Summary Pakistan's export of textile and clothing reached $13.53bn in 2017-18.
Government has released nearly Rs32 billion in cash support for promoting exports of textile and clothing in the last one and half years.
Pakistan s export of textile and clothing reached $13.53bn in 2017-18 as against $12.45bn over the previous year, reflecting an increase of 8.67pc. It shows that the cash subsidies partially picked up export proceeds from the sectors.
The growth pattern was much higher in the exports of value-added sectors garments, knitwear and bedwear during the outgoing fiscal year.
According to the textile policy, exports from the sector will reach $26bn by end 2019 from $13bn in 2016 the year when the policy was announced.
In this package, the government has paid Rs2.69bn under the scheme of drawback of local taxes and levy for the period from 2014-17. The total claims received under this scheme are estimated to be Rs8.8bn.
