Govt reaches agreement with textile exporters, says Azhar

• 'No additional financial burden is borne by the power and finance division for current and next financial year combined,' informs the minister.

The government has reached an agreement with the textile exporters, announced Federal Minister for Economic Affairs, Hammad Azhar.

“We have reached an agreement with all stake holders of textile exporting sectors that addresses their concerns and also ensures that no additional financial burden is borne by the power and finance division for current and next financial year combined,” said the federal minister in a tweet post.

We have reached an agreement with all stake holders of textile exporting sectors that addresses their concerns and also ensures that no additional financial burden is borne by the power and finance division for current and next financial year combined. Details to follow tomorrow.

— Hammad Azhar (@Hammad_Azhar) February 26, 2020

As per reports, the It was agreed by all parties that the government will provide a maximum of Rs 20 billion total subsidy for power and petroleum, in the form of cross subsidy and/or allocation, in the next year's budget. The government showed its resolve to provide all necessary support to these industries for better economic growth of the country.