The Pakistan Senate Standing Committee on Textile Industry stressed on the need to protect the domestic textile industry, by expanding exports from the sector. The committee also gave its recommendations on properly implementing the Rs 161 billion Trade Enhancement Package. The package announced by PM Nawaz Sharif will run for eighteen months.
"The committee also recommended that the period of the trade enhancement package be extended to 60 months instead of 18 months to benefit the domestic textile sector," Pakistan media reported.The Pakistan Senate Standing Committee on Textile Industry stressed on the need to protect the domestic textile industry, by expanding exports from the sector. The committee also gave its recommendations on properly implementing the Rs 161 billion Trade Enhancement Package. The package announced by PM Nawaz Sharif will run for eighteen months.#
Textile ministry officials informed the government had decided to give drawback on duties on processed fabrics by 5 per cent, made-ups by 6 per cent and on garments by 7 per cent for the next 18 months as part of the package. (AR)
Fibre2Fashion News Desk – India
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