Home / Knowledge / News / Textiles / PM relief package includes textile sector in Khyber Pakhtunkhwa
PM relief package includes textile sector in Khyber Pakhtunkhwa
06
Sep '10
The Federal Government recently has declared that, whole of the textile sector in the Khyber Pakhtunkhwa's (KP)will now be covered under the Prime Minister's Fiscal Relief Package announced for the rehabilitation of the economy in FATA, PATA and KP, regions.

The State Bank of Pakistan (SBP) circular issued recently states that, the Federal Government has amended its Fiscal Relief Package for Khyber Pakhtunkhwa, FATA and PATA to some extent, and pursuant to the same, now even the textile sector stands eligible to receive the mark-up rate subsidy on business loans taken during the period from January to June 2010.

Meanwhile, Ministry of Finance also has released sum from the budgetary allocation to pay out the mark-up rate differential on the current loans of the textile sector of KP.

Both the packages namely, Khyber Pakhtunkhwa Package and the National Textile Policy Package will be run concurrently and whole of the value chain of textiles in Khyber Pakhtunkhwa will have an option to chose either of them, while leaving out the other.

As the Khyber Pakhtunkhwa Package runs out at the end of two years, the textiles value-chain in Khyber Pakhtunkhwa would enjoy the benefits of the National Textile Policy further for two years duration, as stipulated in the National Textile Policy.

Fibre2fashion News Desk - India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Tony Ward
Tony Ward

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search