ISLAMABAD, Pakistan: The federal government plans to enhance textile related exports to $26 billion by 2019.
The officials said that under the five year textile policy, over Rs 64 billion will be spent on the textile sector to bolster its exports.
They said that with reduction in discount rate by the State Bank of Pakistan, the availability of affordable finance for the export sector has considerably increased.
The officials said that technology up gradation fund scheme for the textile sector has been formulated added that this scheme will particularly benefit the SMEs to invest in new technologies to make Pakistan’s exports globally competitive.
Besides, the facility of duty free import of textile machinery has been extended for the current financial year.
