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Government taking steps to boost textile sector.

Secretary Ministry of Textile Industry Hassan Iqbal said the government was fully aware of the economic importance of the textile sector and PM's textile package of Rs 180 billion was aimed at to boost the sector. He was addressing a function organised by All Pakistan Bed sheets and Upholstery Manufacturers Association (APBUMA).

He said registration of textile exporters was imperative to get the incentives under the Rs 180 billion textile package. He added that the registration system had been streamlined and payment will be started as soon as applicants will deposit the required documents. Regarding old claims of sale tax, income tax etc., he said the Ministry was in contact with the FBR.

The Secretary also appreciated a proposal to set up a textile spinning and stitching Institute in Faisalabad and said he would direct Joint Secretary training to process this case. The government had offered lucrative incentives for the import of the textile machinery and ready to offer more concession to the textile sector.

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Publication:Pakistan Textile Journal
Article Type:Brief article
Geographic Code:9PAKI
Date:May 31, 2017
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