Pakistan has approved Rs10 billion in Pakistan export support for the textile, apparel and other export sectors under duty drawback and technology upgradation schemes.
_x000D_Commerce Minister Jam Kamal Khan announced the funding on X. He said the package aims to improve industrial liquidity and help exporters increase sales in international markets.
_x000D_The approved amount totals Rs10,000 million. The government expects the funding to give export-oriented industries more financial room while supporting investment in new technology.
_x000D_ _x000D_Pakistan Export Support Targets Industry Liquidity
_x000D_The new Pakistan export support package is designed to address liquidity pressures faced by export-focused businesses.
_x000D_Exporters can use the assistance to strengthen operations and improve their ability to compete in overseas markets. The technology upgradation component is also intended to help companies modernize production and improve efficiency.
_x000D_The textile and apparel industry stands to benefit significantly because it remains one of Pakistan’s most important export sectors.
_x000D_ _x000D_Technology Upgradation Could Boost Export Competitiveness
_x000D_The government also wants exporters to invest in better technology. Modern equipment can help manufacturers improve productivity, product quality and production efficiency.
_x000D_For Pakistani exporters, these improvements could make it easier to compete with suppliers from other major manufacturing countries.
_x000D_The initiative also supports the broader goal of increasing the value and volume of Pakistan’s exports.
_x000D_ _x000D_Government Focuses on Export Growth
_x000D_The Commerce Ministry says the funding reflects the government’s continued effort to strengthen Pakistan’s export sectors.
_x000D_Officials expect improved liquidity and technology investment to create a more supportive environment for exporters. The measures could also help businesses expand their presence in international markets.
_x000D_For exporters, the Pakistan export support package provides both short-term liquidity assistance and longer-term support for technological improvement.