Pakistan’s textile industry expects the Economic Coordination Committee (ECC) to approve the new five-year textile policy, the country’s third, carrying unprecedented cash and energy price subsidies to increase the country’s textile and clothing exports to $20.8 billion in five years, this week. The approval of the policy was delayed for a week because the finance ministry wanted the Federal Board of Revenue (FBR) to examine the revenue implications of the suggested incentives including unprecedented cash and energy price subsidy and restoration of the zero-rated status of the exporters. According to the published reports, the textile policy 2025 pledges interventions totalling more than Rs950bn or almost $6bn, including cash subsidy of Rs400bn and energy price subsidies of Rs350bn over five years to boost the textile and clothing exports.