Rs. 1.78 Billion Released By the Govt. for Textile Sector

To further ease the textile sector, the government of Pakistan has released Rs. 1.78 Billion. This will help in boosting exports.

extile Policy 2020-25

Under the Drawback of Local Taxes and Levy (DLTL), the government has released Rs. 1.78 billion for the textile sector. This information was shared by Abdul Razak Dawood – Advisor to Prime Minister for Commerce and Investment.

I hope this will resolve the liquidity issues of our exporters and enable them to enhance exports

Abdul Razak Dawood

He also informed that the DLTL for non-textile sector would also be released shortly.

I am happy to share that export of animal casings from Pakistan to Japan has resumed after a ban of four years,

I advise our trade missions to actively engage the importers for the promotion of Pakistan’s exports.

I urge the exporters to take benefit of this opportunity and move full speed ahead,

The advisor highly appreciated the significant growth as seen in the country’s export in different sectors for November 2020.

As per the information, the advisor also said:

I am glad to share that in the provisional figures for November 2020, significant growth has been seen in the exports of Home Textiles (20%), Pharmaceutical products (20%), Rice (14%), Surgical Goods (11%), Stockings and Socks (41%), Jerseys and Pullovers (21%)Women ‘s Garments (11%), and Men’s Garments (4.3%), as compared to Nov 2019,

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