Govt releases Rs1.78b to Pakistan textile sector ...palestine

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Govt releases Rs1.78b to Pakistan textile sector
The Ministry of Commerce has released Rs1.78 billion to resolve liquidity issues of the domestic textile sector and boost its exports, Adviser to PM on Commerce Abdul Razak Dawood said Friday. The funds were provided under the Drawback of Local Taxes and Levies scheme, a federal provision for tax rebates, Dawood said on Twitter. The duty drawback funds for the non-textile sector will also be released soon. The federal government promised a raft of economic stimulus earlier this year due to the economic crisis caused by the coronavirus pandemic. It distributed money among labourers and low-income families, while rebates and interest payments deferrals had been assured to the export a

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