Karachi: The value-added textile industry has demanded the introduction of a “no payment, no refund” policy in the event that GST and VAT are not paid to recover the DLTL.
This application was submitted by representatives of Value Added Textiles Associations Javed Balwani, Rafeeq Goodil, Khawaja Usman, Salim Parekh, Sheikh Shafiq, Muzammil Hussain, Aslam Karsaz and others at PHMA House on Thursday.
He said the previous GST zero-rating and “no payment, no refund” system under SRO 1125 should be restored for five export sectors. Javed Pilwani said all textile related exporters are facing a bad situation at the moment and the government has promised to give us the best system by getting rid of the zero rating.
A system called faster was set up by them to give returns and it was giving us returns within 72 hours, but as soon as the new government came in, our people had problems, at this time, billions of rupees stuck with the exporters government.
There is no one to listen to the exporters all over the country including Karachi, refunds are not considered until our product is ready, and it seems that the government wants to stop exporting because we are not getting a refund. It does not give and no one is willing to talk.
Javid Bilwani said that Ishaq Dar promised to come to Karachi after the meeting with the International Monetary Fund after he assumed the position of Finance Minister, but he did not attend, and in our opinion, the Minister of Finance did not meet the expectations of exporters and industrialists.
Ishaq has mostly moved out of Pakistan to save face and has no free time to meet us.