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.
The MOC releases Rs 9.37 billion to the textile exporters u/ various schemes: DDT 2018-21 Rs3.9Bn, DDT 2017-18 Rs 3.8Bn,
1/2 @ansukhera @pid_gov @ImranKhanPTI @aliya_hamza @PTVNewsOfficial @RadioPakistan @appcsocialmedia @PTIofficial @Emergingpk— Abdul Razak Dawood (@razak_dawood) March 19, 2020
DLTL 2009-11 Rs 1.5 Bn. DDT 2016-17, Rs20m& DLTL 2016-17 Rs 4m.
This is in addition to Rs 17.7Bn released by MOC in DEC 2019.
In total Rs 27 Bn have been paid to the textile sector in 3 months.
2/2— Abdul Razak Dawood (@razak_dawood) March 19, 2020
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.”
