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Pak ministry releases Rs 9.37 bn to textile exporters

Pakistan’s commerce ministry recently released Rs 9.37 billion to textile exporters under various schemes, according to Abdul Razak Dawood, adviser to prime minister for commerce, textile, industry and production, and investment, who said duty drawback on taxes (DDT) worth Rs 3.9 billion and Rs 3.8 billion were released for 2018-21 and 2017-18 respectively.

He said a total of Rs 27 billion has been paid to the textile sector in three months.

Dawood had earlier announced that the government would offer a relief package for exporters, particularly to ease the liquidity problems faced by them, according to Pakistani media reports.

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“I want to assure our exporters that the government is fully aware of the difficulties faced by you due to the coronavirus. In the coming days, we will be giving a relief package, particularly to ease the liquidity problems faced by you,” he had twitted.

 

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