Rs9.37bn released for textile exporters, says Dawood

The Ministry of Commerce has released Rs9.37 billion to textile exporters under various schemes, said Adviser to Prime Minister for Commerce, Textile, Industry and Production, and Investment Abdul Razak Dawood on Thursday.

Giving a break-up of the figures on his official Twitter handler, he said the Ministry of Commerce released duty drawback on taxes (DDT) Rs3.9 billion under 2018-21 and Rs3.8 billion DDT under 2017-18.

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He further revealed that a total of Rs27 billion has been paid to the textile sector in three months.

Earlier, Dawood had assured the exporters that the government was fully aware of the difficulties faced by them due to the coronavirus.

He had announced that government would give a relief package to them in the coming days, particularly to ease the liquidity problems faced by them.

Taking to Twitter, he said, “I want to assure our exporters that the government is fully aware of the difficulties faced by you due to the Coronavirus. In the coming days, we will be giving a relief package, particularly to ease the liquidity problems faced by you.”

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