Rs9.37 billion released for textile exporters: Abdul Razak Dawood

KARACHI: Advisor to Prime Minister for Commerce, Textile, Industry and Production, and Investment Abdul Razak Dawood said that Ministry of Commerce has released Rs 9.37b to textile exporters under various schemes.

Taking to Twitter, he said the Ministry of Commerce released duty drawback on taxes (DDT) Rs3.9 billion under 2018-21 and Rs 3.8 billion DDT under 2017-18.

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

Abdul Razzak Dawood also announced that the government will be giving a relief package to the exporters.

In a tweet, Dawood said that the package would be given “to ease the liquidity problems faced” by the exporters.

“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.”

I want to assure our exporters that the government is fully aware of the difficulties faced by you due to the #Corona Virus.
In the coming days we will be giving a relief package, particularly to ease the liquidity problems faced by you. @ansukhera @aliya_hamza @ImranKhanPTI

— Abdul Razak Dawood (@razak_dawood) March 19, 2020