Govt committed to facilitating value-added textile sector

Published May 1, 2021
Workers pictured at a textile factory in Faisalabad. — AFP/File
Workers pictured at a textile factory in Faisalabad. — AFP/File

ISLAMABAD: Finance Minister Shaukat Tarin on Friday reiterated the commitment of the government to facilitate the textile sector for enhancing value-added exports.

In a meeting with a delegation of Pakistan Textile Exporters Associa­tion (PTEA) at the Finance Division, Mr Tarin said the government believes in building a strong partnership with businessmen, traders and exporters for evolving a roadmap through a consultative process for a sustained and robust export-led growth.

Commerce Adviser Razak Dawood, Special Assistant Revenue Dr Waqar Masood, and Federal Board of Revenue Chairman Asim Ahmad also participated in the meeting.

The finance minister stressed the need for consolidating fragmented businesses and promoting value-added exports on a competitive basis internationally.

Patron-in-Chief of PTEA Khurram Mukhtar commended the recent measures taken by the government to facilitate businessmen and exporters amid Covid-19 pandemic. He specifically lauded the fully automated system of the FBR for disbursement of refunds in an expeditious manner.

Meanwhile, the finance minister chaired a meeting with the representatives of Overseas Investment Chamber of Commerce and Industry (OICCI) and Pakistan Business Council (PBC) at the Finance Division.

Mr Tarin said the government is firmly committed to providing incentives to business community that are targeted and sustainable in the long run. The end goal is to achieve an all-inclusive sustainable economic growth which leads to industrialisation, employment generation, export-led growth and import substitution, he added.

In another meeting with a delegation of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) via video link, Mr Tarin briefed the participants about the economic priorities of the government. He also outlined that the government is adhering to strict financial discipline for achieving macro-economic stability and enhancing revenue generation.

Published in Dawn, May 1st, 2021

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