Pakistan to continue with the Textile and Apparel Policy 2020-25 for boosting “Make in Pakistan”

pakistan-textilesAccording to Abdul Razak Dawood, Adviser to Prime Minister on Commerce, the Pakistan Ministry of Commerce has chosen to continue with the Textile and Apparel Policy 2020-25 and the Drawback of Local Taxes and Levies (DLTL) program to boost exports of value-added textiles.

The adviser told businesspeople at a conference organized by the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) that their issues will be discussed with Prime Minister Imran Khan and the federal cabinet. The adviser emphasized the beneficial impact of the “Make in Pakistan” plan, stating that billions of rupees in investment were in the pipeline and that new textile facilities were likely to be constructed.

The administration has halted the trend of de-industrialization. It unveiled the “Make in Pakistan” program in August 2020 to encourage export-oriented industrialisation in the nation.

The government has decreased tariffs on hundreds of tariff lines, including raw materials for industry to make their goods more competitive, as part of the program.