ISLAMABAD (INP): The Pakistan Economy Watch (PEW) said on Sunday that non-payment of refunds had resulted in falling exports which would widen the trade deficit. “Stuck up refunds, worth billions of rupees, have inflicted harm on the exporter sector, which merits urgent action,” it said.  “The government has paid some sales tax refunds but majority of other refunds have not been paid as yet, which has left exporters in a lurch,” said PEW President Dr Murtaza Mughal. He said in the current scenario, Pakistani products were retreating in the international market, which was against the national interests. Mughal said that the authorities seemed indifferent to the plight of exporters, who were competing in tough environment with other nations. He said that many textile mills had been closed down despite GSP status, while the situation of some other sectors like garments, leather was not different either. Mughal urged the Federal Board of Revenue (FBR) chairman to ensure early payment of stuck-up refunds to the export-oriented sectors.

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