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Pakistan disbursed Rs 19 bn to textile sector till Jan 20
14
Feb '18
Pakistan disbursed Rs 19 bn to textile sector till Jan 20
Pakistan disbursed Rs 19 billion to the textile sector against claims of Rs 25 billion through the State Bank of Pakistan under the Prime Minister’s Export Enhancement Package till January 20 this year. The government also offered procedural and tax relaxations on the import of textile machinery for the modernization and capacity enhancement.

The Rs 162 billion package was announced to help the textile sector gain competitiveness in the international market. The government wants to revive confidence of the textile sector through the package, a top official of ministry of commerce and textile industry told a Pakistani news agency.

The package would be expanded to other industrial sectors, including the pharmaceutical sector, he said. (DS)

Fibre2Fashion News Desk – India


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