Govt sanctions Rs10bn for exporters under support schemes

The Ministry of Commerce has sanctioned Rs10 billion for the textile and apparel industry and other export sectors under the duty drawback and technology upgradation schemes, aimed at improving industrial liquidity and supporting export growth.

Minister for Commerce Jam Kamal Khan announced the development in a post on social media platform X on Saturday.

“Pleased to share that the Ministry of Commerce has sanctioned Rs10,000 million for textiles and apparel and other export sectors under duty drawback and technology upgradation schemes.

I hope this will improve the liquidity of industry and enable them to enhance exports,” Jam Kamal said.

The minister believed that the sanctioned funds are expected to provide much-needed liquidity support to export-oriented industries and facilitate technological upgradation, enabling exporters to improve their competitiveness and expand their presence in international markets.

The initiative reflects the government’s continued focus on strengthening Pakistan’s export sectors, facilitating industry and creating an enabling environment for sustainable export growth.

Duty drawback schemes, such as the Duty and Tax Remission for Export (DTRE) scheme and the Duty Drawback of Local Taxes and Levies (DLTL) scheme, were introduced by the government to reimburse exporters for local taxes paid on export consignments.

These schemes are not considered incentives but rather a rightful reimbursement of duties and taxes already paid.

The Federal Board of Revenue (FBR) maintains a list of active manufacturers under various export facilitation schemes, including DTRE, the export facilitation scheme, the manufacturing bonds scheme, and the Export Oriented Unit (EOU) scheme.