The whole world was destabilized during the coronavirus outbreak and as the global economic market tries to regain the lost balance, Pakistan’s government has also taken the right path through the DLTL scheme which will provide reliance to the export sector through freight subsidy. Moreover, it will be extended to 2025-26 says Danish Khan, the chairman of Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA).
The PLGMEA delegation has been guaranteed by the Federal Finance Minister Abdul Hafeez Sheikh that Rs1.7 billion will be paid in 10 days in terms of the DLTL of industrialists affiliated with the leather sector while Rs2.5 billion in duty drawback will be paid in three stages.
Moreover, As quoted by the finance minister, the government has taken the perfect strategy under consideration to maximize the promotion of industrial activities which will, in turn, make our economy stable. The exporters will be fully facilitated in regards to the leather industry. Lastly, sales tax and customs duty drawback had been improved for the first time in the history of Pakistan, all because of the automatic system headed by FBR Chairman Javed Ghani.
The PLGMEA chairman praised the prime minister for taking the appropriate route for industrial development and is looking forward to the same decision making efficiency to ensure a steady energy supply along with minimization of production cost.
