ISLAMABAD: Pakistan’s textile and clothing exports rose by two per cent year-on-year to $8.9 billion in the first eight months of current fiscal year, the Pakistan Bureau of Statistics (PBS) reported on Friday.
One of the reasons for the partial revival in exports is a result of cash subsidy offered under the Prime Minister’s Exports Enhancement Package. Moreover, the government has also released the pending refunds to taxpayers.
The government believes that better energy supplies coupled with more than 33pc depreciation of rupee has played its role in promoting exports. In rupee terms, the growth in exports of textile and clothing was reported at nearly 25pc in the period under review.
The government has also announced to clear outstanding refunds and rebate through issuance of bonds. In the first phase, government will issue bonds worth Rs80bn against outstanding refunds.
ISLAMABAD: Pakistan’s textile and clothing exports rose by two per cent year-on-year to $8.9 billion in the first eight months of current fiscal year, the Pakistan Bureau of Statistics (PBS) reported on Friday.
One of the reasons for the partial revival in exports is a result of cash subsidy offered under the Prime Minister’s Exports Enhancement Package. Moreover, the government has also released the pending refunds to taxpayers.
The government believes that better energy supplies coupled with more than 33pc depreciation of rupee has played its role in promoting exports. In rupee terms, the growth in exports of textile and clothing was reported at nearly 25pc in the period under review.
The government has also announced to clear outstanding refunds and rebate through issuance of bonds. In the first phase, government will issue bonds worth Rs80bn against outstanding refunds.
