PAKISTAN TO CONTINUE WITH THE TEXTILE AND APPAREL POLICY 2020-25
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14 January 2022, Mumbai:
The Pakistan Ministry of Commerce has decided to continue with the Textile and Apparel Policy 2020-25 and the Drawback of Local Taxes and Levies (DLTL) scheme to enhance export of value-added textile, says Abdul Razak Dawood, Adviser to Prime Minister on Commerce.
At a meeting arranged by the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), the adviser assured businessmen that their problems would be taken up with Prime Minister Imran Khan and in the federal cabinet.
Highlighting the positive outcome of the “Make in Pakistan” strategy, the adviser pointed out that investment of billions of rupees was in the pipeline and new textile units were expected to be established.
The government has reversed the de-industrialization process. In August 2020, it announced the “Make in Pakistan” policy to promote export-oriented industrialization in the country
Under the policy, the government has reduced duties on hundreds of tariff lines including the raw material for industries to make their products competitive.
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