Rs 213 million for DLTL payments of non-textile sector approved: Razak Dawood

ISLAMABAD, Pakistan: Rs 213 million for Local Taxes and Levies (DLTL) payments of the non-textile sector have been approved, the Prime Minister’s Adviser for Commerce and Investment Abdul Razak Dawood said on Wednesday.

In a statement on Twitter, the adviser said that these are now with the State Bank of Pakistan (SBP) and will soon be disbursed to the relevant exporters.

Abdul Razak Dawood said that our policy is not to put any working capital constraints for our exporters.

“I hope that this will facilitate them,” he added.

Earlier in another tweet, the adviser congratulated Bazaar Technologies on successfully raising US$ 6.5 million in what is now being termed as one of the region’s larger seed rounds.

The adviser said that this is impressive considering the fact that the startup was founded just eight-month ago by two youngsters at Karachi for digitizing of the traditional retail sector in Pakistan.