Govt to enhance exports of cotton products

Observer Report

Islamabad—Under Textile Policy 2015-19, an amount of 64.15 billion rupees will be spent on the textile sector to double the exports of textiles and clothing sector from the existing thirteen billion to twenty-six billion dollars. In order to reduce cost of doing business, the Government has already reduced the electricity tariff by three rupees for the industrial units, state-run radio reported. The availability of affordable finance for the export sector has considerably improved as a result of measures taken by the Government. Duty free import of textile machinery is continuing during the current financial year.

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