Pakistan, March 17 -- The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has strongly opposed the recent amendments to the Export Facilitation Scheme (EFS), warning they will harm the apparel sector, particularly small and medium enterprises (SMEs).
PRGMEA former chairman Ijaz Khokhar urged the Federal Board of Revenue to take strict action against companies that misused the EFS facility instead of penalizing the entire export sector. He emphasized that SME exporters are already struggling and that delaying these amendments would help prevent further damage.
"A major concern is the reduced utilization period for imported raw materials, now capped at nine months, with extensions requiring board committee app...
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