textile exporters of clearing their drawback claims

Secretary Ministry of Textile, Shahid Rashid assured the textile exporters of clearing their drawback claims, saying his ministry is making all-out efforts in this regard. Giving details, Shahid Rashid said an amount of Rs 1.6 billion has been forwarded to State Bank of Pakistan (SBP) for refund to be given to the exporters at pro-rata basis; which makes up around 14%. Whereas an amount of Rs 7.5 billion was allocated for this purpose in the last annual budget—and around Rs 17 billion refund claims are expected up to June 30, 2011.