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Pakistan's Rs 100-bn package to support industrial sector
07 Apr '20
1 min read
Pic: Shutterstock
Pakistan has offered up to Rs 100 billion in packages to the industrial sector to support companies during the crisis resulting from the COVID- 19 pandemic, according to adviser to prime minister for commerce and textile Abdul Razak Dawood, who recently said the government would offer incentives to the priority industrial sub-sectors for revival.
The government wanted to resolve the liquidity issue of industrial sector and drawback of local taxes and levies (DLTL) payments, pending since 2009, would be made, Dawood said.
The government would also release a Technology Upgradation Fund amount worth Rs 30 billion to the industrial sector to help it come out of the current crisis, a news agency quoted the advisor as saying.
A total of Rs 47 billion would be paid to the textiles sector in the next 100 days to support the major exports sector, he said.
The commerce ministry has also prepared a list of industries that could be reopened in the current situation, he added.
The government wanted to resolve the liquidity issue of industrial sector and drawback of local taxes and levies (DLTL) payments, pending since 2009, would be made, Dawood said.
The government would also release a Technology Upgradation Fund amount worth Rs 30 billion to the industrial sector to help it come out of the current crisis, a news agency quoted the advisor as saying.
A total of Rs 47 billion would be paid to the textiles sector in the next 100 days to support the major exports sector, he said.
The commerce ministry has also prepared a list of industries that could be reopened in the current situation, he added.
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