Govt to facilitate textile sector, assures Dar

ISLAMABAD: Finance Minister Ishaq Dar has said textile sector is the important foreign exchange earner of Pakistan and it would be facilitated in every possible manner to perform at optimum level, while talking to a delegation comprising representatives of textile industry, which held a meeting with him the other day.

The delegation also apprised him of the problems faced by the value added sector. Special Assistant to Prime Minister (SAPM) on Revenue Haroon Akhtar, Parliamentary Secretary on Finance Rana Muhammad Afzal and Fedral Board of Revenue (FBR) Chairman Nisar Muhammad Khan were also present in the meeting. The delegation informed the minister that shortage of gas is the most critical problem faced by the textile value added sector, which should impaired level of production and consequently led to decreased exports and diminished foreign exchange earnings.
The delegation also requested for restructuring of bank loans and their repayment on easy installments. Members of the delegation, while referring to the issue of GST refunds, appreciated the measures being taken by the government. They were of the view that the shortage of gas could be met through provision of imported LNG at a reasonable price.

Dar also set up a special committee headed by the SAPM to take the issues raised by the delegation and suggested remedial measures.

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