Adviser to Prime Minister for Commerce and Investment, Abdul Razak Dawood, said the government had released Rs. 1.78 billion for the textile sector under the Drawback of Local Taxes and Levy (DLTL) scheme.
Abdul Razak said, “I hope this will resolve our exporters’ liquidity issues and enable them to enhance exports.” The Adviser to PM hailed the country’s significant growth in the country’s export in different sectors for November 2020. “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,” the adviser added. He said that this was in line with our policy of promoting value-added exports and reflecting a healthy trend.
“I urge the exporters to take benefit of this opportunity and move full speed ahead,” Razak said. He further added while commending the efforts made by the country’s trade section at Tokyo, “I am happy to share that export of animal casings from Pakistan to Japan has resumed after a ban of four years and I advise our trade missions to engage the importers for promotion of Pakistan’s exports actively,”
