03/02/2026
APTMA urges FBR to offset super tax against pending refunds to protect textile sector
The All Pakistan Textile Mills Association (APTMA) on Monday called on the Federal Board of Revenue (FBR) to allow adjustment of super tax liabilities against pending sales tax, income tax, and other refund claims, warning that immediate collection could destabilise an already cash-strapped textile sector.
APTMA Chairman Arshad said the industry faces a weak business environment, high energy costs, double-digit interest rates, excessive taxation, and rising imports of raw materials and intermediate inputs, which are displacing domestic upstream production. βImmediate recovery of super tax amounting to hundreds of billions of rupees would drain working capital, disrupt cash flows, and make it difficult for businesses to meet routine obligations such as salaries, utility bills, and other financial commitments,β he added.
He urged that any remaining super tax liability, after offsetting pending claims, be converted into βeasy, business-friendly instalmentsβ to ease pressure on manufacturers.