Salt Exporters in Pakistan Face Liquidity Crisis Due to Delayed Tax Refunds

Karachi, The Salt Manufacturers Association of Pakistan has raised alarms over the severe liquidity crisis facing the salt export industry, attributed to prolonged delays in the release of sales tax refunds. The association's chairman, Qasim Yaqoob Paracha, highlighted that millions of dollars in refunds are stuck, exacerbating cash flow issues and further straining the industry under the current economic conditions.

According to Salt Manufacturers Association of Pakistan, the delays in refund payments have placed the salt exporters in a precarious position, threatening their operational viability and the industry's competitive edge on the global stage. The rising cost of capital, coupled with liquidity constraints, is impeding the growth prospects of an industry pivotal to Pakistan's economy.

Mr. Paracha urgently called on authorities to expedite the processing and release of these critical funds. The swift action is deemed essential not only for restoring the financial health of the sector but also for safeguarding its contribution to the national economy through continued international trade.

The salt export industry, a significant player in Pakistan's export portfolio, now looks to the government for immediate intervention to alleviate the financial distress caused by the withheld sales tax refunds.