-as-sales-tax-refunds-start-to-get-delayed-again\/","title":{"rendered":"PRGMEA worried as sales tax refunds start to get delayed again"},"content":{"rendered":"<p> LAHORE<br \/>\nThe Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) on Saturday expressed its disappointment over the performance of the Federal Board of Revenue\u2019s refunds system, voicing the fear that it has not been able to release the sales tax refund claims timely because amount of exporters\u2019 liquidity has started to stuck up due to irresponsible and uncaring approach of the authorities concerned.<br \/>\nPRGMEA Central Chairman MubasharNaseer Butt, while addressing a hurriedly called meeting of the association held here today in view of inordinate delays in exporters\u2019 sales tax refunds, urged the government to immediately release refunds claims of the textile industry, as the government had committed that the exporters\u2019 refunds payment orders (RPOs) would be issued in 24 hours while refunds would be cleared within 72 hours of the issuance of the RPOs, but practically this commitment is not being fulfilled, as the 72 hours are being extended to several weeks.<br \/>\nMubashar Butt said the government needs to take immediate measures to arrest the slowdown in textile exports, as these policies would bring Pakistan\u2019s most valuable sector on the verge of collapse.He recalled that the government had created a culture of trust among the business community by paying refunds timely, which was appreciable, but the situation has now changed.<br \/>\n\u201cWe are presently facing gaps and the authorities are not ready to give us reason of delay; even they don\u2019t attend our phone calls, creating a trust deficit and sending a wrong message to the exporters of the value-added textile industry, which is the backbone of the economy.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LAHORE The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) on Saturday expressed its disappointment over the performance of the Federal Board of Revenue\u2019s refunds system, voicing the fear that it has not been able to release the sales tax refund claims timely because amount of exporters\u2019 liquidity has started to stuck up due to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-289569","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PRGMEA worried as sales tax refunds start to get delayed again<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/prgmea-worried-as-sales-tax-refunds-start-to-get-delayed-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PRGMEA worried as sales tax refunds start to 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