KATI demands payment of Customs drawback duty

KARACHI:President, Korangi Association of Trade and Industry, Tariq Malik and other office bearers have demanded the earliest payment of Customs drawback duty and tax refunds.

Tariq Malik, in a statement here on Friday, hoped that Prime Minister Shahid Khaqan Abbasi would take right measures for payments of the refunds.

He said the industry was facing many challenges. The basic issue was poor infrastructure, shortage of energy and the high tariffs, and taxation. This caused low industrialization in the country.

For the release of liquidity pressure on industry and export sectors, immediate payment of the refunds was very essential.

He praised the patron-in-chief of KATI, S.M.Muneer for his efforts to resolve the refunds issue.