This could allow exporters to become more competitive and expand their presence in international markets.
Pakistan’s Ministry of Commerce has approved Rs. 10 billion for the textile and apparel industry and other export sectors under duty drawback and technology upgradation schemes. The funding aims to improve industrial liquidity and support export growth.
Commerce Minister Jam Kamal Khan announced the decision on X, saying the funds would help improve the financial position of industries and allow exporters to increase their sales in international markets.
“Pleased to share that the Ministry of Commerce has sanctioned Rs. 10,000 million for textiles & apparel and other export sectors under duty drawback and technology upgradation schemes. I hope this will improve the liquidity of the industry and enable them to enhance exports,” the minister said on X.
The approved funds are expected to provide much-needed financial support to export-oriented industries and help them upgrade their technology. This could allow exporters to become more competitive and expand their presence in international markets.
The move reflects the government’s continued efforts to strengthen Pakistan’s export sectors, support industries and create better conditions for sustainable export growth.
