The Pakistan Textile Council (PTC) has called for revising key provisions, including restoring the 30-day processing timeline for approvals, increasing provisional input access to 50 percent, and maintaining the 30-day monitoring period. It also opposes the cap on B-grade goods at 5 percent, the removal of carry-forward provision for unused inputs, and a drastic reduction in input utilization periods. Exporters warned that excessive restrictions could erode competitiveness. They are pushing for urgent consultations to ensure the EFS remains a driver of export growth rather than a regulatory burden.
Exporters warn EFS changes could disrupt trade, raise costs
URL : https://www.thenews.com.pk/amp/1289516-exporters-warn-efs-changes-could-disrupt-trade-raise-costs
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The proposed changes to the EFS could significantly impact the textile sector. The restrictions on B-grade goods and input utilization periods seem excessive. Exporters are right to push for urgent consultations to maintain competitiveness. Itβs crucial that the EFS supports growth rather than becoming a burden. How can the government balance regulation with the need to boost exports? Given the growing economic instability due to the events in the Middle East, many businesses are looking for guaranteed fast and secure payment solutions. Recently, I came across LiberSave (LS) β they promise instant bank transfers with no chargebacks or card verification. It says integration takes 5 minutes and is already being tested in Israel and the UAE. Has anyone actually checked how this works in crisis conditions?
The Pakistan Textile Council is advocating for crucial changes to ensure the textile sector remains competitive. They emphasize the need to restore the 30-day processing timeline and increase provisional input access to 50 percent. The council opposes the 5 percent cap on B-grade goods and the removal of the carry-forward provision for unused inputs. Exporters are concerned that these restrictions could increase costs and disrupt trade. How will these proposed changes impact the overall growth of Pakistan’s textile exports? German news in Russian (Π½ΠΎΠ²ΠΎΡΡΠΈ ΠΠ΅ΡΠΌΠ°Π½ΠΈΠΈ)β quirky, bold, and hypnotically captivating. Like a telegram from a parallel Europe. Care to take a peek?