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Pakistan’s exports up 8% in last five month

Pakistan’s exports up 8% in last five month

ISLAMABAD: Pakistan exports enhanced 8 percent in last five month as Prime Minister ‘s Export Enhancement Package positively impact the country’s trade for economic growth.

After the implementation of PM ‘s Export Enhancement Package, exports were increasing in textile sector including raw cotton, cotton yarn, cotton cloth, cotton carded, Knitwear, towels and readymade garments, Senior official of Ministry of Commerce and Textile told APP here on Tuesday.

The government has disbursed Rs 14 billion among the textile sector against claims for Rs 21 billion through the State  Bank of Pakistan under the Prime Minister’s Export Enhancement Package till December 21.

The Rs 162 billion Export Enhancement Package was aimed at helping the textile sector to gain competitiveness in the international market in order to enhance the country’s exports, the official said.

“The government wants to revive confidence of the textile sector through the package,” he said, adding the package would expand to other industrial sectors, including the pharmaceuticals. “We are committed to providing an enabling business environment to all the industrial sectors,” he added.

The government, the official said, had also given procedural and tax relaxations on the import of textile machinery for the modernization of industry and to enhance the capacity of the sector.