Rs25.7bn allocated to textile sector under PM’s trade package

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ISLAMABAD: The government has paid Rs25.7 billion to the textile sector under the first phase of Prime Minister’s Trade Enhancement Package which ended on June 30, 2018, senior officials at the Ministry of Commerce and Textile revealed here Thursday.

“Rs2.6 billion was disbursed to the textile sector in first two months during Phase II from July 1 to August 31 2018”, said the officials from the ministry.

Replying to a question, the officials said that the government had planned to expand the coverage areas under the Trade Enhancement Package to the remaining industrial sectors such as pharmaceuticals. “We are committed to providing an enabling environment for the industrial sector,”

The officials added that through this package, the cost of doing business would come down in the country.

The Ministry of Commerce and Textile had assured payments through the Prime Minister’s Trade Enhancement Package to the textile sector by February 2019 to enhance the country’s exports.

The government had also given relaxation on the import of textile machinery for the modernisation of industry and to enhance the capacity of the sector. “We want to revive the confidence of the textile sector through the Trade Enhancement Package”.

The officials said that the government is offering multiple training courses to focus on different areas of the textile sector to enhance the capacity of its workers.

“Garments, fashion, apparel design, cutting for lingerie making, line supervisory skills and knitting machine operators training are the areas of these capacity building courses”, said the ministry officials, adding that the training program’s main objective is the provision of a skilled workforce to make the textile industry more competitive.

“The ministry will cover the costs incurred in the areas of trainee stipend, trainer’s salary, raw material cost, social mobilisation, evaluation cost, certificate printing and distribution”.

 

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