DLTL facility for textile sector will continue to boost exports: Razak

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Adviser to Prime Minister on Commerce and Textiles, Abdul Razak Dawood has made it clear that the Commerce ministry has not withdrawn the Textile & Apparel Policy 2020-25 while the facility of Duty Drawback of Local Taxes and Levies (DLTL) for the textile sector will continue in future in order to increase the export of value-added textiles.

This was stated by him while addressing a conference organized by the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) here on Monday.

Besides PRGMEA regional chairman, Sheikh Luqman Amin, the meeting was attended by PRGMEA former chairman Mubashir Butt, Sohail Afzal Sheikh and the representatives of the Pakistan Hosiery Manufacturers & Exporters Association (PHMA).

Razak Dawood assured the value-added textile sector’s stakeholders of raising their problems with PM Imran Khan and the federal cabinet. The government would consider and resolve all issues that were highlighted during the meeting, he added.

He said that the textile sector has been playing a major role in stabilizing the national economy. Therefore, the government was also striving hard to resolve problems of this sector on a priority basis.

The PM’s Adviser on Commerce and Textile, highlighting the positive outcome of the ‘Make-in-Pakistan’ policy, said that that investment of billions of rupee is in the pipeline under which new textile units are expected to be established, which will apart from enhancing export capacity are likely to create about hundreds of thousands of jobs. He said that the government has reversed the de-industrialization process, as we are now on a path of industrial growth in Pakistan. In August 2020, the government had announced the ‘Make-in-Pakistan’ policy in order to promote export-oriented industrialization in the country.

 

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