LAHORE (PPI) Over the strong protest by textile industry, the Federal Board of Revenue (FBR) has amended the controversial SRO 231, ensuring zero rating regime across the board for procuring input and selling output at by the manufacturer, manufacturer cum exporter and exporter provided the supply of products made to the registered manufacturer and manufacturer cum exporter. The sources said the beauty of amended scheme is that it would not generate any further refunds, which according to the Chairman APTMA reaches to the tune Rs.520 billion being stuck up for recovery of Rs.120 billion refunds. Representatives of seven sub-sector organizations including sizing, cotton merchant, yarn merchant association, grey cloth, and power looms owners called on Chairman All Pakistan Textile Mills (APTMA) and appreciated the role of APTMA in representing the case of the textile value chain very articulately. They also posed confidence on dynamic leadership of APTMA and pointed out that the industry was witnessing a visible change in leadership approach towards the issues. Talking to mediamen on the occasion, Chairman APTMA said the FBR has understood the industry viewpoint on controversial SRO 231 and is in the process of amending it in consonance with the desire of industry stakeholders. He said Chairman FBR had visited APTMA a day earlier to listen to the industry point of view on controversial SRO. According to him, federal finance minister is likely to finalize the amendments in the said SRO on 26th in the larger interest of the textile industry and value chain. Gohar said textile industry is the mainstay of Pakistan economy, contributing over 55 percent of the merchandise exports and generating direct employment for over 3.5 million workers jobs. It may be noted that the Chairman FBR Salman Siddique had visited APTMA a day earlier and directed his staff to issue directions to the Customs officials for clearance of imported raw material for man made fiber manufacturers. Also, he assured to address the issue of PV manufacturers through amendment in the SRO.