Restoration of Advance Payment Facility against imports

Karachi, January 08, 2019 (PPI-OT): We Towel Manufacturers’ Association of Pakistan highly appreciates State Bank of Pakistan timely decision of restoring Advance Payment Facility on Imports of Spare Parts / Consumables which was banned by the than care taker Govt. No doubt this will help a lot to Export Oriented Sector without the requirement of opening letter of credit in favour of supplier abroad as well as this will reduce cost of doing business. We hope in future State Bank of Pakistan would continue to device Business Friendly policies for the betterment of Business Community.

For more information, contact:
Head Office,
Towel Manufacturers’ Association of Pakistan
TMA House, 77-A, Block ‘A’,
Sindhi Muslim Cooperative Housing Society,
Karachi – 74400, Pakistan
Tel: +92-21-34382801-4
Fax: +92-21-34551628
Email: tma@towelassociation.com
Website: www.towelassociation.com