Pak govt releases Rs 3 bn claims for textile exports

11 Jul '17

1 min read

The Pakistan government has released refund claims of Rs 3 billion for the textile export while the remaining amount will be sanctioned soon, said Hasan Iqbal, federal secretary for textile. It is an initiative to boost the business of the country's apparel and textiles sector. The government has also asked for immediate payment of claims to the exporters.

The government is supportive of improving the prevailing situation of the textile industry, said Iqbal while addressing a meeting of Pakistan Hosiery Manufacturers and Exporters Association. The textile industry plays a significant role in improving the economic condition of the country as it also helps in generating employment.

Efforts are being made to come up with permanent solutions for the issues faced by the textile industry, said Iqbal adding that zero rating facility is available on textile machinery. "If you are facing some other problems in this connection, then you should inform me in writing and I will try optimum to resolve the same on priority basis," he said.

The focus is on improving the condition of Pakistan textile industry by setting up new units and supply of power at an affordable rate, said Iqbal. (RR)

Fibre2Fashion News Desk – India

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