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Page 19 - Export Finance Scheme News Today : Breaking News, Live Updates & Top Stories | Vimarsana

ECC takes up textile, apparel policy today for approval - Newspaper

New textile policy envisions trillion-rupee subsidies for exporters till year 2025 - Newspaper

• Rs200bn for power • Rs150bn for gas • Rs400bn for DLTL scheme • Rs200bn for credit ISLAMABAD: The government is set to unveil an ambitious Textile and Apparel Policy 2020-25 laden with cash subsidies and lower rates on utilities worth Rs960 billion to boost production and exports of value-added textile products. The proposed policy, which will be the third such policy, estimates three scenarios that the measures will lift the textile and clothing exports to a minimum of $15.7bn and a maximum of $20.8bn by end of the year 2025. Well-placed sources told Dawn that the Federal Board of Revenue (FBR) has sought one week’s time to analyse the revenue implications of the proposed measures under the policy. One of the major recommendations of the textile division is the restoration of the zero-rated regime for the five export-oriented sectors. The facility was withdrawn in the year 2019.

The silver lining | Special Report | thenews com pk

Pakistan’s textile exports grow amid severe economic crunch. A look at reasons for this upturn Amid much uncertainty in the times of pandemic, there is finally something to celebrate. The encouraging development is that while the national economy is under pressure on the whole, a few sectors have shown promise and registered significant growth over the recent months. This is no ordinary news keeping in view that Pakistan’s economy recently contracted for the first time in decades and its growth forecast for the following years is dismally low. Among the few sectors that have done well recently, is the textiles, the backbone of economy and contributor of around 65 per cent to Pakistan’s exports. It is heartening to note that most textiles mills are running at full capacity to cater to the needs of the local as well as international markets and more orders are pouring in. Here one can recall the statement of Prime Minister Imran Khan about the unmet demand of hundreds of thousa

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