Govt offers Rs 100 billion to uplift industry: Dawood
ISLAMABAD, Apr 03 (APP):Adviser to Prime Minister for Commerce and Textile, Abdul Razak Dawood on Friday said that the government had offered up to Rs 100 billion packages to the industrial sector as a support following current challenging situation, created due to COVID- 19 pandemic. “We are continuously in contact with all major industrial sectors, including textiles and construction. With consultation of all stakeholders, the government would give incentive to the priority areas of industrial sector for revival in current critical situation,” Razaq Dawood told APP here on Friday. The government wanted to resolve the liquidity issue of industrial sector, he said adding that Drawback of Local Taxes and Levies (DLTL) payments would be made, which were pending since 2009. The adviser said the government would pay Technology upgradation fund worth Rs 30 billion to the industrial sector to help it come out from the current challenge of COVID- 19 Coronavirus pandemic. He informed that total Rs 47 billion would be paid to the textiles sector in coming 100 days to support the major export sector of the country. Replying to a question, he said the government would pay all the refunds including in Rs 200 billion packages to compensate … Continue reading Govt offers Rs 100 billion to uplift industry: Dawood
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