Related Keywords: achieve compliance with international standards, allocated Rs42.5 billion, bedwear and readymade garments, improve the sectors technological configuration, key exports revenue spinners, Knitwear, mark-up support, Pakistan Ministry of Textile industry, remove critical imbalances, textile policy, value added textile sector, value chain
The Pakistan Ministry of textile industry had allocated Rs42.5 billion worth of mark-up support and other incentives in April 2010 to improve the sector’s technological configuration, remove critical imbalances in the value-chain and help it achieve compliance with international standards.
But for the past two year, billions of rupees in refund claims under technology up-gradation fund (TUF) has been stuck which the value-added textile sector urged the government to clear it soon.
