Home / Knowledge / News / Textiles / Pakistan's Textile Ministry may get larger pie of EDF
Pakistan's Textile Ministry may get larger pie of EDF
05
Jun '12
Pakistan's Ministry of Textile Industry (MoTI) is likely to receive a larger share of the Pk Rs. 10 billion Export Development Fund (EDF) announced in the recent Federal Budget 2012-13.

Last fiscal year too, the Finance Ministry allocated a sum of Rs. 10 billion for EDF, of which Rs. 7.5 billion was allocated to the MoTI. However, the MoTI has so far received only Rs. 5.5 billion and the remaining Rs. 2 billion is likely to be released before the end of the current fiscal year on June 30, 2012.

For fiscal 2011-12, the MoTI had demanded Rs. 35 billion for the promotion of textile and apparel exports, but the Government sanctioned only Rs. 7.5 billion through the EDF.

For next fiscal 2012-13, the MoTI had reduced its demand for textile and garment promotion to Rs. 30 billion, but experts expect the Government to allocate only Rs. 7.5 billion through the EDF for 2012-13.

Established in 1991, the objective of the EDF is to support export-oriented industries in the country.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search