Islamabad, February 18, 2022 (PPI-OT):Federal Minister on Finance and Revenue Mr. Shaukat Tarin held a meeting with All Pakistan Bedsheets and Upholstery Manufacturers Associations (APBUMA) led by its chairman Mr. Arif Ehsan Malik, at Finance Division, today. Deputy Governor SBP, Member FBR and senior officers also attended the meeting. Chairman APBUMA briefed the Finance Minister on the working of APBUMA and informed that as member wise it is the largest association of SMEs in the country. This sector is one of the major contributors in terms of exports and contributing up to $2 billion in the revenue.
He further apprised that the association is currently facing various problems especially related to sales tax refund and liquidity crunch. The Finance Minister Mr. Shaukat Tarin appreciated the contribution of APBUMA in economic growth of the country. Minister assured that government is actively carrying out all measures that could boost the SME sector. As growth of SME sector leads to employment generation, export promotion and boost overall business activity in the country. The Finance Minister heard all issues keenly and asked SBP and FBR to resolve their issues on priority basis. Chairman APBUMA thanked the Finance Minister for providing support and addressing their issues.
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