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Current fiscal will end up with exports of $25 bn: Razak


June 11, 2021
ISLAMABAD: Pakistan’s goods exports have increased to $22.5 billion in the first 11 months of the current financial year 2020-21 and it is hoped that the outgoing fiscal will end up with exports of $25 billion. This was announced by Adviser to PM on Commerce and Textile here on Thursday during the press briefing held on Economic Survey 2020-21.
However, according to the Economic Survey 2020-21, exports during July-March FY2021 amounted to US$18.7 billion as compared to US$17.4 billion in the same period last year, which shows an impressive growth of 7.1 percent as compared to the 2.2 percent in the same period last year. ....

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Five-year textile policy: Facilities worth Rs950 billion proposed


Five-year textile policy: Facilities worth Rs950 billion proposed
  Published On
Policy has been formulated to reduce the input cost of the textile and clothing sector.
ISLAMABAD (Dunya News) – Facilities/incentives of around Rs950 billion including provision of electricity to the sector at 7.5 cents/kWh have been proposed under new five-year textile policy.
According to sources, under the draft of five-year textile policy, the target of textile exports by 2025 has been set at $20.8 billion by the government.
The policy also recommended provision of RLNG at $6.5 per mmBtu; and domestic gas at Rs786 per mmBtu.
The impact of electricity at cents 7.5/kWh is estimated to be Rs250 billion; RLNG Rs111 billion and DLTL for textiles and apparel products Rs400 billion. ....

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