Interviews
Pakistan spinning sector gifted with 3 percent mark-up subsidy
27 Feb '09
1 min read
On the lines of incentives provided by other countries like China and India to their respective textile and garment sectors, the Pakistan government has also approved a mark-up subsidy of 3 percent to the spinning sector for a period of two years.
This was announced by the Textiles Minister, Mr Khan in a statement issued on Thursday. The period would begin from July 1, 2007 and end on June 30, 2009 and the amount payable till December 2008 would be paid in March 2009 and for this year in July.
The government has already earmarked Rs 1.7 billion against the 3 percent subsidy, by depositing the same with the State Bank of Pakistan and made provision for another Rs 4 billion to be paid under the R&D fund.
This was announced by the Textiles Minister, Mr Khan in a statement issued on Thursday. The period would begin from July 1, 2007 and end on June 30, 2009 and the amount payable till December 2008 would be paid in March 2009 and for this year in July.
The government has already earmarked Rs 1.7 billion against the 3 percent subsidy, by depositing the same with the State Bank of Pakistan and made provision for another Rs 4 billion to be paid under the R&D fund.
Fibre2fashion News Desk - India
Popular News
Leave your Comments
Pratik Gadia
The Yarn Bazaar - Filosha Infotech Private Limited
Mohankumar Rathinaswamy
Cheran Machines India Private Limited
Susanne Guldager
Label - La Femme Rousse
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
