ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan has announced that the Ministry of Commerce has sanctioned Rs.10 billion (Rs10,000 million) for the textile and apparel industry and other export sectors under the Duty Drawback and Technology Upgradation Schemes, aimed at improving industrial liquidity and supporting export growth. Sharing the development on his official X (twitter), Federal Minister Jam Kamal Khan said: “Pleased to share that the Ministry of Commerce has sanctioned Rs. 10,000 million for textiles and apparel and other export sectors under duty drawback and technology upgradation schemes. DNA
I hope this will improve the liquidity of industry and enable them to enhance exports.”
The sanctioned funds are expected to provide much-needed liquidity support to export-oriented industries and facilitate technological upgradation, enabling exporters to improve their competitiveness and expand their presence in international markets.
The initiative reflects the government’s continued focus on strengthening Pakistan’s export sectors, facilitating industry and creating an enabling environment for sustainable export growth.
