Decision to automate refunds to boost exports.

ISLAMABAD -- Pakistan Economy Watch (PEW) on Saturday lauded the move of the government to automate the export rebate and duty drawback system which will reduce complaints and improve exports. Payment of customs rebate and drawback of local taxes and levy without human involvement immediately after realisation of export proceeds from the country will enable exporters to play their role in national development with peace of mind, said Chairman Brig. Muhammad Aslam Khan (Retd). He said that the new system will automatically transfer the amount to the account of exporters adding that the transparency will encourage twenty-six sectors of the economy to increase their exports while encouraging SME sector to expand their

export operations. Aslam Khan said that remittances play a very important role in the economy and decision to waiver withholding tax on the same from July 01 will discourage the illegal transfer of funds and...