LAHORE: The State Bank was urged on Tuesday to formulate the process of application for Drawback of Local Taxes and Levy (DLTL) under the revised PM expor t package.

In a press release, Pakistan Hosiery Manufacturers Association (PHMA) Chairman Dr Khurram Anwar Khawaja said the Economic Coordination Committee had approved the revised PM package for exporters in early October and the textile ministry had notified this immediately. `But despite passing one and half months no detailed circular has been issued by the StateBank of Pakistan regarding procedure of DLTL,` Mr Khawaja said.

He urged the government to provide 100 per cent drawback rate of incentive to the value-added textile exporters on shipment basis as promised by the authorities, abolishing the condition of 10 pc or more increase in exports.

The government must clear all pending claims on immediate basis as huge drawback claims amount of exporters in previous Duty Drawback of Taxes Order 2017 is still pending with the government while the New Order 2017-18 has been issued for which the procedure from SBP is still awaited, the statement read.