ISLAMABAD: The government was committed to implement Textile Policy 2014-19 in its letter and spirit for economic growth besides benefiting the exporters and the sector.
The Ministry of Commerce and Textile has assured timely payments, through Prime Minister “Trade Enhancement Package”, of Rs 162 billion to the textile sector by June 2018 to enhance the country’s exports, senior official of Ministry of commerce and textile told reporter here on Tuesday.
“We had paid Rs. 9 billion out of total Rs. 15 billion for last fiscal in shape of duties draw back to textile sector,” he said.
The government has accorded priority to the textile sector and helped it to gain competitiveness in order to enhance the country’s exports, he said.
“We want to revive confidence of the textile sector through trade enhancement package.”, he remarked.
Replying to a question, he said the government had planned to expand coverage areas of the Trade Enhancement Package to remaining industrial sectors including pharmaceutical.
“We are committed to provide an enabling environment for the industrial sector,” he said.
The official said through this package cost of doing business would come down in the country.
He said the ministry had started a training programme for cotton growers about pest control and crop management to enhance the cash crop output in the country.
About 5,000 progressive farmers and workers of field extension departments of the provincial agriculture departments had been trained initially about the pest control and crop management, he said.
Replying to a question, he said, “We introduced 16 new varieties in cotton for enhancing the production and growth of textile sector.”