December-2009
 

 

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KEPZ slams decision on drawback facility

The Karachi Export Processing Zone (KEPZ) Business Council criticized the vested interests for creating recent controversy of whether to allow 3% duty drawback facility on the exports of garments and home textile from the zone despite the clear notification of the Ministry of Textile Industries.

According to a press release, a spokesman said under the current circumstances, when number of factories have already closed down and others are facing liquidity crunch due to international economic conditions and recession in the countries, where Pakistani textiles are being exported, such attitude is difficult to understand as denying drawback facility would render the manufacturing non-competitive in the zone resulting in more closure of textile factories in the zones and would also leave thousands of workers jobless out of which 50% are female workers.

 
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