ISLAMABAD, May 29, 2025: Delay in sales and income tax refunds are causing severe challenges for the textile industry. A delegation of the Utopia Industries has highlighted that this delay is causing operational challenges, including salary payment issues and reduction in production capacity.
The delegation raised these concerns during a meeting with Special Assistant to the Prime Minister, Haroon Akhtar. They informed the SAPM that these delays are pending since April 2024.
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Utopia Industries, a leading exporter of mattress covers, pillows, comforters, and plastic products, has faced significant delays in receiving refunds despite submitting all necessary documentation. This delay has resulted in reduced production capacity, salary payment issues for employees, and other operational challenges.
Haroon Akhtar Khan expressed his full understanding of the difficulties faced by Utopia Industries and emphasized that delays in refunds are causing a severe economic setback for the industry. He highlighted the urgent need to expedite the cash flow process to prevent further losses to the industrial sector.
In the meeting, Haroon Akhtar Khan arranged a discussion between Utopia Industries and the Chairman of the Federal Board of Revenue (FBR). The FBR Chairman assured the delegation of timely payment of the outstanding refunds.
Haroon Akhtar Khan reaffirmed the government’s commitment to providing full support to Utopia Industries. The industry representatives expressed their gratitude towards Prime Minister Shehbaz Sharif and Special Assistant Haroon Akhtar Khan for their prompt and effective intervention.
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Haroon Akhtar Khan reiterated that Prime Minister Shehbaz Sharif is working tirelessly to resolve public issues and facilitate the business community.
Utopia Industries ranks among the top two sellers on Amazon with an annual revenue of USD 170 million.
